Location
Toronto, ON | Canada
Job description
About the Company
Our client is a large global organization and is a leader in the insurance industry. Their organization is the perfect blend of small company feel and large company opportunity. They are looking for an AVP, Risk to join their team!
Why Work Here
- Strong and flexible corporate culture
- Opportunity to be involved in exciting projects partnering with senior stakeholders across the globe
- Career development and progression opportunities available
About the Opportunity Global Risk Management
- Input into the global risk strategy for new products and territories
- Support risk assessment for new business transactions across all lines of business, including assessing the adequacy of assumptions, operational implications and balance sheet impacts
- Participate/present at Division Risk Management Committee, Actuarial Sub-Committee and Bermuda Board Risk Committee
CRO, Canada Branch
- Provide risk assessment and thought leadership to ensure the Canada Branch is appropriately managed
- Lead engagement with Canadian regulator
- Evaluate Canadian regulatory changes including prudential capital developments
- Responsible for the ORSA for the Canada Branch
- Support work to comply with developing climate change risk requirements
Operational Risk
- Lead development of Operational Risk policies
- Chair the Operational Risk Management Committee
- Maintain knowledge of global regulatory requirements for Operational Risk to ensure compliance
- Conduct reviews of emerging risks or potential control gaps
- Support global projects focused on improving processes and controls
- Develop approach to risk and control self-assessments
Third Party Risk
- Development of Third Party Risk Management policies
- Support technology led project to rollout third party risk management tooling and improve the processes across the vendor lifecycle
- Evaluate and advise on the impact of third party risk regulatory changes across all of our jurisdictions
- Line management of third party risk management resource
About You - A relevant professional qualification with at least 7 years’ relevant business experience, preferably in an (re) insurance environment
- Understanding of:
- Risk management frameworks
- Insurance risks
- Operational/non-financial risk experience, such as RCSAs and vendor lifecycle
- Familiarity with relevant capital bases and financial reporting standards such as LIMAT, BMA and US GAAP
- Ability to work independently e.g. as project manager or on discrete tasks
- Strong understanding of life (re)insurance industry
- Good understanding of actuarial process and requirements
Salary Range $160,000 - $180,000/year
How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #402932 .
You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role
Job tags
Salary
$160k - $180k per year
