Assistant Vice President, Risk

Canadian Life and Health Insurance Association Inc.; Canada; On-site; CAD 142,945 - 174,710; Full time

Benefits offered by this job

Employer-paid health, dental, and paramedical benefits

Defined contribution pension plan with employer matching

Flexible work model with office attendance

Job summary

A prominent Canadian insurance association is seeking an Assistant Vice President for Risk. This critical role focuses on advancing risk management practices within the life and health insurance industry. Responsibilities include liaising with industry regulators, managing stakeholder relationships, and leading committees. Candidates should possess a university degree, relevant certifications, and at least 7-10 years of industry experience. The position offers a hybrid work model and comprehensive benefits, including employer-paid health coverage and a defined contribution pension plan.

Qualifications

• At least 7-10 years of life and health insurance industry experience.
• Relevant work experience in a Risk function.
• Ability to lead and manage committee work and groups.

Responsibilities

• Lead strategies related to risk requirements and developments.
• Organize and facilitate Risk Committee meetings.
• Manage meeting materials and briefing documents.

Skills

Excellent communicator

Independent

Flexible

Strong relationship manager

Analytical skills

Education

University degree in a related field

Recognized risk management certification

CFA, ASA, FCIA/FSA

Job description

Imagine a job where YOU can utilize your exceptional interpersonal skills to liaise effectively with both internal and external teams.

Add a great collaborative team, a challenging variety of work, excellent work life balance, and you have imagined a job at the CLHIA.

About the CLHIA

CLHIA is the respected voice of Canada's Life and Health insurers. Our work concerns the lives of all Canadians. We work alongside our members to advance public policy solutions that ensure a sound and vibrant life and health insurance industry that allows Canadians to enjoy greater financial security and access to valuable supplementary health benefits. Every day at the CLHIA, we bring:

• our authentic selves to the job
• our best ideas to every challenge
• our open minds to other perspectives
• our full trust in one another’s abilities
• our commitment to exemplify respect, accountability, teamwork, and excellence in how we work together;
• our genuine enthusiasm for a job well done – whether it’s your own achievement or someone else’s.

We are a stable and secure association that has been busier than ever. We are a small close-knit team that works together to make sure the association runs smoothly. This position is currently a hybrid position where you are expected to attend one of our offices (Toronto, Ottawa, or Montreal) at least 2 days a week.

The Right Fit

We believe the kind of person you are matters. We have a culture of respect and caring, and we want employees who will thrive in our environment. When we hire, we consider your potential and how you may fit with our team.

You will succeed here if you are:

• An excellent communicator – you will be collaborating with not only our internal team but with stakeholders and member companies. Your ability to communicate clearly and with several different parties will support your success.
• Independent – you are self‑motivated and manage your time well. You are able to organize your day to meet often conflicting priorities and deadlines.
• Flexible – this is a position where you will have to approach an issue through different angles and the ability to analyze a situation or problem.

The Position:

We are currently recruiting for an Assistant Vice President, Risk (AVP, Risk). This role will report to the Vice President, Risk and Chief Actuary and is responsible for advancing the collective interests of the life and health insurance industry on risk‑related matters by leading the development and execution of strategies supporting effective risk management practices, policy, regulation, and legislation.

The role manages relationships with industry members, providing high‑quality support and communication on risk topics relevant to the industry. The AVP serves as the primary liaison with regulators, and other industry associations and organizations, on risk matters.

The AVP collaborates with CLHIA colleagues on intersecting portfolios, monitors domestic and international regulatory and market developments, and supports the Chief Actuary as required.

Team members benefit from:

• The expected annual base salary is $158,828 with some flexibility depending on the experience and skillset of the candidate.
• Employer‑paid health, dental, extended health, and paramedical benefits (including virtual services)
• A defined contribution pension plan with employer matching
• Hybrid work model based out of our Toronto, Ottawa or Montreal office

What you will be working on:

• Provide thought leadership and lead strategies related to risk requirements and developments affecting the life and health industry in support of CLHIA’s objectives.
• Lead the CLHIA Chief Risk Officer Committee, the Enterprise Risk Management and Operational Risk Working Groups; this includes organizing and facilitating Risk Committee and Working Group meetings.
• Manage CLHIA meeting materials (including agendas and minutes), briefing notes and thought leadership documents in support of the Risk portfolios.
• Support Chief Actuary and CLHIA Risk Committees and Working Groups with regulatory activity, engagement and consultations.
• Conduct CLHIA surveys and other industry analysis supporting the Chief Risk Officer Committee and Working Groups.
• Contribute to a favourable regulatory environment by developing, building and maintaining effective groups, channels and relationships with Canadian federal and provincial regulators, relevant industry players and allies such as standard setting bodies, the Global Risk Institute, Insurance ERM, or Risk Management Society (RIMs), advocacy groups, such as the Canadian Banker’s Association (CBA) and the Insurance Bureau of Canada (IBC), and the Global Federation of Insurance Associations (GFIA).
• Monitor Canadian and international risk, industry and regulatory practices and developments.
• Maintain the department’s forecast of activities, CLHIA risk group membership and files.
• Lead, organise and prepare submissions to consultations, industry notes and briefing documents.
• Coordinate and facilitate meetings of members and regulators and other stakeholders.
• Contribute to the overall CLHIA strategy and operational plans by effectively collaborating with other areas and peers at the CLHIA. This includes informing, supporting, and working on matters intersecting portfolios/files/committees, such as compliance, financial reporting and disclosure, capital, reinsurance, legal, and risk and regulatory affairs with the ACCAP QC team.

What you will bring:

• University degree in a related field
• At least 7-10 years of life and health insurance industry experience
• Recognized risk management certification (ex: FRM, PRM, CRM, CRMP, CERA, RIMS‑CRMP) or equivalent work experience
• CFA, ASA, FCIA/FSA or equivalent designation an asset
• Relevant work experience, preferably in a Risk function, such as:
• Enterprise Risk Management frameworks and applications
• Financial risk or non‑financial risk assessment, policy or oversight
• Relevant knowledge, experience and business application of risk management concepts and application in the life and health insurance industry, in government (regulator) or para‑regulator
• Excellent time and project management ability
• Strong relationship manager
• Advanced written and verbal business communication skills
• Ability to lead and manage committee work and groups
• Strong analytical and problem‑solving skills
• Demonstrated ability to collaborate effectively to deliver on organizational goals
• Bilingual (English, French) language skills, an asset

Equal Opportunity Statement

The CLHIA is committed to ensuring fair and inclusive employment practices. On request, we provide accommodation for applicants with disabilities in accordance with the requirements of the Accessibility for Ontarians with Disabilities Act, 2005 and Quebec’s disability rights legislation. If you require accommodation, please advise us.