Data Risk Manager

Hays; Ontario; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player seeks a Data Risk Manager to lead data risk management efforts for an insurance client. This pivotal role involves developing a comprehensive data risk methodology, ensuring compliance with regulatory audits, and minimizing potential financial and reputational harm. The ideal candidate will have over 10 years of experience in data management and risk policies, showcasing expertise in creating frameworks and monitoring systems. Join a forward-thinking company that values proactive measures in data governance and risk management, and play a crucial role in shaping the future of data integrity and security.

Qualifications

• 10+ years of experience in data management and risk policies.
• Expertise in compliance risk and audit programs.
• Ability to create frameworks and risk appetite statements.

Responsibilities

• Lead data risk management and create risk methodologies.
• Evaluate potential data risks and create monitoring frameworks.
• Collaborate with business owners on internal controls.

Skills

Data Management

Data Governance

Data AI Risk Principles

Compliance Risk

Audit Programs

Framework Creation

Risk Monitoring

Job description

Leading technology company looking for Data Risk Managers for their insurance client.

Your new role

Expert knowledge of data management, data governance, and data AI risk principles.

Serve as the SME and point of contact for all data risk management and related efforts.

Create and apply a data risk methodology and program for the company.

Experience in compliance risk and audit programs, including regulatory audits.

Ability to create frameworks, policies, standards, procedures, and templates.

Expertise in creating risk appetite statements, risk limits and thresholds, impact assessments, or risk tolerance.

Expertise in risk monitoring and reporting, including escalations to senior management when needed.

Primarily responsible for evaluating and forecasting potential losses or risks to data that the company may encounter and be impacted by.

Lead in creating a data risk and control methodology and review assessment process.

Proactive approach and measures to minimize exposure to financial, regulatory, legal, or reputational harm caused by loss limitations (e.g., poor data quality, lack of metadata, data and system breaks).

Collaborate with business owners to ensure proper monitoring and assessment of internal controls using key metrics such as KPIs, KRIs, and KCs to evaluate effectiveness.

What you'll need to succeed

The associate needs to be eligible for their ProB Clearance and work from the client office in Toronto in a hybrid mode.

10+ years of experience in data management, data risk policies, standards, procedures.

Defined and implemented a structured approach for conducting gap assessments of operational risk policies and practices, creating actionable plans to address areas for improvement.

Created audit or review methodology, including a roadmap of planned assessments.