Director Enterprise Risk Management (ERM) and Insurance

University of Toronto; Toronto; On-site; CAD 165,000 - 193,000; Full time

Job summary

A leading Canadian university is seeking a Director of Enterprise Risk Management to oversee its risk management framework and insurance portfolio. This position requires a minimum of ten years of leadership experience and strong skills in team management and change management. The successful candidate will work strategically with various university departments to ensure effective governance and risk identification. This is a full-time position located in Toronto, Ontario with a competitive salary range.

Qualifications

• Minimum ten years of leadership experience in enterprise risk management.
• Experience in a university setting is an asset.
• Proven experience in leading complex projects and teams.

Responsibilities

• Provide strategic oversight of the University’s risk management framework.
• Lead the development and implementation of risk policies.
• Collaborate with partners across the University.

Skills

Leadership skills

Analytical abilities

Political acumen

Team-building skills

Change management

Education

An undergraduate degree in Business, Finance, Law

Graduate degree

Canadian Risk Management certification

Tools

Risk management frameworks

Insurance management systems

Job description

Overview

Date Posted: 01/26/2026
Req ID: 46739
Faculty/Division: Office of the President
Department: Enterprise Risk Management (ERM) and Insurance Office
Campus: St. George (Downtown Toronto)

Description:

The University of Toronto invites collaborative, forward-thinking leaders to shape the future as its next Director, Enterprise Risk Management (ERM) and Insurance.

Reporting to the Chief Legal Officer, the Director provides strategic oversight of the University’s enterprise risk management framework and insurance portfolio, ensuring that institutional decision making is informed and aligned with long term priorities. The role is central to strengthening the University’s capacity to anticipate emerging risks and support effective governance.

The Director leads the development and implementation of risk policies, frameworks, and tools that guide senior leaders in identifying, assessing, and monitoring institutional risks. An integral part of the risk management function is to manage the insurance portfolio and all related claims for the university.

Working collaboratively with partners across the University, the Director ensures alignment among risk related functions, including Internal Audit, Information Technology Services, Environmental Health & Safety, and the Office of University Counsel.

The Director is a knowledgeable leader in the evolving discipline of enterprise risk management, particularly in relation to emerging risk trends, the integration of risk with institutional strategies, risk appetite frameworks and developing key performance indicators for risk reporting. The successful candidate will demonstrate exceptional communication skills, political acuity, and the ability to build trust across a large, decentralized institution.

The University of Toronto is consistently ranked among the world’s top 20 universities, distinguished by an extraordinary depth and breadth of excellence in teaching, research, innovation and entrepreneurship, which drives economic growth and promotes social wellbeing around the globe.

Located in Toronto – Canada’s largest city – the University encompasses 18 Faculties and Schools, more than 100 departments, and 170 research centres and institutes. Its teaching programs are delivered on the historic St. George campus in the heart of Toronto’s downtown, on campuses in Mississauga and Scarborough, and in nine fully affiliated teaching hospitals. With more than 25,000 faculty, staff, and librarians, over 97,000 students of which 30% are international, and an annual operating budget exceeding $3.5 billion, the University is one of the world’s largest publicly funded research-intensive universities.

Qualifications

Education:

• An undergraduate degree in a relevant area of study (e.g. Business, Finance, Law) or an acceptable combination of education and relevant experience.
• Graduate degree an asset.
• Canadian Risk Management certification or equivalent is required.

Experience:

• Minimum ten (10) years of leadership experience in enterprise risk management function.
• Experience in a university setting an asset.
• Experience in an organization with scale and complexity, range of stakeholders and complex governance structure that parallels University of Toronto, preferably in the public sector.
• Demonstrated experience in enterprise risk management, regulatory compliance, legislative frameworks and policy development.
• Experience with risk identification, reporting, and mitigation strategies that align with the University priorities.
• Experience in insurance management, lines of insurance coverage.
• Experience interpreting insurance policies.
• Change management and project management experience.
• Demonstrated experience in successfully leading, motivating and managing a diverse team towards the strategic goals of enterprise risk management function.
• Proven experience in successfully leading complex projects and teams across a variety of different institutional areas.
• Experience leading teams. Experience supervising staff in a unionized environment is an asset.

Skills:

• Knowledge of leading-edge enterprise risk management practices and globally-accepted frameworks.
• Knowledge of legislative and regulatory requirements for a large public sector organization.
• Knowledge of relevant governing legislation for university sector.
• Ability to assist CLO with establishing a strategic direction and developing priorities and initiatives to support that direction.
• Demonstrated leadership and team-building skills, fostering collaboration, and driving consensus.
• Strong political acumen.
• Ability to establish credibility and engender trust at all levels of an organization and successful buy-in of programs.
• Understanding and ability to work effectively in the context of the culture and traditions of a large, complex organization.
• Ability to deal with sensitive and confidential information using well developed discretion and judgement.

Other:

• Strong analytical abilities.
• Strong presentation abilities.
• Excellent facilitation and decision-making skills.
• Ability to prioritize and respond appropriately to issues arising.

Additional Details

Closing Date: 02/17/2026, 11:59PM ET
Employee Group: Salaried
Personnel Subarea: PM
Appointment Type: Budget - Continuing
Schedule: Full-Time
Pay Scale Group & Hiring Zone: PM 8 -- Hiring Zone: $165,350 - $192,911 -- Broadband Salary Range: $165,350 - $275,585 (Open)
Job Category: Administrative / Managerial

Diversity and Accessibility

Diversity Statement

The University of Toronto embraces diversity and is building a culture of belonging that increases our capacity to effectively address and serve the interests of our global community. We strongly encourage applications from Indigenous Peoples, Black and racialized persons, women, persons with disabilities, and people of diverse sexual and gender identities. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences, and expertise are essential to strengthening our academic mission.

As part of your application, you will be asked to complete a brief Diversity Survey. This survey is voluntary. Any information directly related to you is confidential and cannot be accessed by search committees or human resources staff. Results will be aggregated for institutional planning purposes. For more information, please see http://uoft.me/UP.

Accessibility Statement

The University strives to be an equitable and inclusive community, and proactively seeks to increase diversity among its community members. Our values regarding equity and diversity are linked with our unwavering commitment to excellence in the pursuit of our academic mission.

The University is committed to the principles of the Accessibility for Ontarians with Disabilities Act (AODA). As such, we strive to make our recruitment, assessment and selection processes as accessible as possible and provide accommodations as required for applicants with disabilities.

If you require any accommodations at any point during the application and hiring process, please contact [e-mail].