Enterprise Risk Management Consultant

Toronto Hydro; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Risk Management Specialist to enhance their enterprise risk management programs. In this pivotal role, you will collaborate with various stakeholders to identify and mitigate risks while ensuring alignment with strategic goals. Your expertise will support the organization's commitment to excellence, as you develop tools and processes that improve risk management practices. This position offers a hybrid work arrangement, allowing for flexibility while contributing to a vital sector. If you're passionate about risk management and ready to make a meaningful impact, this opportunity is for you.

Qualifications

• 5+ years in risk assessments or enterprise risk management.
• Strong understanding of ISO Risk Management Guidelines.

Responsibilities

• Conduct ongoing reviews of strategic and functional risks.
• Develop risk mitigation plans and measurement tools.

Skills

Risk Management

Stakeholder Engagement

Analytical Skills

Problem Solving

Project Management

Communication Skills

Education

Undergraduate degree in Business Administration

Risk Management Certificate

Tools

Risk Management Software

Microsoft Office Suite

Job description

Responsible for the design, development, implementation, management, and maturity of the organization’s enterprise risk management and strategic project risk management programs. Responsible for collaborating with internal stakeholders at all levels to provide advice, consultation and recommendations for the alignment and integration of the enterprise risk management programs into business unit operations and planning. The incumbent is also responsible for the review and reporting on risk exposure, trends, emerging risks and opportunities, mitigation and outcomes. The incumbent provides recommendations to strengthen and continuously improve processes to minimize risk exposure and to enhance strategic planning. The incumbent has responsibility for research and analysis relating to emerging risks and opportunities in the industry and broader market. In addition, they support the preparation of materials for presentation to the Senior Management team, the Executive team and the Board of Directors. This position reports to the Senior Manager, Enterprise Risk Management.

KEY RESPONSIBILITIES:

-Works with identified internal clients to conduct ongoing reviews and analysis of strategic and functional risks to identify trends, minimize and mitigate enterprise risks, and support the reduction of risk exposure.
-Works with internal clients to develop risk mitigation mechanisms, plans, and measurement vehicles (including predictive indicators) to monitor and control corporate risk exposure, impact, likelihood, and frequency.
-Provides oversight and governance to ensure enterprise risk action plans are in place, communicated and understood by internal and external stakeholders, are tested, measured and monitored.
-Develops key strategic relationships internally to understand the Business Units and their requirements, so that the ERM program can best integrate into the Business Unit’s risk management practices and help them achieve their strategic goals, while considering a holistic enterprise risk-based strategic view.
-Facilitates/conducts information gathering, analysis, quarterly, annual and other enterprise risk assessments workshops, meetings with senior leaders and assigned internal clients to execute on functional requirements and to provide results/recommendations for the alignment and integration of the enterprise risk management program into the business unit operations and business planning.
-Develops tools to enhance the effectiveness of enterprise risk management processes.
-Organizes effective means of measuring the status and trends of enterprise risks and reporting upon the same.
-Undertakes research and analysis of emerging risks in the broader industry that may impact Toronto Hydro.
-Provides support to strategic projects in designing, and implementing a tailored project risk management approach, measuring their risk exposure and their ability to drive and capture opportunities consistent with the ERM program.
-Assists in strategic planning and situational analysis, and supports the preparation of presentations and materials, and follow-up actions/initiatives in support to the Senior Management team, the Executive Team and the Board of Directors meetings and organizational priorities and goals.


REQUIREMENTS:

-Undergraduate degree in Business Administration, Engineering, Accounting, Finance, Commerce, or related field.
-Five (5) or more years of experience in planning and executing operational, financial, compliance, strategic risk assessments, or enterprise risk management program activities.
-Completion of Risk Management Certificate Courses from an accredited institution or a Canadian Risk Management designation required.
-Strong understanding and practical experience of risk management best practices and standards such as ISO # : # Risk Management Guidelines, COSO ERM 2017 (Committee of Sponsoring Organizations of the Treadway Commission), and/or electricity industry Enterprise Risk Management (ERM) frameworks.
-Experience with electrical utility or other highly regulated industries is an asset.
-Proficient in risk management software and Microsoft Office Suite.
-Knowledge of sustainability risk concepts and ESG factors is an asset.
-Superior verbal and written communication skills; ability to effectively communicate ideas and influence change with internal stakeholders at all levels of the organization.
-Able to work independently and exercise strong stakeholder engagement and project management skills.
-Strong problem-solving, decision-making and analytical skills including modelling and financial costs and benefits.
-Strong organizational and time management skills, with the ability to multi-task and meet deadlines.
-Strong strategic business focus and commitment to partnering with business units to enable them to meet their objectives.


Toronto Hydro has introduced a Hybrid Work Arrangement. This position allows for remote work up to three days per week, based on business needs. Employees will be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person. You are expected to live in Ontario and within reasonable commuting distance of the office.



Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, Apply our Talent Acquisition team or call [phone]. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.