Manager, Enterprise Risk Management, Risk Reporting

Definity Financial Corporation; Toronto; On-site; CAD 77,000 - 142,000; Full time

Job summary

Join a forward-thinking company as a Manager in Enterprise Risk Management, where you will lead risk data aggregation and reporting initiatives. In this pivotal role, you will collaborate with executive leadership and business units to enhance risk management processes and ensure timely reporting on enterprise risks. Your expertise in risk assessment, data visualization, and stakeholder engagement will drive the success of key initiatives and support a positive risk culture. This is an exciting opportunity to make a significant impact in a dynamic environment focused on innovation and customer-centric solutions.

Qualifications

• 3-5 years of experience in risk data aggregation and enterprise risk management.
• Strong quantitative skills with experience in data dashboards and visualizations.

Responsibilities

• Manage enterprise risk reporting and prepare high-quality reports for management.
• Conduct risk assessments and support business units in risk management initiatives.

Skills

Risk Management

Data Aggregation

Stakeholder Relationship Management

Analytical Problem-Solving

Communication Skills

Quantitative Skills

Organizational Skills

Education

University Degree in Risk Management or Related Field

Experience in Compliance or Finance

Tools

Microsoft Excel

SQL Databases

Tableau

GRC Tools

Job description

The Manager, Enterprise Risk Management (ERM), Risk Reporting is responsible for ERM’s risk data aggregation and risk reporting (RDARR) program to identify, assess, mitigate, govern and report on Definity's enterprise risks. The Manager’s accountabilities support the integration of risks across the enterprise and risk interactions across risks through risk data aggregation, and analysis of business and key risk indicators, trends and reporting.

The Manager also provides support to key initiatives to ensure relevant enterprise risks are identified, assessed, managed and reported on appropriately.

In delivering on the relevant enterprise risk management program, the Manager works closely with other members of ERM, Executive Leadership Team (ELT), Business Unit heads, and management across the company and applicable subsidiaries to enhance relevant enterprise risk management processes and reporting.

RESPONSIBILITIES

Manage the Enterprise Risk Management Reporting Framework:

• Manage the preparation of enterprise risk management reporting (i.e. risk appetite models and metrics, key risk indicators, and risk control self-assessments) to meet or exceed the expectations for quality and timeliness.
• Integrate Basel RDARR principles into ERM’s risk reporting.
• Prepare high-quality quarterly risk reporting to management and Board committees.
• Develop specialized analysis, reporting and presentations on top and emerging risks for management and Board reporting, as required.
• Identify trends in relevant key risk indicators and monitor action plans to address.
• Design and develop new organizational dashboards and performance tools using data aggregation and visualization techniques.
• Report on identified gaps and provide recommendations for improving internal control operations relating to data governance.
• Develop and implement processes and tools to support the business units to capture and report relevant risk indicators and risk data on a timely basis to the expected level of quality to support enterprise risk reporting.
• Escalate issues on a timely basis.

Support the Enterprise Risk Management program:

• Conduct risk assessment interviews and workshops with the ELT and their senior leadership team to identify and assess risks.
• Provide constructive challenge to validate risk assessments and mitigation plans to address risks.
• Support business in the development of their risk registers, risks, key risk indicators and mitigation plans.
• Support ad hoc special risk projects as required.
• Provide support to enhance the enterprise risk management program, policies, standards, guidelines, procedures, reporting and training.
• Foster the awareness of the company's risk management policies and procedures by providing ongoing expert advisory and consultative support to all departments.

Research and remain current with emerging best practices in risk management, risk data aggregation, data visualization and reporting:

• Research and evaluate leading and emerging industry practices and adopt continuous improvement principles to support success.
• Continue to enhance enterprise risk management and reporting practices to advance program maturity.
• Monitor regulatory developments and consider and implement related changes to enterprise risk management, risk data aggregation and risk reporting to enhance the RDARR program.
• Partner with relevant subject matter experts and business units to collaborate on the development of risk data and key risk indicators that will improve the effectiveness of risk identification and assessment.
• Partner with relevant subject matter experts and Technology teams to jointly design automated solutions and ensure complete, accurate, and timely reporting.

Support the Policy Governance program:

• Responsible for the maintenance of the corporate policies register and road map and reporting.
• Responsible for initiating policy review and update as per the policy register.
• Responsible for the policy exception and policy risk acceptance process to help ensure that risks remain within Definity's risk appetite.
• Research on emerging risks and regulatory policy requirements to support the creation and implementation of required policies.

Provide support to key initiatives and Corporate Insurance Program:

• Provide second line of defence input and constructive challenge to key initiatives to support the identification, assessment, management and reporting of key initiatives such that risks remain within Definity's risk appetite throughout the implementation and operationalizing of the key initiatives.
• Support ERM's risk assessment and reporting on key initiatives and the Corporate Insurance Program.

REQUIREMENTS

• University degree or equivalent combination of education and experience in risk management, compliance, finance, data science, computer science or related analytical field.
• 3-5 years of related experience in risk data aggregation, compliance, internal/external audit or enterprise risk management.
• 3-5 years audit experience in a Public Accounting firm, Management Consulting or a Public Company Internal Audit function is an asset.
• Strong quantitative skills with demonstrated ability to design and create data dashboards, visualizations, or reports.
• Understanding of property and casualty industry is an asset.
• Excellent stakeholder relationship management and influencing skills with the ability to effectively and constructively challenge stakeholders to drive appropriate risk management outcomes.
• Ability to build strong relationships externally and internally with people from all levels to help foster a positive risk management culture.
• Strong organizational and analytical problem-solving skills.
• Excellent verbal and written communication skills.
• Excellent Excel skills and proficient in Microsoft office products, SQL databases and Tableau.
• Familiarity with GRC tools and reporting.

At Definity, we all work together to come up with big ideas — then bring them to life. We focus on our customers first, we bring our best, and we’re stronger together. If you’ve got the passion and the desire to help us reinvent insurance, let’s talk.

Salary Range: $77,100 - $142,000