Manager of Risk

Inuvialuit Regional Corporation; Inuvik; On-site; CAD 80,000 - 120,000; Full time

Job summary

The Inuvialuit Investment Corporation seeks a Manager of Risk to oversee $1 billion in assets. This role entails safeguarding the financial health of investments through comprehensive risk management strategies and compliance with regulatory standards. The ideal candidate will have extensive experience in the risk management field, ensuring a proactive approach towards financial sustainability.

Benefits

Competitive salary structure

Professional development opportunities

Comprehensive benefits package

Wellness benefits

Defined Contribution Pension Plan

4 weeks annual vacation

Qualifications

• Minimum 7 years of experience in risk management.
• Strong knowledge of market and operational risk.
• Proficiency in risk analytics tools.

Responsibilities

• Develop and implement risk management policies.
• Monitor and assess risks across portfolios.
• Prepare risk reports for senior management.

Skills

Risk management

Investment risk

Regulatory compliance

Education

Bachelor’s degree in Finance, Economics, Risk Management, or related field

Master’s or professional designation (CFA, FRM, etc.)

Tools

Bloomberg

MSCI RiskMetrics

MATLAB

Python

R

Job description

COMPETITION: 202548

POSITION TYPE: Indeterminate

SCHEDULE: Full-time (75 hours bi-weekly)

COMPETITION CLOSE DATE:Open Until Filled

ABOUT INUVIALUIT REGIONAL CORPORATION (IRC)

IRC was created in 1984 to represent the Inuvialuit and their rights and benefits obtained under one of Canada's oldest comprehensive land claim agreements. With assets over $1 billion, not including vast land holdings, IRC is responsible for corporate investment, land management, and a broad range of social, cultural, and economic programs and services benefiting Inuvialuit. Its subsidiaries have interests in grocery, manufacturing, property management, transportation, and significant dealings in the oil and gas industry.

Since its inception, IRC has experienced considerable growth, and its structure and operations have become increasingly complex. Combining local government and service delivery, community development, investment, and operating business divisions, all managed by a single back office, the organization has an array of complexities for the executive staff to navigate. There is an emphasis on fostering understanding, healing, and resilience in a region brimming with unique social challenges and immense potential for transformative change.

ABOUT INUVIALUIT INVESTMENT CORPORATION (IIC)

The Inuvialuit Investment Corporation (IIC) is a key subsidiary of the Inuvialuit Regional Corporation (IRC), established through the Inuvialuit Final Agreement (IFA) to manage a significant portion of the financial compensation received from the Agreement. IIC is responsible for the oversight and long-term growth of a diversified investment portfolio that includes the Inuvialuit Heritage Fund, funds held in trust for the Inuvialuit Harvesters Assistance Program, Community Corporations, and other IRC subsidiaries.

IIC’s mandate is to preserve and grow capital using prudent, risk-aware investment strategies that benefit both current and future generations of Inuvialuit. Its core functions include managing institutional relationships with external fund managers, monitoring market and credit risk, maintaining compliance with asset allocation and investment policy parameters, and reporting on investment performance and portfolio risk exposure. Through disciplined governance and a conservative approach to risk management, IIC ensures the integrity and sustainability of Inuvialuit wealth across generations.

JOB SUMMARY

The Inuvialuit Investment Corporation (IIC) manages approximately $1 Billion of investment assets for the group of companies, with about $1.7 Billion in AUM throughout the Corporation. The Manager of Risk plays a critical role in safeguarding the long-term financial health and sustainability of the Inuvialuit investment assets. This position is responsible for identifying, assessing, monitoring, and mitigating financial, operational, and strategic risks across the organization. The ideal candidate will bring deep expertise in risk management frameworks, investment risk, and regulatory compliance, with a strong understanding of the unique challenges facing sovereign wealth or pension funds.

ACCOUNTABILITIES

• Develop and implement comprehensive risk management policies, procedures, and frameworks aligned with IIC’s strategic objectives.
• Monitor and assess risks across investment portfolios, external managers, operations, and enterprise-wide activities.
• Conduct scenario analysis, stress testing, and risk modeling to evaluate potential impacts on fund performance.
• Collaborate with external partners, and investment and finance teams to ensure integrated risk oversight.
• Prepare and present risk reports to senior management, the Board, and the shareholder.
• Ensure compliance with applicable laws, regulations, and industry best practices.
• Lead risk assessments for new investment strategies, asset classes, and operational initiatives.
• Maintain and enhance the fund’s risk register and key risk indicators (KRIs).
• Support internal and external audits and regulatory examinations.
• Promote a strong risk culture throughout the organization through training and awareness initiatives

QUALIFICATIONS

Applicants must be/have:

• Bachelor’s degree in Finance, Economics, Risk Management, Actuarial Science, or a related field (Master’s or professional designation preferred: CFA, FRM, PRM, CAIA).
• Minimum 7 years of experience in risk management, preferably within a pension fund, asset management, or financial institution.
• Strong knowledge of investment risk, market risk, credit risk, and operational risk.
• Proficiency in risk analytics tools and platforms (e.g., Bloomberg, MSCI RiskMetrics, MATLAB, Python, or R).
  

PREFERRED ATTRIBUTES

• Strategic thinker with a proactive and solutions-oriented mindset.
• Ability to work independently and collaboratively in a dynamic environment.
• High ethical standards and commitment to fiduciary responsibility.

TO APPLY

Please submit your resume and cover letter by pressing the Apply for This Job button at the top right of this web page and follow the application steps.

We encourage timely submissions of applications as candidates will be actively reviewed and the interview process may begin prior to the closing date.

ADDITIONAL INFORMATION

• Priority consideration is given to beneficiaries of the Inuvialuit Final Agreement (IFA); please identify in your application if you are a beneficiary of the IFA.
• The position requires the completion of a satisfactory Criminal Record Check.
• This role is based in our Inuvik office; however, Calgary may be considered for the right candidate. Relocation support is available if required.
• An eligibility list may be established for hiring for similar positions based on performance in this competition.
• Applicants who do not meet all qualifications are encouraged to apply and may be considered for appointment at a lower level with a development plan.
• If you have a disability that requires an accommodation during any stage of our recruitment process, please contact us at [e-mail] to let us know how we can assist you.
• We would like to thank everyone in advance for applying as only those shortlisted will be contacted.
  

WHAT WE OFFER

• Competitive Salary: We recognize and reward talent with a competitive salary structure.
• Professional Development: We invest in your growth through ongoing training and development opportunities.
• Competitive Benefits: We provide eligible employees with a competitive benefits package, which includes extended health care; dental care; life, critical illness, and accident insurance; travel medical insurance; sick leave; and long-term disability.
• Wellness Benefits: We provide all employees with access to an employee and family assistance program.
• Retirement Benefits: We provide eligible employees with a Defined Contribution Pension Plan where IRC matches contributions of up to 5% of annual salary.
• Vacation benefits: We provide eligible employees with 4 weeks of annual vacation time to start.

For more information about our organization, go to https://irc.inuvialuit.com/jobs

Human ResourcesInuvialuit Regional Corporation
E-mail:[e-mail] | Telephone: [phone] | Web: irc.inuvialuit.com

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