Risk Analyst

Millennium Insurance Corporation; Sherwood Park; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Risk Analyst to join their dynamic team. This role involves conducting risk assessments, analyzing data, and preparing reports to support various business units. You will partner with process owners to identify key risk indicators and enhance risk management processes. With a commitment to employee growth and a collaborative environment, this organization offers hybrid work options and numerous perks, making it an excellent place to advance your career in the insurance industry. If you are passionate about risk management and eager to contribute to a thriving team, this opportunity is for you.

Benefits

Earned Time-Off Program

Group Retirement Savings Plan

On-site gym

Educational assistance

Health and Wellness spending account

Employee Assistance Program

Employee discount programs

Diversity and inclusion programs

Employee recognition events

Qualifications

• 2-5 years experience as a Risk Analyst/Specialist in insurance or related field.
• Strong knowledge of ERM principles and methodologies.

Responsibilities

• Conduct risk assessments and analyze data for risk exposure.
• Support Risk Management projects and enhance controls.

Skills

Data Analysis

Risk Management

Verbal Communication

Written Communication

Organizational Skills

Education

Bachelor’s degree in Business Administration

Bachelor’s degree in Economics

Bachelor’s degree in Risk Management

Tools

Risk Management Software

Office365

Job description

First Canadian is a national organization and we are experiencing unprecedented growth!

We aim to hire bright, hard-working people who share our values. We seek employees who are committed to learning, career growth, and opportunity. We take pride in being an organization that our employees support long-term. We believe in our employees and celebrate their success by asking for employee opinions and feedback so that we continue to be a Great Place to Work.

We award our team with the following:

• Off work 1 hour early on Fridays.
• Earned Time-Off Program and vacation.
• Group Retirement Savings Plan with employer match.
• Hybrid work options may be available (2 days per week).
• On-site gym including free weekly classes with a qualified trainer.
• Newly renovated facility with ergonomic desks/chairs.
• Educational assistance and career development.
• Employee benefits.
• Health and Wellness spending account.
• Employee Assistance Program (EAP).
• Employee discount programs.
• A Culture Team dedicated to diversity, inclusion, and employee programs.
• Employee recognition and appreciation events.
• French is not required for this role but is an asset, an uplift of 5% is applied after the probationary period for qualified professional level French bilingualism (both spoken and written).

Check out our company page for all the information on why we believe First Canadian is an employer of choice!

If you are motivated to succeed by helping people, then this is the opportunity for you!

Under the direction of the Chief Risk Officer - Alberta, Risk Analyst – Alberta supports the CRO - AB by gaining an in-depth understanding of the organization and its business units to conduct risk assessments, analyze data, and prepare reports on risk exposure and trends. This role is complex as it supports multiple business groups and requires comprehensive knowledge of enterprise risk management in the insurance industry (or related field). This role would be shared between First Canadian Insurance Corporation and Millennium Insurance Corporation.

Responsibilities:

• Perform analyses, identify trends, and create reporting for internal and external use, including for the company's Risk Management.
• Assists in risk-rating of quantitative models.
• Assists business units in the enhancement of controls, monitoring and performance measurement, as necessary.
• Support Risk Management projects and initiatives to drive improvements to key processes and controls.
• Assist with processes for assigned enterprise risk programs, including designing and launching workflows, tracking status, following up with users to ensure task completion, and reporting status and results.
• Partner with process owners to identify, assess, monitor, measure, and report on various key risk indicators.
• Develop, implement, monitor, and manage market, credit, liquidity, regulatory/compliance, and operational risk mitigation programs for the enterprise.
• Conduct risk evaluations of third-party service providers and ensure appropriate due diligence is performed to identify, mitigate, and maintain ongoing awareness of risks.
• Perform analysis of proposed new products to ensure new initiatives commence in a manner that minimizes risk to the organization.
• Support business areas with day-to-day risk/compliance questions regarding business processes.
• Identify parts of the business that require or would benefit from formalized or improved business processes/controls and assist with development and implementation of such process/control enhancements.
• Partner with business areas to evaluate process or control breakdowns (including root cause analysis).
• Assist in development and improvement of operational policies, procedures, and guidelines that support key business functions and include appropriate internal controls.
• Perform testing to monitor ongoing compliance with company policies and procedures.
• Coordinate and support business areas with internal/external audits, including resolution of issues.
• Identify gaps in market risk reporting processes, both qualitatively and procedurally.
• Coordinates Operational Risk Committee meeting materials and disseminates to Committee members.
• Ensure report and analytics production to successful On time/ On Scope/ On Budget delivery.
• Other duties as assigned.

Qualifications:

• Bachelor’s degree in Business Administration, Economics, Risk Management, or a related field is required.
• Minimum of 2-5 years as a Risk Analyst/Specialist (ERM), preferably in insurance or a related field is required.
• Professional certifications (e.g., CRM, RIMS-CRMP, CPCU, or equivalent) are an asset.
• Strong knowledge of ERM principles, methodologies, and best practices.
• Proficiency in data analysis, risk modeling tools, and risk reporting using risk management software and Office365 solutions.
• Familiarity with insurance industry operations, products, and regulatory requirements.
• Excellent organizational skills, with the ability to manage multiple priorities and meet deadlines.
• Fluent in English with proven competencies in verbal and written communication is required.
• Fluent in French with proven competencies in verbal and written communication is an asset.
• Successful completion of a credit check, criminal background check, education verification, and employment reference checks is required before employment.

Thank you for considering our organization.

If you are bilingual there will be a French and English assessment as a part of the recruitment process.

We are an equal opportunities employer and welcome applications from all suitably qualified persons. Accommodations are available upon request.