Risk Management Specialist

Equitable-C; Southwestern Ontario; Hybrid; CAD 80,000 - 110,000; Full time

Benefits offered by this job

Incentive pay

Employer-paid benefits

Pension matching

Volunteer day

Dress for your day

Job summary

Equitable, a Canadian mutual company, invites applications for a Risk Management Specialist to oversee operational and financial risk across lines of business. The hybrid role is based in Waterloo, ON, with two days in the office biweekly and one additional day per month.

You will develop risk metrics, prepare reports, and collaboratively strengthen risk practices across the organization. Ideal candidates have 3–5 years in financial services, strong Excel and Power BI skills, and the ability to

Qualifications

• Degree or diploma in finance, risk management or related analytical field.
• 3–5 years in financial services, preferably risk management, compliance, or related area.
• Advanced knowledge of Excel, Power BI, or similar data tools.
• Strong analytical and problem-solving abilities with data visualization skills.
• Excellent verbal and written communication and ability to manage priorities.

Responsibilities

• Develop and maintain risk assessment and risk metric reporting processes.
• Identify opportunities to improve risk assessment and monitoring processes.
• Collaborate with staff across the Company to ensure risk frameworks stay effective.
• Complete risk reports for CRO, Senior Risk and Capital Committee, and Risk Committee.
• Develop risk metrics and indicators for operational risk, including data collection and trend analysis.
• Lead data management and event monitoring processes for risk reporting.
• Conduct annual risk quantifications and update assumptions for growth and changes.
• Lead cross-functional risk management initiatives and document procedures.

Skills

Excel

Power BI

MS 365

Analytical skills

Cross-functional collaboration

Education

Bachelor's degree in Finance / Risk Management

Tools

Power BI

Microsoft Excel

Job description

Posted Thursday, July 30, 2026 at 4:00 AM

At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact, for our clients, our communities, and each other.

The Opportunity : At Equitable, we believe great things happen when we work together. We’re a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If you’re passionate about making a difference and growing your career in an inclusive and collaborative environment, we’d love to hear from you. Our culture is built on care, passion and curiosity. We put people above all else, strive to be our best and welcome new ideas to deliver positive outcomes.

The Risk Management Specialist assists the Director, Risk Management and Chief Risk Officer in the oversight of all risk exposures (operational, financial, business/emerging/strategic) across all lines of business, including corporate functions.

Join one of the Waterloo Area’s Top Employers for 2025 and Southwestern Ontario’s Top Employers for 2024 and be part of something that matters.

Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

What you’ll do:

• Developing and maintaining risk assessment and risk metric reporting processes that facilitate the detection and analysis of trends
• Identifying opportunities for improving risk assessment and monitoring processes
• Collaborating with staff across the Company to ensure risk management frameworks continue to be effective as the Company continues to grow and evolve
• Complete risk reports for presentation by the Chief Risk Officer to the Senior Risk and Capital Committee and the Risk Committee of the Board
• Research, develop and maintain risk metrics and key risk indicators for operational risk exposures, including data collection and management processes that facilitate the detection and analysis of trends
• Develop and maintain processes for risk event monitoring and reporting, including a data management framework that facilitates the detection and analysis of trends
• Complete annual risk quantifications for operational risks, updating assumptions and scenarios in response to emerging trends, company growth, and changes in the company’s business model
• Collaborate with risk management colleagues and other staff to maintain procedures and tools to support risk management frameworks
• Act as a subject matter expert, providing direction to staff on risk management processes and procedures
• Manage and lead initiatives to develop procedures and tools to support new risk management policies and guidelines that may be introduced to address emerging company needs and regulatory expectations
• Prepare and maintain process and user documentation for risk monitoring and reporting tools and processes
• Manage and ensure successful implementation of risk monitoring and reporting improvements, including engaging with lines of business, corporate functions, and other oversight functions as required
• Act as project manager for risk management initiatives that require coordination across multiple lines of business or corporate functions. Includes scheduling, progress tracking and reporting, and issue tracking/escalation.

What you’ll bring:

• Degree, diploma, or equivalent combination of education and experience in finance, risk management, or related analytical field.
• Minimum 3-5 years experience in the financial services industry, preferably in risk management, compliance, or related field.
• Knowledge of operational risk management practices would be an asset.
• Advanced knowledge of Excel, Power BI, or other spreadsheet / data management software.
• Strong knowledge of other Microsoft 365 applications (e.g. Word, PowerPoint, Teams, SharePoint).
• Ability to develop reliable, accurate and meaningful reports and data visualizations for senior leaders.
• Strong analytical and problem-solving skills, including ability to perform ad hoc data analysis.
• Demonstrated initiative in proactively identifying areas of improvement and acting on those opportunities.
• Excellent verbal and written communication skills.
• Strong organizational skills with ability to manage competing priorities.
• Experience collaborating and coordinating across cross-functional teams.

What’s in it for you:

• Career Growth: Regular learning sessions and developmentopportunities
• Total Rewards: Incentive pay, annual salary reviews, employer-paid benefits and pensionmatching
• Time Away: Competitive vacation plus one paid volunteer day each year
• Flexibility: Healthy work-life balance with employee wellness always top of mind, complemented by a "dress for your day" approach

At Equitable, we’re committed to fair pay and an inclusive, accessible hiring experience. If you need accommodations or alternative formats at any stage, just reach out to us at [e-mail] . We’re happy to help.
Your base pay will be based on your skills, qualifications, experience and education. In addition to your salary, this role is eligible for a discretionary annual incentive award tied to business performance, plus a wide range of competitive benefits.

This position is open and we are excited to find the right person to join our team.
As part of the recruitment process, you will need to go through background screening, as per our company policy.