Senior Risk Analyst Job in Toronto for Wawanesa Insurance | Jobs.ca
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Senior Risk Analyst

June 9 2021
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Credit, Risk
Toronto, ON

Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,500 employees, Wawanesa proudly serves over two million policyholders in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience, advancement on a growing team.

Job Overview

Working under minimal supervision, the Senior Risk Analyst supports all aspects of the enterprise-wide risk management program through facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization.

Job Responsibilities

  • Monitor key risk and performance indicators against risk appetite and limits thresholds and report breaches as per policy and framework
  • Review risk appetite statements and related key risk and performance indicators and propose updates as needed
  • Maintain company’s risk taxonomy and risk register, review periodically and recommend changes
  • Collect internal and external risk information
  • Analyze collected data to bring consistent practices across the organization and identify areas that need further risk mitigation
  • Provide guidance to business users in the identification, assessment, management and resolution of risk challenges
  • Maintain issues management log and work with risk owners to ensure timely resolution
  • Escalate risk related issues to the Manager, Enterprise Risk Management as per policy and framework
  • Participate in scenario design and help facilitate workshops with the business for scenario analysis
  • Research operational losses within the industry, system, and organization to better understand and measure the likelihood and impact of such losses in the future.
  • Participate in preparation of risk reporting by capturing and aggregating results from the key risk processes to be presented to the relevant Committees
  • Provide support for ad hoc projects related to Enterprise and Operation Risk Management framework, on an as needed basis.
  • Maintain current and detailed knowledge of operational and enterprise risk issues including awareness of domestic and international legislation, regulations and guidance, insurance industry trends and initiatives, best practices, and implementation of these practices.
  • Perform other duties as assigned

Qualifications

  • Minimum 5 years of relevant experience in risk management, operations, project management, analytics, audit or a related role for a large-scale business, preferably in the P&C insurance industry.
  • University degree in business administration, management information system, mathematics, finance, economics or a related field of study required.
  • Strong analytical and problem solving skills
  • Strong computer skills including Microsoft Office
  • Strong planning and organizational skills with the ability to multitask and prioritize effectively.
  • Strong communication, presentation and technical writing skills to describe ideas, concepts and issues that involve interpretation, analysis and assessment of complex conceptual topics
  • Ability to manage key stakeholder relationships across the enterprise
  • Ability to visualize business processes
  • Work effectively as a team player
  • Good knowledge of risk management practices considered an asset
  • Experience in Finance and Insurance industries, as well as knowledge of the regulatory compliance standards considered an asset.

Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals. Our full-time permanent employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, annual bonus plan, premium free benefits and a pension plan). Wawanesa provides a stable environment for its employees in today’s challenging markets. We’re also proud to give our employees in Canada the flexibility to choose how and where they want to work. Options in most roles include work from the office, from home, or a hybrid mix of time spent at both.

Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual’s protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Accommodations are available upon request throughout all aspects of the selection process. Candidates requiring accommodations may contact, in confidence, jobs@wawanesa.com.


If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.

Apply now!