The Workplace Safety and Insurance Board (WSIB) helps people overcome workplace injuries and illnesses and helps business owners make their workplaces safe and healthy. Our people are at the heart of what we do. Bring your enthusiasm and expertise to the WSIB, and we’ll help you achieve your personal and professional goals through meaningful work, development opportunities and a culture of compassion, integrity and teamwork.
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Enterprise Risk Management Manager
Assist Director, Enterprise Risk Management in ensuring WSIB’s consistent adaptation of the enterprise risk management framework and applicable regulatory risk management requirements. Assist in the development, implementation and administration of enterprise wide risk management programs relating to operating risk, insurance and any class of financial risk. Provide technical expertise, advice and leadership to various WSIB stakeholders on potential risks, and determine how to avoid, reduce and/or transfer identified risks. Support, educate and train staff to build risk awareness within the organization.
KEY ACCOUNTABILITIES AND RESPONSIBILITIES
Assist Director, Enterprise Risk Management in developing, implementing and administering of the enterprise risk management framework at the WSIB:
Identify stakeholders that require information to make decisions on risks facing the WSIB and assist in establishing policies/procedures to ensure the right information is available to them
Provide input to selection of risks across groups; and implement appropriate assessment of risk and controls;
Contribute to the identification and monitoring of actions to strengthen the controls, identification of operational loss events and emerging risks
Plan, prepare and carry out risk identification and assessment workshops with business areas to identify and prioritize risks and assess the effectiveness of controls
Develop and facilitate risk management training with business areas
Develop and track sets of key risk indicators to monitor trends in the organizations’ risk profile;
Develop, implement and maintain tools and methodologies for identifying, logging, quantifying and reporting risks consistently as required;
Assess processes and strategies in place to mitigate risks, identify new ways to further enhance the business’ risk mitigation and improve the overall risk return profile
Provide Enterprise Risk Management (ERM) reporting to relevant WSIB stakeholders:
Coordinate and prepare quarterly ERM Reports for Executive Committee and the Board of Director as assigned
Develop and maintain effective communication linkages and relationships with business areas to discuss and resolve issues, and exchange information of mutual concern in relation to enterprise wide risk management
Liaise with business areas and ensure that risk monitoring, management and reporting of key risk exposures are appropriately set at the enterprise level through independent monitoring
Challenge risk/control owners’ assessments of their risks and controls on a regular basis;
Motivate business areas to manage their risks by applying the Enterprise Risk Management Policy and demonstrate the value of compliance to the policy;
Advise business areas on technical elements of risk management which involves risk identification, assessment, mitigation planning, monitoring, triggers/responses, evaluation and reporting
Assist Director, Enterprise Risk Management in managing the internal governance process for new initiatives as they relate to enterprise risk:
Participate in the Portfolio Project Management Committee as assigned;
Ensure all participants have identified the risks related to the new initiative and mitigated actions have been identified, if required;
Enhance risk analysis tools used for project submissions and reporting
PRofessional requirements and qualifications
Undergraduate degree in Business, Finance or Economics
5-7 years in the Financial or Insurance field in a similar role, Operational Risk role or Risk Management consulting role focusing on Financial Institutions
3+ years leadership role
Experience implementing a results based Corporate Risk Management Policy
Experience and knowledge with respect to the writing of Risk Policy and Risk Management Framework would be an asset
Sound and practical knowledge of enterprise risk management
Excellent knowledge of Basel III requirements and guidelines.
Deep knowledge and understanding of regulatory requirements, expectations and business strategy
As a precondition of employment, the WSIB will require a prospective candidate to undergo a criminal records name check prior to or at any time following hire.
To apply for this position, please submit your application by the closing date noted above on our Job Opportunities page: https://www.wsib.ca/en/careers
We appreciate the interest of all candidates. Due to the volumes of applications we receive, we are only able to contact candidates that are selected to move forward in the recruitment process. The WSIB is an equal opportunity employer.
The WSIB is an equal opportunity employer and provides accommodation for job applicants in accordance with the Human Rights Code and the Accessibility for Ontarians with Disabilities Act. If you are an individual with a disability and you need accommodation in order to apply for this position, please contact email@example.com. If you are invited to participate in the assessment process, please provide your accommodation needs at that time. Please be advised that you may be required to provide medical documentation to the WSIB’s Corporate Health Department so that appropriate accommodation can be provided to you throughout the recruitment process.
Employees of the WSIB have important ethical responsibilities, including the obligation to place the public interest above personal interests. Job applicants are therefore required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. These may include: political activity, directorship or other outside employment and certain personal relationships (e.g. with existing WSIB employees, clients and/or stakeholders). Please contact TAC if you have any questions about conflict of interest obligations and/ or how to make a disclosure.
Privacy Statement Personal information will be collected from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997 and will be used by the Talent Acquisition Centre and WSIB hiring parties to assess/validate your qualifications and/or determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, contact the WSIB Privacy Office, 200 Front Street West, Toronto, ON, M5V 3J1 or 416-344-5323 or 1-800-387-0750 extension 5323. Be advised that information related to application status will not be provided.
About Workplace Safety and Insurance Board (WSIB)
A career at the WSIB means you'll be part of a team that is here to help.