Overview

Risk Reporting Manager, Enterprise Risk Management (ERM) Job at The Economical Insurance Group – in Waterloo, ON

LOVE WHAT YOU DO

Work is a big part of our lives, so it makes sense to choose a company that offers truly rewarding work. At Economical Insurance®, your contributions, creativity, and energy won’t go to waste. Our passionate culture and pioneering mentality infuse everything we do, which is why our one-million-plus policyholders know we’ll protect their homes, businesses, farms, cars, and pets like they’re our own.

We’re not afraid to see how far we can push the envelope to make insurance better. Our family of companies includes Sonnet, the only Canadian home and auto insurer offering a fully online buying experience, and Petline, the largest Canadian pet insurance company. We’re also preparing to become a publicly traded company, a once-in-a-lifetime career opportunity for everyone who joins our team.

If you’re looking for a company that takes care of its people — and its customers — and has a track record of doing big things, get ready to love it here.

What can you expect in this role?

The Manager, Enterprise Risk Management (ERM), Risk Reporting is responsible for ERM’s risk data aggregation and risk reporting (RDARR) program to identify, assess, mitigate, govern and report on Economical’s enterprise risks. The Manager’s accountabilities support the integration of risks across the enterprise and risk interactions across risk classifications through risk data aggregation, and analysis of business and risk metrics, trends and reporting.

The Manager, also provides support to key initiatives to ensure relevant enterprise risks are identified, assessed, managed and reported on appropriately.

In delivering on the relevant enterprise risk management program, the Manager, works closely with other members of ERM, Executive Leadership Team (ELT), Business Unit heads, and management across the company and applicable subsidiaries to enhance relevant enterprise risk management processes and reporting.

Manage the Enterprise Risk Management Reporting Framework:
Manage the preparation of enterprise risk management reporting (i.e. risk appetite models and metrics, key risk indicators, and risk control self- assessments) to meet or exceed the expectations for quality and timeliness.

Integrating Basel RDARR principles into ERM’s risk reporting.

Preparation of high-quality quarterly risk reporting to management and Board committees

Development of specialized analysis, reporting and presentations on top and emerging risks for management and Board reporting, as required.

Identify trends in relevant key risk indicators and monitor action plans to address.

Design and develop new organizational dashboards and performance tools using data aggregation and visualization techniques.

Report on identified gaps and provide recommendations for improving internal control operations relating to data governance.

Develop and implement processes and tools to support the business units to capture and report relevant risk indicators and risk data on a timely basis to the expected level of quality to support enterprise risk reporting

Escalate issues on a timely basis

Support the Enterprise Risk Management program:
Conduct risk assessment interviews and workshops with the ELT and their senior leadership team to identify, and assess risks

Provide constructive challenge to validate risk assessments and mitigation plans to address risks.

Support business in the development of their risk registers.

Support ad hoc special risk projects as required.

Provide support to enhance the enterprise risk management program, policies, standards, guidelines, procedures and reporting.

Foster the awareness of the company’s risk management policies and procedures by providing on-going expert advisory and consultative support to all departments.

Research and remain current with emerging best practices in risk management, risk data aggregation, data visualization and reporting:

Research and evaluate leading and emerging industry practices and adopt continuous improvement principles to support success.

Continue to enhance enterprise risk management and reporting practices to advance program maturity.

Monitor regulatory developments and consider and implement related to enterprise risk management, risk data aggregation and risk reporting to enhance the RDARR program.

Partner with relevant subject mater experts and business units to collaborate on the development of risk data and key risk indicators that will improve the effectiveness of risk identification and assessment.

Partner with relevant subject mater experts and Technology teams to jointly design automated solutions and ensure complete, accurate, and timely reporting.

Provide support to key initiatives:
Provide second line of defence input and constructive challenge to key initiatives to support the identification, assessment, management and reporting of key initiatives such that risks remain within Economical’s risk appetite throughout the implementation and operationalizing of the key initiatives.

Support ERM’s risk assessment and reporting on key initiatives.

What do you bring to the role?

University degree or equivalent combination of education and experience in risk management, compliance, finance, data science, computer science or related analytical field.

3-5 years of related experience in risk data aggregation, compliance, internal/external audit or enterprise risk management

3-5 years audit experience in a Public Accounting firm, Management Consulting or a Public Company Internal Audit function is an asset.

Strong quantitative skills with demonstrated ability to design and create data dashboards, visualizations, or reports.

Understanding of property and causality industry is an asset.

Excellent stakeholder relationship management and influencing skills with the ability to effectively and constructively challenge stakeholders to drive appropriate risk management outcomes.

Ability to build strong relationships externally and internally with people from all levels to help foster a positive risk management culture.

Strong organizational and analytical problem-solving skills.

Excellent verbal and written communication skills.

Excellent Excel skills and proficient in Microsoft office products, SQL databases and Tableau.

Familiarity with GRC tools and reporting.

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Go ahead and expect a lot — you deserve it.

We offer:
Competitive salaries, with potential for an annual raise and bonus

Pension and savings programs, with company-matched RRSP contributions

Generous time away, including vacation and personal needs days

Paid volunteer days and company matching on charitable donations

Educational resources, tuition assistance, and paid time off to study for exams

Two annual wellness campaigns — participants earn up to $300 each year to spend on almost anything supporting health and work-life balance (think things like spa days, daycare, pet grooming)

An unlimited employee referral bonus program

Flexible work schedule

Discounts on products and services

HOW TO APPLY

To complete the online application process, you’ll need to upload your resume and cover letter in one document.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]

Visit economical.com to learn more about us and what we’re up to.

About the Company

Company: The Economical Insurance Group –

Company Location:  Waterloo, ON

Estimated Salary:

About The Economical Insurance Group -