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Senior Risk Analyst

Date: Jun 24, 2022

Location: Thornhill, ON, CA, L3T 7P7

Company: CAA Club Group

About Us

CAA Club Group (CCG) is seeking a highly-motivated individual to join our team as a Senior Risk Analyst. This is a specialist position that is accountable for supporting the development and maintenance of comprehensive processes for identifying, assessing, measuring, monitoring, reporting, and where appropriate, reducing pertinent risks in broad scope encompassing CCG, CAA Insurance, Orion Travel Insurance and Echelon Insurance Company.

Who we are

As Canada's largest automobile association, we are passionate about keeping our Members safe - whether they are on the road, at home, or travelling abroad. Meeting the diverse needs of our 2.4M+ Members requires high performing, forward thinking, and innovative people who work collaboratively to keep propelling our business forward.

Get ready to drive your career forward. Life at CAA Club Group is fast paced, performance-driven and rewarding. We value our Associates' career growth and ongoing professional development - and we regularly recognize their achievements and outstanding results.  We are caring.  We are leaders.  We are innovators.  We are collaborative. We work hard and play hard. We're about doing what's right and feeling good about it.

Position Details

What You Will Do

  • Understand CCG's environment and organizational needs to help the business identify, assess and monitor risks
  • Support management with quantitative risk assessment including stress testing, scenario testing, performing financial risk calculations (e.g. VaR, TVaR, NSFR, etc.)
  • Support management with risk assessment, assist with the development and enhancement of key risk indicators (KRIs), and monitor action plans and compliance with key regulatory requirements, and internal policies
  • Support management to develop aligned operational plans to ensure CCG has risk management capabilities and skills to support its strategic objectives and related business plans
  • Continuously improve the ERM framework, taxonomy, policies, mandates, methodologies, standards & tools based on regulatory requirements and industry best practices
  • Stay abreast of the current and emerging regulatory requirements and provide support in assessing the impact to the business and processes
  • Support the annual ORSA process for CAA Insurance, Orion and Echelon Insurance including collaboration with Actuarial, Investments, Finance, and Operations
  • Support the preparation of materials for the Executive Risk Committee meetings and Audit and Risk Committee Reports on a quarterly basis
  • Support the development and implementation of the ERM infrastructure ensuring compliance with regulatory requirements, including the championing of skills required to support ERM objectives
  • Understand the reinsurance strategies for our insurance companies including the treaties, reinsurers, and impact on capital. Support management in reinsurance renewal process and creating strategy documents.
  • Support the development of the organization’s risk appetite framework, ensuring that appropriate risk exposure metrics are included to provide coverage and that there is an effective monitoring program and escalation process in place

 

Who You Are

  • Bachelors or equivalent degree in Business Admin/Commerce/Finance/Economics/Mathematics/Data Analytics/Computer Science
  • 2+ years’ experience in a risk management related role
  • Basic understanding of Governance/Risk control frameworks and application at the 2nd Line of Defense
  • Ability to maintain strong focus on priority business outcomes and intelligent risk management in the face of internal and external pressures and competing priorities
  • Ability to cater and customize communications to suit the needs of various stakeholders
  • Strong analytical thinking and ability to approach a problem by using a logical approach and conducting risk modelling / calculations
  • Prior experience with insurance industry regulatory requirements (OSFI, FSRA, Alberta Treasury Board) is an asset
  • Risk designation or other related professional designation (e.g., CRM, CFA, FRM, CPA) or progressing towards professional designation is an asset
  • Industry accreditation (e.g., CSC, CIP, FCIP) is an asset

Our Commitment

We are an equal opportunity employer and are committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA). CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.  

As an organization we are focused on Member safety, which includes the safety and well-being of our Associates. Therefore, you must be and remain fully vaccinated as a condition of employment.