Chief Risk Officer

The Chief Risk Officer (CRO) – Insurance and Association is responsible for overseeing enterprise-wide risk management, ensuring consistent risk frameworks, and independently identifying, measuring, monitoring, and reporting on risks. The CRO plays a vital role in establishing risk management policies, risk appetite, and risk reporting structures. The CRO's leadership impacts the organization's financial stability, compliance with regulatory requirements, and the promotion of a risk-aware culture throughout the organization, making this role pivotal in safeguarding the organization's success.

WHAT MOVES YOU

• You are driven by a strong work ethic and entrepreneurial spirit.
• You are eager to combine your business insights with financial and risk knowledge, strong analytical mind, and problem-solving skills to contribute to the organization.
• You are not one to make snap judgments - you look at an issue from all angles.
• Not only are you always ready to take the initiative; you’re adept at managing multiple tasks and deadlines successfully.
• Your excellent communication skills make it easy for you to connect with and support others.
• You are a strong leader who enjoys managing people and managing work.
• You are adept at understanding compliance requirements and designing efficient and effective processes.

WHAT YOU’LL DO

• Report to the CFO with accountability to the COOs of Insurance and Association.
• Participate in committees and provide reports to senior management and the Risk Committee of the Board.
• Work in partnership with Insurance and Association senior leaders to ensure risk management activities supports the strategic goals and long-term sustainability of the organization.
• Oversee the Enterprise Risk Management program for Insurance and the Association.
• Promote risk awareness and a risk culture.
• Establish and maintain risk management policies, frameworks, methodologies, processes, tools, and techniques to enable consistent and effective identification, assessment, measurement, monitoring, and reporting of risk and control related information.
• Collaborate with leadership to develop prudent risk appetites and risk limits that align with corporate strategies.
• Responsible for risk governance and regulatory risk compliance, including awareness of all new and applicable changes impacting the risk environment.
• Manage corporate insurance program.
• Oversee the Business Continuity Management (BCM) program and development and sustainment of Business Continuity Plans.
• Establish BCM best practices, skills, and mindset necessary to foster operational resiliency and allow AMA to adapt and respond quickly and effectively.
• Objective assessment and independent oversight of the Fraud Risk Management Program.
• Oversee the ongoing development and improvement of the Third-Party Risk Management program.
• Collaborate with the Chief Compliance Officer, Chief Privacy Officer, Chief Anti-Money Laundering Officer, Director Internal Audit, and CRO Bridgewater Bank to enhance risk management efficiency and effectiveness and harmonize risk management efforts across the organization.

WHAT YOU’VE DONE

• Post-secondary degree in a relevant field, preferably Business or MBA.
• Minimum ten years of management experience in a financial / risk analysis / compliance role.
• Experience in the financial industry sector, preferably with a Canadian P&C insurance company.
• Appropriate qualifications and / or professional certifications in risk management or related fields (e.g., Certified Risk Manager, Certified Risk Professional) may be an asset.
• Deep expertise in Enterprise Risk Management.

WHAT YOU'LL GET

• Outstanding employer-paid Retirement Savings Program.
• Great AMA discounts.
• Unlimited learning opportunities.
• Paid Vacation and other paid time off including Volunteer Day and Me-Day.