Director - Insurance & Enterprise Risk

2 days ago


Old Toronto, Canada Scotiabank Full time
h3>Title: Director, Corporate Risk Management and Insurance

Requisition ID: 211179

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Director, Corporate Risk Management and Insurance is part of the Risk Oversight Reporting team in Enterprise Risk Management reporting to the VP, Risk Oversight Reporting to manage insurable and insurance risks at the enterprise level.

Is this role right for you? In this role, you will:

  • Oversee and manage the Global Insurance Program and self-insurance program through three transits ($13 million budget annually), including the renewal/procurement process, review of insurance binders, policies, and endorsements upon renewal to ensure accuracy, completeness, and consistency, and partnership with E.li>
  • Ensure compliance with governing regulations and internal policies and procedures.
  • Manage third-party risk by providing guidance and recommendations with the review of insurance schedules in vendor/supplier agreements, leases, and other documents as required.
  • Provide annual reports to key stakeholders, subsidiaries, board members, and regulatory authorities of the Global Insurance Program.
  • Prepare related party transactions reporting for regulatory compliance.
  • Oversee the Bank’s insurance business stress testing and provide advice and counsel on insurance risk-related items to insurance subsidiaries.
  • Continuously lead the strategy to identify optimal risk transfer solutions and/or integration into the Global Insurance Program.
  • Develop and maintain the Bank’s Insurance Risk Appetite Metrics, Insurance Risk Management Policy, and relevant guidelines; ensure the implementation of such metrics, policies and guidelines across all insurance and reinsurance subsidiaries.
  • Active voting member and Co-Chair of the Insurance Risk Committee.
  • Champions a high-performance environment and contributes to an inclusive work environment.
  • Participates in other enterprise risk activities as required.


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