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Risk Management Director

1 month ago

Old Toronto, Ontario, Canada Hydroone Full time
Job Title: Risk Management Director

Hydro One is a leading electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We are committed to providing exceptional customer service and ensuring the safety of our communities.

Job Summary

We are seeking a highly skilled Risk Management Director to join our team. The successful candidate will be responsible for managing our insurance and claims functions, identifying corporate operational exposures to loss, and recommending appropriate insurance and risk transfer techniques to eliminate or reduce the impact of loss on our ability to operate at a desirable level.

Key Responsibilities
  • Manage the organization's risk management department, including risk assessment, risk mitigation, and risk transfer.
  • Develop and implement an insurance and risk management strategy that aligns with our business objectives.
  • Review and approve insurance provisions in all procurement-related contracts.
  • Advise senior management on all potential sources of accidental loss and supervise activities related to the conservation of human, financial, and physical assets.
  • Manage the organization's risk and insurance matters related to due diligence requirements associated with mergers, acquisitions, divestitures, joint ventures, and public offerings.
  • Partner with Safety and Engineering and Business unit management to coordinate internal and external safety and loss control processes.
  • Provide technical advice on insurance and risk management matters and establish methodology to allocate insurance costs.
  • Prepare annual risk and insurance budget and develop and maintain claim status/reserve reports.
Requirements
  • Proven ability to manage multiple projects simultaneously and satisfy the needs of diverse stakeholders.
  • Extensive understanding of insurance and claim processes, controls, and analysis.
  • Progressive knowledge of insurance strategies.
  • Understanding of the energy industry and ability to bring relevant strategic recommendations to senior management.
  • Technical knowledge and background in insurance claims.
  • Command of Microsoft Office products, including Outlook, Excel, Word, and PowerPoint with superior presentation abilities.
  • Bachelor's degree in finance, risk management, or business administration.
  • 10-15 years of experience in risk management, claims management, and self-insurance plans.
  • 5 years of experience in a leadership role (managing people, process, or projects).
  • Certified Risk Manager, Associate Risk Manager, or Chartered Insurance Professional designation.