Risk Management Specialist

1 week ago

Markham, Ontario, Canada Aviva Full time

**About the Role**

Aviva is seeking a highly skilled Risk Management Specialist to join our Third Party Risk Management team. As a Risk Management Specialist, you will play a critical role in managing operational execution of due diligence activities for select risk domains, managing and mitigating risks identified during associated tasks.

**Key Responsibilities**

  • Manage and support operational execution for our centralized risk domains (concentration risk, operational resilience & subcontractor risk).
  • Conduct due diligence assessments in cooperation with risk partners.
  • Develop and track remediation plans based on outcomes of due diligence, working with Business Users to track completion.
  • Provide data and/or other feedback as required to risk collaborators on execution of risk area activities and on risk assessments for tracking and monitoring by TPRM Support/Coordinator role where required.
  • Manage TPRM program monitoring responsibilities which include identifying, reporting and mitigating existing risk as well as any potential risk exposure.
  • Develop reports for use by business areas and senior management regarding third-party risks.
  • Identify and advance key items of concern regarding new and existing current third-parties, including the potential of concentration risk and fourth-party risk exposures.
  • Support the cross-functional community of practice for third and fourth-party risk.
  • Support in other strategic projects or priorities as defined.

**Requirements**

  • Diploma or degree in business, economics, finance or other related field or equivalent experience.
  • Three to five years of relevant enterprise and/or operational risk management experience, preferably in the property/casualty insurance or related industry.
  • Risk management qualifications or equivalent.
  • Understanding of risk management principles, methodologies, and frameworks with deep understanding of third-party risk subject matter, particularly in operational resilience, subcontractors, and concentration risk.
  • Understanding of core vendor management and procurement activities and principles.
  • Data analytical skills including proficiencies in Excel and/or additional data reporting tools.
  • Effective communication skills including ability to draw insights from data analysis and risk outcomes.
  • Strong understanding of relevant regulations and industry standards related to TPRM guidelines.
  • Ability to form and maintain professional relationships, collaborate and work effectively with key internal collaborators.
  • Experience working with vendor risk management software solutions, specifically with SAP Ariba Risk, Archer, and Logigate management platforms would be considered an asset.

**What We Offer**

  • Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
  • Outstanding Career Development opportunities.
  • We'll support your professional development education.
  • Competitive vacation package with the option to purchase 5 extra days off per year.
  • Employee-driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion.
  • Corporate wellness programs to support our employees' physical and mental health.
  • Hybrid flexible work model.

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