Auto Insurance Accreditation Program and Risk Management Lead

3 weeks ago


Toronto, Ontario, Canada Financial Services Regulatory Authority of Ontario Full time

**Job Summary**

The Financial Services Regulatory Authority of Ontario (FSRA) is seeking a highly skilled and experienced professional to lead the development, implementation, and ongoing management of the auto insurance accreditation assessment framework.

Key Responsibilities:

  1. Manage the delivery of the auto insurance accreditation program, ensuring consistency with overall operational risk supervision performance measures, standards, and best practices.
  2. Provide leadership in formulating strategy and developing tactics to support FSRA's auto insurance rating and underwriting regulation reform.
  3. Lead the strategic direction and regulatory operations of the auto insurance accreditation assessment framework, ensuring the effective development, execution, and ongoing management of the auto insurance accreditation program and its accompanying supervisory manual.
  4. Provide expertise and advice to FSRA management and staff on operational or program issues impacting the achievement of auto insurance operational risk supervision directions.
  5. Manage the delivery of the accreditation program lifecycle, including intake, assessment, and evaluation of applications, as well as the decision-making process for accreditation status.
  6. Focus on fair consumer outcomes, governance and controls, data and model risk management by overseeing and facilitating comprehensive assessments of regulatory focus areas.

Qualifications:

  1. Bachelor's degree in insurance operations, operational risk management, governance and controls, internal audit, compliance, or a related field.
  2. 6-8 years of experience in P&C insurance industry planning and managing areas of compliance, operational risk management, or regulation processes.
  3. Expertise in auto insurance products and regulations is required.


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