Enterprise Risk Management Manager

**Major Responsibilities**:

- 1. Assist Director, Enterprise Risk Management in developing, implementing and administering the enterprise risk management framework at the WSIB:_
- _Identify stakeholders that require information to make decisions on risks facing the WSIB and ensure the right information is available to them in making risk-informed decisions;_
- _Contribute to the identification and monitoring of actions to strengthen the controls, identification of potential loss events and emerging risks (both internal and external);_
- _Plan, prepare and carry out risk identification and assessment workshops with business areas to identify and prioritize risks and assess the effectiveness of controls;_
- _Develop and facilitate risk management training with business areas_
- _Develop, implement and maintain tools and methodologies for identifying, logging, quantifying and reporting risks consistently as required;_
- _Design, implement and optimize the use of risk metrics and of governance risk and compliance technology and tools to enable automation, simplify risk management, and advance data-driven risk management_
- _Assess processes and strategies in place to mitigate risks, identify new ways to further enhance the business’ risk mitigation and improve the overall risk return profile._
- 2. Provide Enterprise Risk Management (ERM) reporting to relevant WSIB stakeholders:_
- _Coordinate and prepare quarterly ERM Reports for Executive Committee and the Governance Committee of the Board of Directors as assigned._
- 3. Develop and maintain effective communication linkages and relationships with business areas to discuss and resolve issues and exchange information of mutual concern in relation to enterprise wide risk management. Act as a trusted risk advisor to the business areas to facilitate meaningful dialogue around risks associated with significant enterprise decisions._
- _Liaise with business areas and ensure that risk monitoring, management and reporting of key risk exposures are appropriately set at the enterprise level through independent monitoring;_
- _Consult to risk/control owners’ around the identification, assessment, and mitigation of risks on an ongoing basis;_
- _Advise business areas on technical elements of risk management which involves risk identification, assessment, mitigation planning, monitoring, triggers/responses, evaluation and reporting._
- 4. Assist Director, Enterprise Risk Management, and, Senior Director, Corporate Risk Management Services in managing the internal governance process for new initiatives as they relate to enterprise risk:_
- _Participate in the Portfolio Governance Committee as assigned;_
- _Ensure all participants have identified the risks related to the new initiative and mitigated actions have been identified, if required;_
- _Enhance risk analysis tools used for project submissions and reporting_

**Job Requirements**:

- 1) Education requirements:_

**_ Minimum Level Required_**
- _Undergraduate degree in Business, Finance or Economics_

**_ Preferred Level_**
- _Master’s degree in Business, Finance or Economics_
- _Canadian Risk Management (CRM), Fellow in Risk Management (FRM) or RIMS Fellow (RF) designation_
- 2) Experience:_

**_ Minimum Level Required_**
- _5-7 years in the Financial or Insurance field in a similar role, Operational Risk role or Risk Management consulting role focusing on Financial Institutions_
- _3+ years leadership role_
- _Experience implementing a orporate risk management framework and policy_
- _Experience developing and implementing risk measures to quantify and predict risks using data._
- _Experience developing, implementing and using a Governance, Risk and Compliance (GRC) management tool in a comparator organization._
- _Sound and practical knowledge of enterprise risk management and business strategy_
- _Personal effectiveness (flexible, adaptable, self-confident, decisive)_
- _Problem solving, analysis, judgment, analytical skills, experience with developing quantitative risk models_
- _Ability to deliver (initiative, perseverance, energetic and process improvement skills)_
- _Interpersonal Savvy (listening skills and empathy, strong written and presentation skills)_

**_ Preferred Level_**
- _7-10 years in the Financial or Insurance field in a similar role, Operational Risk or Risk Management consulting role focusing on Financial Institutions_
- _3+ years leadership role_
- _Same as minimum_

**Our commitment to equity, diversity and inclusion**

We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.

Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential

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