Senior Risk Analyst

Senior Risk Analyst

Department: Legal & Compliance

Employment Type: Permanent - Full Time

Location: Waterloo, ON

Description
What we do every day to be our very best

Every day at Securian Canada means a day spent helping Canadians and their families build secure tomorrows. We're agile and innovative, and we aren't afraid to challenge and create, or bring diverse perspectives to our work.

Who we need

The Senior Risk Analyst plays a key role in strengthening Securian Canada's overall risk posture. In this role, you will proactively identify, assess, monitor, and help mitigate internal and external risks, ensuring they align with Securian Canada's Risk Appetite, as well as its risk framework, policies, and guidelines.

You will work collaboratively with internal and external stakeholders to promote a strong risk culture, enhance governance, and support operational resilience across the organization.

What you will do

• Lead and coordinate the identification, assessment, monitoring, and reporting of enterprise and operational risks, issues, and events. This includes risk control self-assessments, incident reviews, stress-testing scenarios, and other core Enterprise and Operational Risk Management activities;
• Oversee third-party risk management across the full vendor lifecycle, ensuring alignment with internal frameworks, policies, and standards;
• Lead the third-party due diligence process by coordinating security reviews, vendor questionnaires, and assessments in collaboration with vendors, Third-Party Risk Management, and business owners;
• Participate in vendor meetings to evaluate new and existing vendors, support issue resolution, and monitor emerging risks or trends in accordance with the Third-Party Risk Management (TPRM) Framework;
• Develop and/or support the implementation of service agreements (SLAs), service level objectives (SLOs), KPIs and other contractual mechanisms to manage risk, ensure service continuity, and enhance operational effectiveness;
• Monitor and test TPRM processes to ensure alignment with the Enterprise Risk Management Framework, including operational resilience and cyber risk oversight;
• Exercise sound judgment and discretion in managing confidential information, stakeholder communications, and escalation of issues when appropriate;
• Administer the third-party risk management system, including subscription/service renewals, verification of service requirements, and maintenance of user access and profiles;
• Prepare, update, and report third-party risk indicators and performance metrics (KPIs) on a quarterly and annual basis for senior leadership.

What you will bring Education and Experience

• Bachelor's degree or college diploma in business, finance, or a related field;
• 4-7 years of experience in sourcing, procurement, or risk management, ideally within the insurance or financial services industry;
• Experience in enterprise or operational risk management in either the first or second line of defense;

Technical Knowledge

• Advanced understanding of industry practices, regulatory expectations, and emerging trends, including OSFI Guidelines E-21 and B-10;
• Strong ability to work with multiple systems and manage third-party risk platforms;

Core Competencies

• Exceptional interpersonal and client service skills; comfortable engaging with senior executives, internal stakeholders, vendors, and external partners;
• Excellent verbal and written communication skills, with the ability to influence and gain cooperation without direct authority;
• Demonstrated discretion, professionalism, and ability to manage confidential or sensitive information;
• Strong analytical thinking, attention to detail, and accuracy in risk assessment and reporting;

Work Style and Attributes

• Self-starter with excellent organizational and time-management skills; able to work independently with minimal supervision;
• Agile, practical, and results-oriented with the ability to prioritize and perform under pressure in a fast-paced environment;
• Creative problem solver and fast learner with the ability to manage multiple priorities;
• Strong relationship-building skills and a high level of service orientation.

Why join? When you're a part of Securian Canada, you're a member of an agile and innovative, high-performing, bright-thinking, make-things-happen culture – so that together, we can discover the art of possible. 

At our company, we see your potential on day one and challenge you to grow your unique strengths as you create a career filled with opportunity, collaboration, and purpose. 

You'll also be part of a team that's committed to diversity, equity, and inclusion, and who values diverse perspectives, so that you can be the person you want to be – both in, and outside, work.

Securian Canada offers a competitive total rewards program with a variety of perks and benefits, including:

• Flexible work arrangements with monthly financial allocations to support your work-life balance; 
• Generous starting paid vacation time, plus additional vacation days for every year of service;
• Paid volunteer day so you can dedicate time to a cause you are passionate about; 
• Paid personal and wellness days to support your total wellbeing;  
• Educational assistance of up to $3,500 a year (with approval from your manager);
• Flexible health and wellness account (in addition to comprehensive drug and dental coverage) to help pay for a wide range of wellbeing services that are meaningful to you; 
• Up to 14% of combined contributions to the RRSP matching program; 
• Family-friendly maternity/parental leave and, 
• Many more benefits, perks and programs.

If you have at least 70% of the qualifications we're looking for, want to work in a fast-growing, leading and progressive company, and feel driven to help Canadians and their families build secure futures – we want to hear from you 

Take the first step in building your future with Securian Canada. Apply now.

Securian Canada is committed to providing a barrier-free work environment and equal access to employment for all qualified applicants. As such, upon request, Securian Canada will work with applicants that require reasonable accommodations during the recruitment process. Please contact for accommodation requests. All information shared during any accommodation request process will be stored and used only in a manner that is consistent with applicable laws and Securian Canada/Canadian Premier Life Insurance Company policies.

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