AVP, Risk

Company: Sovereign Insurance

Department:

Employment Type: Regular Full-Time

Work Model: Hybrid

Language: English is required, French is an asset.

Additional Information: This/these role(s) is/are currently vacant

At Sovereign Insurance, a wholly owned subsidiary of The Co-operators General Insurance Company, we believe that leadership is shaped by purpose, collaboration, and meaningful contribution. When you grow, we grow — your success crowns ours.

We value diverse perspectives, bold ideas, and people who lift-up others. Here, your initiative matters, and your efforts help build the resilience of the Canadian businesses and communities we serve. That shared commitment strengthens our culture and moves us forward — together.

That's the Crown Effect. Let's make it reign

The AVP, Risk and Compliance, is responsible for leading a team that provides independent, objective assurance and consulting services designed to: Strengthen the organization's internal auditing, controls and compliance structure; promote internal controls, fraud and risk awareness, and evaluate related activities; monitor/test and identify opportunities for process and control improvements; monitor compliance with applicable laws, rules and regulations; safeguard assets, and share best practices throughout the company. This role is accountable to oversee Sovereign's execution of all enterprise certification and compliance programs in the identification, testing and reporting of internal controls and provides regular reporting to senior management and the Co-operators Audit and Finance Committee. In addition, the role is responsible for championing Business Continuity Planning (BCP) and the Enterprise Risk Management program within Sovereign and oversight of building appropriate risk frameworks.

• Facilitate strategic risk management exercises with Sovereign's Executive Team, including the identification, modelling, and monitoring of top risks and emerging risks
• Develop and oversee the annual plan for Sovereign's Operational Risk Management program, including establishing processes, timelines, and best practices.
• Assess and provide an opinion on the adequacy and effectiveness of the business unit's governance, including the processes for controlling its activities and managing its risks in the areas set forth under the mission and scope of work, including potential improvements.
• Spearhead effective partnerships with other oversight functions including Enterprise Risk Management, Audit Services, Enterprise Compliance, and Information Security by appropriately aligning work and identifying synergies.
• Promote a culture of high performance and continuous improvement that values learning and a commitment to quality.

• Demonstrated knowledge of related social, political, regulatory, technological, and economic factors that impact commercial insurance business, to influence risk management practices.
• 10+ years experience in the commercial insurance industry in progressive leadership roles.
• Exceptional ability to develop cross-functional business partnerships, build consensus and successfully manage and resolve contentious issues.
• Experience introducing and leveraging compliance tools and systems.
• Ability to develop and manage complex and dynamic events during periods of significant change
• Certified Internal Auditor preferred.
• Certified Fraud Examiner (CPE) preferred.
• CIP or FCIP an asset
• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.

• You initiate new strategies to capitalize on opportunities and lead the implementation of organizational change.
• You integrate complex information to identify solutions or solve problems and apply a strategic mindset to adjust business plans.
• You foster innovation and continuous improvement with a focus on client experience.
• You create a high-performance culture through alignment of your team's work with organizational goals and successfully convey messages with a sense of positive advocacy.
• You develop others to ensure the evolving needs of the organization will be met and build effective relationships to achieve key business objectives.

• As a leader, strict confidentiality is required with respect to sensitive matters and employees' personal information
• You will be subject to a background check as a condition of employment, in the event you are the successful candidate.

• The opportunity to take on challenging work and contribute your expertise, creativity, and passion in meaningful ways.
• A comprehensive total rewards package, including competitive salary, bonus, paid time off, pension and benefits.
• A holistic approach to your well-being, with physical and mental health programs and flexible work options.
• The opportunity to work on an inclusive team who inspire each other to explore and achieve what's possible.
• A company that is committed to support the social, environmental and financial well-being of the lives, families and communities we impact.

Expected salary $142,526 - $ 237, 544

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education."