Allstate Canada Looking for Senior Risk Consultant – Model Validation at Markham, Ontario, Canada Full Time

Who is Allstate:

Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its “You’re in Good Hands®” promise.

Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.

Role Designation: Hybrid

Benefits to joining Allstate:

• Flexible Work Arrangements
• Employee discounts (15% on auto and property insurance, plus many other products and services)
• Good Office program (receive up to 400$ back after purchasing office equipment)
• Student Loan Payment Matching Program for Government Student loans
• Comprehensive Retirement Savings Program with employer matched contributions
• Annual Wellness allowance to support employees with improving health and wellbeing
• Personal reflection day
• Tuition Reimbursement
• Working within the community and giving back!

Job description:

Our team is growing, and we are actively looking to hire a Senior Risk Consultant. Reporting to the Senior Manager, Operational Risk, you will have an opportunity to improve risk management frameworks and embed risk and return in decision making processes. The Senior Risk Consultant is regarded by the Business as a Subject Matter Expert in risk management who consults with them regularly on risk matters influences and partners / collaborates with internal and external stakeholders.

Accountabilities:

• Develop and maintain strong partnership with business functions and provide expert support to help business stakeholders proactively identify, assess and monitor operational risk
• Perform operational risk assessments by leveraging data analytical and advise business stakeholders on risk mitigation strategies and track them to completion.
• Lead or assist in the development, implementation and improvement of risk management frameworks and procedures to ensure effective risk controls and mitigation
• Support the development of operational key risk indicators (KRIs), setting quantitative and qualitative risk threshold limits for key projects and conducting scenario/trend analysis and KRI benchmarking.
• Provide support in enabling effective management of operational risk at all levels by training and coaching business partners on operational risk management best practices such as developing policies and guidelines.
• Ensure that operational risk management processes are aligned and integrated with ACG’ business processes.
• Ensure operational risk requirements are implemented and monitored on a timely and comprehensive basis, ensuring compliance with regulatory (e.g.OSFI) risk management guidelines and internal risk appetite
• Support & consult on business/IT initiated Projects that require input and support by Corporate Risk Management
• Deliver governance requirements and in-depth assessment relating to Model Inventory management, model risk, model validation, artificial intelligence, data governance and Fraud Management etc.
• Project Lead for risk mitigation projects being delivered by Corporate Risk function
• Deliver optimal operational risk management reporting with appropriate risk metrics
• Assist in tracking and reporting on risk events and work/consult with the respective business units to perform root cause analysis, identify mitigating actions and track the actions to closure.
• Assist in risk assessments across the organization
• Ability to interact with different levels in the organization and to provide key messages to senior management
• Support in ad hoc tasks as assigned

Qualifications:

• Minimum 7 years’ experience in Risk Management or similar capacity with strong analytic ability
• Critical thinking and problem-solving skills
• Education or equivalent working experience: Business or technology undergraduate degree, risk management designation
• CRM or equivalent
• Business knowledge relating to Insurance Industry and associated Regulatory requirements
• Strong written and oral communication skills
• Ability to influence others
• Attention to detail

Bonus qualifications:

• Knowledge of P&C Personal Lines is an asset
• In depth knowledge and practical implementation of Risk Frameworks such as COSO are desired. Knowledge of risk management practices and oversight functions
• Knowledge in Third Party risk, Model risk, Data Governance, Artificial intelligence is an asset
• Experience leading projects is an asset
• FRM nice to have
• GRC system]
• Saas
• Python
• Generative AI
• Risk Reporting
• ServiceNow exposure or experience
• Issue Tracking
• Tableau/BI tool
• MS Office

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.