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Director Insurance & Risk Management Jobs in Toronto, ON

Deloitte

Director, Risk Management

Toronto, ON · Hybrid

CA$140K - CA$260K/yr

As a member of the leadership team you will spend your time helping manage the risk for the service line. This will involve assisting with strategic initiatives for the Risk Team to help drive for ...

BGIS

Manager, Global Risk Management

Toronto, ON · On-site

$82.43 - $103.04/hr

Overview The Manager, Global Risk Management leads the global insurance program, supporting all regional entities and is responsible for claims management and loss prevention programs. They will ...

Mace

Risk Director

Toronto, ON

You will lead on the cost management services including estimating, procurement and cost planning ... Accountable for the risk management performance of all service delivery for their assigned Hub(s)

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All JobsInsurance & Risk Management JobsDirector Insurance & Risk Management JobsDirector Insurance & Risk Management Jobs in Toronto, ON

Director Insurance Risk Management information

See Toronto, ON salary details

$25.3K

$90.7K

$167K

How much do director insurance & risk management jobs pay per year?

As of Jul 13, 2026, the average yearly pay for director insurance & risk management in Toronto, ON is $90,749.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,260.00 and $121,201.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Director Insurance & Risk Management position, and why are they important?

To thrive as a Director Insurance & Risk Management, you need expertise in risk assessment, insurance portfolio management, and financial analysis, typically supported by a degree in finance, business, or related fields. Familiarity with risk management information systems (RMIS), claims management software, and professional certifications such as CPCU or ARM is highly advantageous. Strong leadership, negotiation skills, and the ability to communicate complex concepts to non-experts help you stand out in this position. These skills are vital to effectively identify, mitigate, and manage organizational risks while safeguarding company assets and ensuring regulatory compliance.

What is a Director Insurance & Risk Management job?

A Director of Insurance & Risk Management is responsible for overseeing an organization's insurance programs and risk management strategies. They assess potential risks, develop policies to mitigate them, and ensure compliance with regulations. Their role includes negotiating insurance coverage, managing claims, and advising executives on financial and operational risks. This position requires strong analytical skills, industry knowledge, and the ability to implement risk-reduction strategies effectively.

What are the typical challenges faced by a Director Insurance & Risk Management, and how can you address them?

Directors of Insurance & Risk Management often face challenges such as balancing cost control with adequate insurance coverage, staying updated on evolving regulations, and managing claims efficiently. Addressing these challenges requires proactive risk assessment, close collaboration with internal stakeholders, and building strong relationships with brokers and insurance carriers. Successful professionals in this role remain adaptable to shifting business landscapes and continuously seek out innovative risk mitigation strategies. Utilizing data-driven insights and effective communication within cross-functional teams can also help overcome common hurdles in the role.

What are popular job titles related to Director Insurance & Risk Management jobs in Toronto, ON? For Director Insurance & Risk Management jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Director Insurance & Risk Management jobs in Toronto, ON look for? The top searched job categories for Director Insurance & Risk Management jobs in Toronto, ON are:
What cities near Toronto, ON are hiring for Director Insurance & Risk Management jobs? Cities near Toronto, ON with the most Director Insurance & Risk Management job openings:
Director Insurance Risk Management jobs near you
Infographic showing various Director Insurance & Risk Management job openings in Toronto, ON as of July 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 96% In-person, and 4% Remote job distribution, with an average salary of $90,749 per year, or $43.6 per hour.

Director, Insurance and Advisor Compliance

The Canada Life Assurance Company

Toronto, ON • On-site

Other

Medical, Dental, Life, Retirement

Posted 6 days ago

Job description

Permanent Full Time 

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We are looking for a Director, Insurance and Advisor Compliance to join the Insurance Solutions Business Risk and Controls team.

The Director, Insurance and Advisor Compliance is responsible for leading a team of compliance professionals supporting Insurance Solutions. This role requires a strong people leader with a proven ability to develop high-performing teams, lead change, and foster collaboration across diverse stakeholder groups to drive accountability and execution in a highly regulated environment.

Reporting to the AVP, Business Risk & Controls, the Director is accountable for ensuring the effective management of regulatory compliance risk across insurance products, advisor and distribution channels, and business operations. The role provides strategic leadership and subject matter expertise on regulatory requirements, drives the implementation of compliance programs and controls, and partners with business leaders to foster a strong culture of compliance, support sound business decisions, and protect the organization from regulatory and reputational risk.

Given the size and scope of our organization, we have the flexibility for this position to be located in one of the following head office locations: Toronto, London, or Winnipeg.

What you will do

  • Lead and influence through change, driving accountability, prioritization, and execution across teams while fostering strong partnerships within a matrixed organization.
  • Lead and maintain effective insurance and advisor compliance programs, ensuring alignment with company standards, regulatory requirements, and market conduct expectations.
  • Assess regulatory developments, identify business impacts and compliance gaps, and support business stakeholders in implementing solutions, controls, and business practices to meet regulatory requirements.
  • Lead advisor oversight programs, including advisor suitability reviews, Advisor Practice Reviews, Managing General Agency (MGA) and National Account assessments, due diligence reviews, and remediation efforts to promote strong advisor conduct and adherence to regulatory and company standards.
  • Collaborate with Insurance Operations, Distribution, and Product teams to design, implement, and document key controls; identify and remediate control gaps, monitor remediation progress, and provide status reporting to senior leadership and compliance partners.
  • Stay current with regulatory developments and upcoming changes to ensure internal policies and procedures remain up to date.
  • Support advisor compliance, breaches, queries, complaints, and control activities, providing strategic direction and guidance to the team.
  • Communicate with regulatory bodies as needed and assist with internal and external reviews.
  • Identify opportunities to enhance program effectiveness and lead compliance awareness initiatives for advisors, distribution partners, and business teams.
  • Support governance committees, including the Insurance Risk and Compliance Committee (RCC) and the Advisor Market Conduct Oversight Committee (AMCO), through reporting, issue escalation, monitoring advisor conduct matters, and overseeing remediation activities.
  • Lead, coach, and develop a team, including leadership-level and individual contributor roles. Foster a high-performance culture through effective coaching, mentoring, talent development, performance management, and succession planning.

What you will bring:

  • 5+ years of progressive leadership experience within compliance, risk, governance, audit, regulatory oversight, financial services, or a related discipline. Experience within the insurance industry is considered a strong asset.
  • University degree in a related field.
  • Chartered Professional Accountant (CPA) or Chartered Financial Analyst (CFA) designation is considered an asset.
  • High degree of familiarity with insurance products, distribution practices, policyholder disclosure requirements, and compliance frameworks within federally and provincially regulated insurance organizations.
  • Fundamental knowledge of the Canadian insurance regulatory environment, including the Insurance Companies Act (ICA), guidance issued by the Office of the Superintendent of Financial Institutions (OSFI) (including Guideline E-13 - Regulatory Compliance Management), requirements established by the Financial Services Regulatory Authority of Ontario (FSRA), and applicable guidelines and industry standards published by the Canadian Life and Health Insurance Association (CLHIA).
  • Proven leadership and effective decision-making skills in a highly regulated environment.
  • Exceptional prioritization skills with the ability to balance competing demands while maintaining a risk-based mindset.
  • Strong people leadership skills, with experience coaching, developing, and performance managing team members to achieve individual and organizational objectives.
  • Proven ability to build and maintain strong internal and external relationships.
  • Ability to understand and successfully navigate a matrixed organization.
  • Results driven with strong analytical and problem-solving capabilities.
  • Strong proficiency with the MS Office suite.

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The base salary for this position is between $109,700 - $159,700 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Canada Life 

We're united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.  

We're looking for people who live our values everyday: we step up, we do the right thing, and we deliver - for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you! 

What we offer:  

We're committed to supporting our employees through every stage of their career. Here's what you can expect as a full-time or part-time permanent team member: 

  • Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annually towards education reimbursement. 
  • Health & Wellness:Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. 
  • Time Off:In addition to regular vacation and personal days, we support community involvement with a volunteer day. 
  • Financial Security:Company-matching pension plan,share ownership program and additionalinvestment options. 
  • Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!  
  • Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events. 

Learn more about Canada Life.  

We're committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.  

Canada Lifewould like to thank all applicants, however only those who qualify for an interview will be contacted. 

#LI-Hybrid 

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