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Director Insurance & Risk Management Jobs in Toronto, ON

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Director, Credit Risk Policy

Toronto, ON

Title and Summary Director, Credit Risk Policy Director, Credit Risk Policy Overview: This role ... Advanced credit risk management expertise across financial institutions and/or corporate portfolios ...

CIBC

Senior Director, Trading Credit Risk

Toronto, ON · Hybrid

... As Senior Director, NBFI & Private Credit within CIBC's Risk Management group, you'll play a ... asset management, insurance, and broker dealers, enabling you to effectively manage complex ...

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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 16, 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, Credit Risk Strategy Optimization Oversight

BMO Capital Markets

Toronto, ON

Full-time

Medical, Life, Retirement

Re-posted 9 days ago

Job description

Application Deadline:

08/01/2026

Address:

33 Dundas Street West

Job Family Group:

Audit, Risk & Compliance

Join a purposedriven team at the core of BMO's risk management ecosystem. As the Director, Credit Risk Strategy Optimization Oversight, you will lead the endtoend optimization, governance, and oversight of retail credit strategies across the consumer credit lifecycle including acquisition, account management, line management, pricing, and authorizations to balance profitable growth, PCL and KRM performance, portfolio resilience, capital efficiency, and regulatory compliance. This role sets the strategy vision, establishes guardrails and governance, and enables a testandlearn culture to drive measurable improvements in riskadjusted returns, loss outcomes, capital usage, and customer experience. As a senior enterprise specialist, the Director provides independent, effective challenge and trusted advisory to senior leaders and crossfunctional partners.

Key Responsibilities

Strategy Optimization, Risk Intelligence & Effective Challenge, and Portfolio Outcomes

Own the enterprise creditstrategy framework to optimize risk-reward and drive improvements in approvals, utilization, balances, profitability, and portfolio quality within risk appetite and capital constraints.

  • Refine the enterprise creditstrategy framework to ensure optimal risk-reward, capital efficiency, and compliance with risk appetite, governance, and regulatory expectations.
  • Act as senior SME guiding champion/challenger design across approvals, line strategies, pricing/offers, and authorization rules using rigorous experimentation, advanced analytics, and sound risk judgment.
  • Embed a disciplined effectivechallenge function across the full strategy lifecycle, ensuring integrity in problem framing, data/feature quality, model/score use, test design, monitoring, fairness reviews, and documentation.
  • Convert analytical insights into scalable production strategies using bureau, behavioural, and alternative data; establish strong KPI/KRM monitoring to support performance, resilience, and earlywarning detection.
  • Elevate risk intelligence by synthesizing earlywarning signals, peer benchmarks, macro trends, stressscenario results, and regulatory developments into actionable, forwardlooking guidance for senior leaders.
  • Embed affordability, macrosensitivity, stresstesting outcomes, and PD/LGD/EAD overlays directly into strategy design to ensure resilience across economic conditions.
  • Review strategic business cases to ensure analytical defensibility, alignment to risk appetite, sound assumptions, and strong control considerations.
  • Maintain transparent, auditready documentation including strategy rationale, controls, change logs, and validation summaries.

Strategic Advisory, Governance & Oversight

  • Define and enforce strategy guardrails, documentation standards, and governance routines aligned with enterprise risk appetite, Model Risk, Compliance, and OSFI expectations.
  • Serve as primary liaison to 2nd Line, Internal Audit, and governance forums, providing independent perspectives on portfolio trends, emerging risks, variances, and mitigants.
  • Establish strategy quality controls including pre/postimplementation validation, backtesting, shadow reads, and model/score usage attestations within disciplined changemanagement processes.
  • Connect strategy changes to capital impacts, stresstesting outcomes, lossforecasting results, and riskappetite metrics to ensure clear traceability from policy to execution.

Analytics, Tooling & Infrastructure

  • Optimize decision engines and adaptivecontrol tools (e.g., TRIAD, Strategy Manager, DMP) to enable rapid deployment, segmentation, and throttle management.
  • Partner with Data, Engineering/T&O, and Modeling teams to productionize risk signals scores, affordability metrics, PD/LGD overlays with strong controls, monitoring, and version governance.
  • Advance visualization standards and selfserve analytics to improve transparency, KPI drilldowns, and executiveready storytelling.

Leadership, Stakeholder & Change

  • Build and lead a highperforming creditstrategy oversight and analytics team, fostering a culture of curiosity, effective challenge, experimentation, and evidencebased storytelling.
  • Drive crossfunctional alignment with Product, Group Risk, Finance/Capital, Collections, Fraud, Legal/Compliance, Data & AI, and Technology to deliver highimpact strategy changes and capability enhancements.
  • Champion disciplined change management through strong problem statements, structured delivery plans, and clear benefits realization.

Qualifications

  • 10+ years in financial services/fintech/consulting with leadership in credit strategy, portfolio analytics, or credit policy.
  • Graduate degree in a quantitative field (Math/Stats, Analytics, Engineering, Finance/Econ, OR, Business).
  • Handson experience designing and scaling credit strategies across the lifecycle, including champion/challenger testing and KPI ownership.
  • Strong program/changeleadership skills with demonstrated crossfunctional execution.
  • Advanced communication skills succinct, influential, and accessible to senior nontechnical audiences.
  • Technical proficiency in Python, SQL, and BI tools (Tableau, Looker, Power BI); experience with adaptivecontrol/decision engines (TRIAD, DMP).
  • Broad understanding of retail banking products, risk methodologies, bureau data, and lossforecasting/timeseries concepts.
  • Experience with experimentation platforms, score/strategy deployment, and Canadian regulatory expectations.
  • Knowledge of fairlending/adverseimpact analysis, model monitoring, ML ops/feature store concepts, and consumercredit pricing science.

What We Offer

  • A strategic secondline leadership role with enterprisewide visibility, influence, and the ability to shape credit decisioning across the bank.
  • A meaningful opportunity to strengthen credit oversight, elevate decision quality, and enhance portfolio resilience through strategy optimization and risk intelligence.
  • A culture grounded in integrity, innovation, inclusion, and performance, where evidencebased thinking and effective challenge are valued.
  • Direct access to senior leadership and crossfunctional partners, along with complex analytical and strategic challenges that support continuous growth and career progression.
  • Flexibility, autonomy, and longterm career development within one of North America's most respected and forwardlooking financial institutions.

Salary:

$110,500.00 - $192,500.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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