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Insurance Risk Manager Jobs in Ontario (NOW HIRING)

Lloyd's

Actuarial, technical risk management or similar background desirable (qualification beneficial but not essential). * Understanding of the Lloyd's and wider insurance market, including underwriting ...

SNC-Lavalin

Risk Manager

Mississauga, ON · Hybrid

Liaise with the Engineering Risk and Insurance group to establish insurable risk profile ... Provide risk management training when required. * Continuously look for improvements to the risk ...

Mace

Risk Manager

Toronto, ON

Accountable for the risk management performance on assigned commission(s). * Creates/designs effective risk management framework(s)/strategy(s). * Manages and directs Clients, consultants ...

Royal Bank of Canada

Risk Manager

Toronto, ON

As Risk Manager in the Counterparty Credit Risk Analysis and Measurement team, you are responsible for a wide range of things from running derivative credit sizing to deep dives into the risk profile ...

Aecon Group Inc.

Risk Manager

Cambridge, ON · Hybrid

Develop a project-specific Risk Management Plan for incorporation into the Project Controls Plan * Lead the development of the risk register, and summary risk reports to ensure compliance with the ...

InnServices

Enterprise Risk Manager

Innisfil, ON · On-site

$56.58 - $68.76/hr

Join us at InnServices as an Enterprise Risk Manager! About Us Located in Innisfil, InnServices is an award-winning, progressive organization that delivers the highest quality water and wastewater ...

VersaBank

Enterprise Risk Manager

London, ON · On-site

As the Enterprise Risk Manager you will be responsible for identifying, assessing, and mitigating risks across the Banks financial and operational risk landscape. Reporting to the Chief Risk Officer ...

Apply Early

Gardiner & Theobald

Risk Management and Leadership: * Develop, implement and manage appropriate risk management procedures and processes for clients * Liaise, engage and communicate with all relevant key stakeholders ...

goeasy

Risk Manager (Risk & Analytics)

Mississauga, ON · On-site

We're looking for a Risk Manager, Risk & Analytics to join a collaborative and forwardthinking risk and analytics team that partners closely with senior leaders across the business. In this role, you ...

WSP

Project Risk Manager

Toronto, ON · On-site

The Risk Management team is hiring! We are looking for a Risk Manager, Rail & Transit, to join our Transportation Systems team located in Canada (Calgary, Toronto, Montreal). Reporting to the Risk ...

goeasy

Risk Manager (Risk & Analytics)

Mississauga, ON · On-site

CA$95K - CA$129K/yr

We're looking for a Risk Manager, Risk & Analytics to join a collaborative and forward‑thinking risk and analytics team that partners closely with senior leaders across the business. In this role ...

Apply Early

WSP

Project Risk Manager

Toronto, ON · On-site

The Risk Management team is hiring! We are looking for a Risk Manager, Rail & Transit, to join our Transportation Systems team located in Canada (Calgary, Toronto, Montreal). Reporting to the Risk ...

County of Simcoe

Risk & Claims Analyst

Midhurst, ON

The SCMIP purchases insurance on a group basis for these municipalities and manages all their claims and offers risk management services to all members. POSITION SUMMARY Under the direction of the ...

Actalent

Risk Manager - RBQM

Mississauga, ON · Remote

CA$85 - CA$95/hr

Risk Manager The Manager, Risk-Based Quality Management (RBQM) plays a critical role in ensuring the quality and compliance of clinical trial execution. This position serves as a subject matter ...

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All JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Ontario

Insurance Risk Manager information

See Ontario salary details

$11K

$74.3K

$115.5K

How much do insurance risk manager jobs pay per year?

As of Jul 1, 2026, the average yearly pay for insurance risk manager in Ontario is $74,335.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,000.00 and $95,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Insurance Risk Manager, and why are they important?

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What is the difference between Insurance Risk Manager vs Insurance Underwriter?

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.
What are popular job titles related to Insurance Risk Manager jobs in Ontario? For Insurance Risk Manager jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Ontario look for? The top searched job categories for Insurance Risk Manager jobs in Ontario are:
What cities in Ontario are hiring for Insurance Risk Manager jobs? Cities in Ontario with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you

Senior Associate (Insurance Risk)

Lloyd's

Hybrid

Full-time

Medical, Dental, Retirement

This job post has expired today. Applications are no longer accepted.

Job description

Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us.

Lloyd's are looking to recruit a Senior Associate (Insurance Risk). You will support the effective operation and continuous enhancement of Lloyd's financial risk framework through robust oversight, challenge, analysis and reporting, ensuring that material financial risks -particularly in relation to underwriting, reserving, capital and assets of both the Corporation and the wider Lloyd's market - are appropriately identified, assessed and managed in line with Lloyd's risk appetite.

Principal Accountabilities

  • Contribute to the identification, assessment and monitoring of key financial risks faced by Lloyd's, with a focus on underwriting, reserve, capital, investment and liquidity risks.

  • Deliver strong and independent risk oversight, challenging first-line functions on methodologies, assumptions, controls and governance, and recommending improvements where necessary.

  • Support the development and operation of systemic risk frameworks, including the design, execution and analysis of stress & scenario testing across financial risks.

  • Escalate material risks appropriately through the governance framework, ensuring timely and accurate communication of emerging or heightened risk exposures.

  • Lead or contribute to thematic reviews, lessons-learned exercises and validation activities, ensuring findings are robust, evidence-based and implemented in conjunction with relevant Corporation teams.

  • Contribute to regular and ad hoc financial risk reporting, including ORSA submissions, Committee papers and market-wide insights.

  • Respond flexibly and effectively to ad hoc analysis requests and projects, ensuring high-quality, timely outputs for senior stakeholders and leadership

Skills Knowledge and Experience

  • Actuarial, technical risk management or similar background desirable (qualification beneficial but not essential).

  • Understanding of the Lloyd's and wider insurance market, including underwriting, reserve capital, investment and liquidity risks (Would be beneficial)

  • Experience engaging with and constructively challenging senior stakeholders.

  • Proven experience operating within or alongside risk management frameworks, processes, or oversight functions.

  • Experience contributing to risk reporting, stress & scenario testing, or financial risk analysis is advantageous

  • Technical financial risk expertise with demonstrable skills in pricing, reserving, capital or broader actuarial/risk analysis.

  • Analytical capability, able to interrogate complex data, challenge assumptions and reach sound, evidence-based conclusions.

  • Stakeholder management, capable of building strong relationships and influencing senior stakeholders to achieve effective risk outcomes.

  • Strong risk identification and prioritisation skills, able to justify decisions using a risk-based lens. Confident in applying constructive challenge, demonstrating resilience and professionalism under scrutiny.

  • Project management capability, ensuring timely delivery of BAU and change projects (e.g., implementation of new processes or frameworks).

Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

https://cleartalents.com/apply/lloyds-msa1645695881

Please note, clicking on this link does not register your application for the vacancy

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