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Insurance Risk Manager Jobs in Quebec (NOW HIRING)

As an ESG risk management advisor, you help develop strategies and priorities to implement industry ... Group insurance including telemedicine * Reimbursement of health and wellness expenses and telework ...

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Insurance Risk Manager information

See Quebec salary details

$11K

$74.3K

$115.5K

How much do insurance risk manager jobs pay per year?

As of May 31, 2026, the average yearly pay for insurance risk manager in Quebec 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 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 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 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 job categories do people searching Insurance Risk Manager jobs in Quebec look for? The top searched job categories for Insurance Risk Manager jobs in Quebec are:
What cities in Quebec are hiring for Insurance Risk Manager jobs? Cities in Quebec with the most Insurance Risk Manager job openings:

Practice Leader, Risk Appetite Framework

Desjardins Group

Montreal, QC • Hybrid

Full-time

Medical, Retirement, PTO

Posted 5 days ago


Job description

As a practice leader for the non-financial risk appetite framework, you're responsible for defining, overseeing and developing the risk appetite framework in line with the value chain, strategic directions and regulatory requirements. You serve as a reference expert by structuring practices, applying risk tolerance parameters to operations and ensuring alignment between strategic decision-making and the technical and modelling teams. You draw on your ability to provide sound judgment, cross-sector coordination and strategic positioning to senior management on files with a very high degree of operational and conceptual complexity. More specifically, you will be required to:

  • Act as an expert on complex issues requiring an overall reading of the appetite for non-financial risks and their strategic, operational and reputational impacts
  • Define, apply and update the non-financial risk appetite framework, including guiding principles, thresholds, limits, indicators and monitoring mechanisms
  • Interface and translate between technical and operational teams and modelling teams to ensure consistency between risk tolerance, modelling assumptions and business decisions
  • Establish and maintain the plan to monitor compliance with the non-financial risk appetite, in line with business objectives and regulatory requirements
  • Monitor, analyze and script activities to anticipate emerging non-financial risks and risk appetite framework development needs
  • Develop, document and update policies, standards, guidelines and operational practices related to the non-financial risk appetite framework
  • Act as a coordinator for non-financial risks for recovery plan exercises, simulation exercises, stress scenarios and any other forward-looking exercise carried out by integrated risk management, by:
    • Ensuring alignment with the risk appetite framework
    • Ensuring the consistency of assumptions and results
    • Translating impacts on the risk profile and strategic decisions
  • Lead cross-sector squads bringing together different areas of expertise to ensure alignment between the strategic vision, simulation exercises and operational reality
  • Represent management before internal committees, including governing bodies made up of senior managers

What we offer*

  • Competitive salary and annual bonus
  • 4 weeks of flexible vacation starting in the first year
  • Defined benefit pension plan that provides predictable, stable income throughout retirement
  • Group insurance including telemedicine
  • Reimbursement of health and wellness expenses and telework equipment

* Benefits apply based on eligibility criteria.

#LI-Hybrid


What you bring to the table

  • Bachelor's degree in risk management, finance, actuarial science, statistics, economics or a related field
  • A minimum of eight years of relevant experience at a financial institution
  • Please note that other combinations of qualifications and relevant experience may be considered
  • Experience developing or updating risk appetite frameworks, including the design of indicators
  • Experience in operational risk
  • Extensive experience in strategic advisory roles with management, management committees or risk committees
  • Experience in complex, highly regulated matrix environments requiring extensive cross-sector coordination between technical, analytical and decision-making teams
  • Hold a complementary certification in Enterprise Risk Management (ERM or FRM)
  • Knowledge of French is required
Action oriented, Ambiguity, Communicates effectively, Customer Focus, Differences, Interpersonal Savvy, Nimble learning, Strategic mindset

Trade Union (If applicable)

At Desjardins, we believe in equity, diversity and inclusion. We're committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should reflect the diversity of the members, clients and communities we serve.

If there's something we can do to help make the recruitment process or the job you're applying for more accessible, let us know. We can provide accommodations at any stage in the recruitment process. Just ask!

Job Family

Risk management (FG)

Unposting Date

2026-06-8