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Insurance Risk Manager Jobs in Pickering, ON (NOW HIRING)

Risk Management Pay Details: $96,900.00 - $136,800.00 CAD TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are ...

Your Opportunity BDO Canada LLP is currently seeking a Manager, Risk Advisory Services to join its Risk Advisory team. This is a replacement role and presents an excellent opportunity to contribute ...

Your Opportunity BDO Canada LLP is looking for a Manager, Risk Advisory Services to join the BDO's Risk Advisory team in Toronto . This is a replacement role and presents an excellent opportunity to ...

Scotiabank's approach to risk management is a globally recognized competitive advantage that balances sound judgement, effective tools, collaboration and oversight. Our greatest strength is the ...

Senior Manager Trading Risk

Toronto, ON · On-site

  • Medical

  • Retirement

The senior manager in TFRM Latin America is primary focused on providing market risk oversight for Scotiabank's capital market operations in Latin America and the Emerging Markets desk, ensuring all ...

You will lead on the cost management services including estimating, procurement and cost planning ... Accountable for the risk management performance of assigned commission(s). * Creates/designs ...

Showing results 41-60

Insurance Risk Manager information

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 key skills and qualifications needed to thrive as an Insurance Risk Manager?

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 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 Pickering, ON look for?

The top searched job categories for Insurance Risk Manager jobs in Pickering, ON are:

What cities near Pickering, ON are hiring for Insurance Risk Manager jobs?

Cities near Pickering, ON with the most Insurance Risk Manager job openings:

Infographic showing various Insurance Risk Manager job openings in Pickering, ON as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 19% Part Time, and 5% Contract. Highlights an 86% Physical, 4% Hybrid, and 10% Remote job distribution.

Manager, Enterprise-Third-Party Risk Management

BMO Capital Markets

Toronto, ON • On-site

Full-time

Medical, Life, Retirement

Re-posted yesterday


Job description

Application Deadline:

08/13/2026

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

This opportunity will allow you to work on exciting initiatives within operational non-financial risk with visibility to leaders within our organization. Working within a dynamic team focused on Third-Party Risk Management, and with 1st and 2nd line subject matter experts (SMEs), you will be responsible for supporting the development and maintenance of 2nd line Third-Party risk related reporting, the creation, maintenance and monitoring of risk metrics, and other oversight activities across the Third-Party Risk Management portfolio.

Mandate:

As part of the 2nd line of defense, this role supports the following primary accountabilities of the Enterprise Third-Party Risk Management Team:

  • Provide input into business decisions as a trusted advisor.

  • Make recommendation to leaders on strategy and new initiatives, seeking understanding of business/group to support recommendations.

  • Support maintenance and oversight of the Third-Party Risk Management Framework and other related requirements used across the enterprise to ensure Third-Party Risks are appropriately identified, assessed, managed, monitored, and reported.

  • Support maintenance of regulatory oversight over Third-Party risk.

Responsibilities:

  • Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviours in all that they do.

  • Ensure alignment between values and behaviour that foster diversity and inclusion.

  • Regularly connect work to BMO's purpose, set inspirational goals, define clear expected outcome, and ensure clear accountability for follow through.

  • Develop and maintain in-depth knowledge of third-party risk management and applicable legislative/ regulatory requirements and guidance.

  • Performs and/or effectively challenges across various programs including third-party issues & events, 1st Line monitoring & testing activities, and 1st Line reporting metrics.

  • Manage 2nd Line independent monitoring program which includes reporting against various metrics across the third-party lifecycle.

  • Conduct targeted reviews with accompanying analysis for any metrics outside of tolerance and/or with worsening trends.

  • Support with the completion quarterly and annual risk reporting scorecards with accurate data driven insights for internal/external stakeholders.

  • Analyze data and information on a continuous basis to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.

  • Identifies potential risk situations/ impacts and make recommendations or escalates to the team.

  • Develops and maintains TPRM visualizations/dashboards to improve visibility of information and support data driven decision making.

  • Support with the review of new/updated metrics (KRMs, KRIs and risk drivers) and associated thresholds.

  • Manage the collection of TPRM Committee materials and minutes, and shared mailbox.

  • Coordinate and monitor the review and sign-off of reporting, where required.

  • Participate in initiatives and recommend opportunities for improved efficiency, effectiveness and/or risk mitigation.

  • Supports team with any ad hoc requests, internal and external examination requests, and projects.

  • Maintain documentation of all 2nd Line TPRM processes and procedures including tools and templates for operational risk programs, as required.

  • Build effective relationships with internal/external stakeholders.

  • Coordinate the management of databases; ensures alignment and integration of data in adherence with data governance standards.

  • Provide specialized consulting, analytical and technical support.

  • Exercise judgment to identify, diagnose, and solve problems within given rules.

  • Work independently and regularly handles non-routine situations.

  • Broader work or accountabilities may be assigned as needed.

  • May provide specialized support for other internal and external regulatory requirements.

Qualifications:

  • Between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

  • Deep knowledge and experience with segmenting, analyzing, and reporting risk related data.

  • Strong analytical skills to gather relevant information, compare and identify trends, develop conclusions with well-supported recommendations.

  • Experience with compiling and validating materials for updates at senior level forums and/or committees

  • Expert in report automation and efficiency through visualization tools (ie: Microsoft PowerBI)

  • Familiar with operational risk management practices and methodologies

  • Familiar with financial products and services

  • Deep knowledge and technical proficiency gained through extensive education and business experience.

  • Strong communication skills, both verbal and written.

  • Ability to build and foster stakeholder relationships.

  • Excellent analytical and problem-solving skills, with any eye for detail.

  • Strong proficiency with PowerBI, Python, PowerPoint, Excel, and SharePoint.

  • Familiar with Governance, Risk, and Control (GRC) tools such as RSA Archer

  • Ability for work on multiple tasks accurately

Salary:

$75,900.00 - $141,900.00

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.