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

Manager, GWAM Risk Center

Waterloo, ON · Hybrid

CA$88K - CA$138K/yr

The Manager, Operational Risk Management, will be responsible for assisting the AVP Head of GWAM ... and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family ...

Completion of, or active pursuit of, a recognized insurance or risk management credential such as CIP or CRM. * Proven experience investigating and adjudicating claims, including evidence review ...

Arcadis is seeking a Senior Nuclear Practice Leader to join our Radiation Risk Management Practice. We are looking to grow our team of skilled project managers, engineers and technical specialists ...

Strategy, Governance & Risk Management * Contribute to AI and data strategy by identifying reusable ... financial services, insurance, risk,or highly regulated environment. * 3+ years of hands-on ...

Kitchener, Canada Senior Manager, Competitive Intelligence (6-Month Contract) Sonova is seeking a Senior Manager, Competitive Intelligence for a 6-month contract opportunity, with the possibility of ...

Strong knowledge of Insurance business, operations, procurement processes, sourcing methodologies, contract law, as well as experience with third-party risk management frameworks and regulations ...

Risk Management * Identify, assess, and mitigate operational risks across the portfolio. * Ensure adherence to health & safety standards, emergency protocols, insurance requirements, and preventative ...

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Insurance Risk Manager information

See Waterloo, ON salary details

$10.3K

$69.3K

$107.7K

How much do insurance risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for insurance risk manager in Waterloo, ON is $69,307.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,144.00 and $89,040.00 per year, depending on experience, location, and employer.

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

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

Manager, GWAM Risk Center

Manulife

Waterloo, ON • Hybrid

CA$88K - CA$138K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago


Job description

Global Wealth & Asset Management (GWAM) is the global asset management arm of Manulife and provides fee-based wealth solutions to retail, retirement and institutional customers around the world.

The Manager, Operational Risk Management, will be responsible for assisting the AVP Head of GWAM Risk Center with their mandate to implement and execute an effective risk governance management program, and with overseeingoperational risk mitigation activities for the GWAM segment.

Position Responsibilities:

  • Support the creation and delivery of tools and reports that meet corporate risk, business, client, and regulatory needs.
  • Support the GWAM Risk Management Committee with reporting and action plan tracking.
  • Review and support the GWAM business Risk Officers for operational risk event management and corrective action plan tracking.
  • Consolidate and report incidents, issues, actions, and other risk programs.
  • Aggregate various metrics across the GWAM businesses.
  • Monitor and maintain key elements of the risk program, including the status and completion of business assessments and change management initiatives.
  • Coordinate with other Manulife risk functions for reporting and analysis on corporate risk programs to support risk governance activities across GWAM.
  • Build strong relationships with other risk team members to ensure timely, accurate, and efficient management reporting.
  • Contribute to Risk Management initiatives and projects.
  • Handle ad-hoc requests or inquiries with responsiveness and attention to detail.

Required Qualifications:

  • 4+ years of experience in risk management, finance, or audit.
  • Strong analytical, problem-solving, and critical thinking skills.
  • Exceptional attention to detail.
  • Ability to collect, analyze, and present data and information effectively.
  • Skilled at synthesizing complex information from various sources to identify key insights and issues.
  • Excellent written and verbal communication skills.
  • Highly organized with an ability to work in a fast-paced, multi-stakeholder environment and manage multiple priorities.
  • Collaborative team player with a positive, proactive attitude.
  • Proficiency in Microsoft Office (Excel, PowerPoint, Word, SharePoint).
  • Bilingualism (English and French) is a strong asset. If the successful candidate is in Quebec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.
  • Preferred Qualifications:
  • Familiarity with the Asset and Wealth Management industry is an advantage.


When you join our team:

  • We'll empower you to learn and grow the career you want.
  • We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
  • As part of our global team, we'll support you in shaping the future you want to see.

#LI-Hybrid

The role being advertised is an existing vacancy.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com.

Referenced Salary Location

Montreal, Quebec

Working Arrangement

Hybrid

Salary range is expected to be between

$88,800.00 CAD - $138,800.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact hr@manulife.com for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.