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Managing Director Risk Management Jobs in Calgary, AB

Wawanesa Insurance

Catastrophe Risk Specialist

Calgary, AB · Hybrid

CA$85K - CA$115K/yr

Job Overview Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction ...

Slrconsulting

Environmental Risk Assessor

Calgary, AB

CA$75K - CA$115K/yr

Develop and deliver human health and ecological risk assessments, risk management plans, performance verification plans, etc.in accordance withprovincial, territorial, and federal regulatory ...

BGRE

Director, Asset Management

Calgary, AB · On-site

The companycombines global scale with deep local expertise, managing more than260 MSF of office ... The Director will work alongside the Asset Management team to execute various assignments within ...

WCB Alberta

Senior Management Auditor

Calgary, AB

Apply and continue to build technical competencies in internal audit methodologies, risk management ... Board of Directors. Your experience and skills: * University degree or diploma in, Business ...

WSP

Intermediate Risk Assessor

Calgary, AB

CA$77K - CA$102K/yr

The Skills That Set You Apart 2-4 years of experience in risk management, emergency management, engineering, or a related field. Strong knowledge of risk methodologies including HAZID, HAZOP, FMEA ...

WSP

Intermediate Risk Assessor

Calgary, AB

CA$77K - CA$102K/yr

The Skills That Set You Apart 2-4 years of experience in risk management, emergency management, engineering, or a related field. Strong knowledge of risk methodologies including HAZID, HAZOP, FMEA ...

Quadreal

Director, Operations- West

Calgary, AB · On-site

The Director is responsible for driving operational excellence across building systems ... Compliance & Risk Management * Ensure compliance with all environmental, regulatory, and statutory ...

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Managing Director Risk Management information

See Calgary, AB salary details

$26.5K

$107.2K

$186K

How much do managing director risk management jobs pay per year?

As of Sep 9, 2026, the average yearly pay for managing director risk management in Calgary, AB is $107,191.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,000.00 and $134,000.00 per year, depending on experience, location, and employer.

What does a managing director risk management do?

A Managing Director of Risk Management is responsible for overseeing an organization's risk management strategies and policies. They identify, assess, and mitigate financial, operational, and strategic risks to protect the company's assets and reputation. This role involves leading risk assessment teams, developing risk management frameworks, and ensuring compliance with regulatory requirements. Managing Directors in this field also collaborate with senior leadership to develop business strategies that balance risk and growth objectives.

What are the key skills and qualifications needed to thrive as a managing director risk management?

To thrive as a Managing Director Risk Management, you need deep expertise in risk assessment, financial analysis, regulatory compliance, and typically an advanced degree in finance, economics, or a related field. Familiarity with risk modeling software, enterprise risk management (ERM) systems, and relevant certifications like FRM or PRM is common. Exceptional leadership, strategic thinking, and persuasive communication skills are vital for influencing stakeholders and guiding teams. These capabilities are crucial for effectively identifying, evaluating, and mitigating complex risks that can impact an organization's stability and growth.

What are some typical challenges a managing director risk management faces when aligning risk strategies with overall business objectives?

A Managing Director of Risk Management often encounters the challenge of balancing comprehensive risk mitigation with the need to support business innovation and growth. Navigating differing priorities among stakeholders, ensuring regulatory compliance across diverse markets, and keeping up with evolving risk landscapes are common hurdles. Success in this role requires strong communication and negotiation skills to align risk strategies with the organization’s broader goals, while fostering a collaborative environment among executive leadership and risk teams.

What is the difference between Managing Director Risk Management vs Chief Risk Officer?

AspectManaging Director Risk ManagementChief Risk Officer
CredentialsAdvanced degrees in finance, risk management certifications (FRM, PRM)Same as Managing Director Risk Management, often with extensive experience
Work EnvironmentExecutive leadership in financial institutions, corporationsCorporate headquarters, risk management departments
Industry UsageCommon in banking, insurance, large corporationsUsed interchangeably with Managing Director Risk Management in many firms

The Managing Director Risk Management and Chief Risk Officer roles often overlap in credentials, work environment, and industry usage. While titles may differ, both focus on overseeing risk strategies at an executive level, ensuring organizational risk is managed effectively.

What does a managing director risk management make?

A managing director in risk management typically earns a salary ranging from $150,000 to over $300,000 annually, depending on the industry, company size, and location. They often receive bonuses and benefits, and their compensation reflects their experience and leadership responsibilities in overseeing risk strategies and compliance.
Managing Director Risk Management jobs near you
Infographic showing various Managing Director Risk Management job openings in Calgary, AB as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $107,191 per year, or $51.5 per hour.

Catastrophe Risk Specialist

Calgary, AB • Hybrid

Wawanesa Insurance
Insurance Services • 1 - 5K employees
Learn more about Wawanesa Insuranceexternal

CA$85K - CA$115K/yr

Full-time, Part-time

Retirement, PTO

Re-posted 16 days ago

Key responsibilities

  • Develop and calibrate catastrophe perils using industry-standard software.

  • Analyze data, scientific research, and insurance claims to improve model accuracy.

  • Collaborate with teams to understand risk exposures, interpret model outputs, and communicate findings.

Job description

Job ID: 10138 


Employment Type: Existing Role 

Work Environment: We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Toronto (North York), ON; Kitchener, ON. 

Working Business Language: English.This role is considered a head-office role and will be required to communicate with internal and external stakeholders across Canada where the primary business language for this role is English.  As such, the successful candidate must be fully proficient in English
 

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $85,000 - $115,000.  Candidates with salary expectations outside of the range are still encouraged to apply. 

About The Wawanesa Mutual Insurance Company
Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada's largest mutual insurers, 100% owned by its members, with more than $4.1 billion in annual revenue and $12.5 billion in assets. Headquartered in Winnipeg, Wawanesa is the parent company of Wawanesa Life, which provides life insurance solutions throughout Canada, and Western Financial Group, a leading national distributor of personal and business insurance. In March of 2026, Wawanesa entered into an agreement to acquire Everest Insurance Company of Canada to strengthen its commercial insurance capabilities and advance its long-term growth strategy.


Wawanesa proudly serves more than 1.8 million members and we are home to more than 3,000 employees across Canada. The company actively gives back to organizations that strengthen communities, donating more than $4 million annually to charitable organizations, including more than $2 million each year in support of people on the front lines of climate change. Learn more at wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction and manipulation for the purpose of modeling, reporting, and exposure accumulation. The role will collaborate with various pricing and underwriting teams to assist in the implementation of catastrophe models and monitoring of exposure accumulations. 

Job Responsibilities

  • Develop and calibrate catastrophe perils using industry-standard software (e.g., RMS, VERISK, etc.). 
  • Analyze historical data, scientific research, and insurance claims to enhance model accuracy. 
  • Collaborate with actuaries, underwriters, and analysts to understand risk exposures, and manage exposure accumulations. 
  • Interpret model outputs and assumptions from multiple models to help form a view of risk. 
  • Coordinate with risk management partners the independent review of model performance, documentation, and validation. 
  • Conduct sensitivity analysis and scenario testing to evaluate the impact of different variables on risk assessments. 
  • Proactively share knowledge in catastrophe-related areas, create learning experiences and foster teamwork and cross-functional collaboration. 
  • Communicate findings and recommendations to stakeholders through reports, presentations, and technical documentation. 
  • Stay updated with industry advancements, regulatory requirements, and best practices in catastrophe modeling. 
     
Qualifications
  • Bachelor's degree in mathematics, statistics, actuarial science, atmospheric science, geospatial science or related field. 
  • 3+ years' experience in a catastrophe modelling role using one or both of RMS and AIR Verisk. 
  • Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for data manipulation and modeling. 
  • Strong analytical skills with a deep understanding of risk assessment and modeling techniques. 
  • Excellent communication and presentation skills, with the ability to translate complex technical concepts to non-technical stakeholders. 
  • Experience in insurance, reinsurance, catastrophe model development, catastrophe risk pricing or risk management is an asset. 
  • Certification or coursework in catastrophe modeling, risk management (e.g., CPCU, ARe) or actuarial exams is an asset. 
  • #LI-WAWA
     


Diversity Equity, Inclusion& Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people - this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.  
 

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