Senior Payments Risk Analyst Jobs in Toronto, ON

Senior Risk Analyst

Corporate Services - Treasury Services (Loss Management & Insurance Services)

Status: (1) Regular Full-Time position

Hiring Range: $94,455 - $106,262 per annum plus comprehensive benefits

Work Mode: Hybrid* see below for more details about this work mode.

Location: 10 Peel Centre Drive, Brampton; travel to various Peel Region facilities as required

Liaising with the Manager, Loss Management & Insurance Services, the Senior Risk Analyst is responsible for utilizing risk management methodology to maintain and implement industry best practices of risk treatment and transfer strategies to optimally manage insurable risk exposures for the Region of Peel, Peel Regional Police and Peel Housing Corporation. Responsible for leading the coordination of the risk identification, assessment, treatment and transfer of the assets and operations administered by the Loss Management & Insurance Services section, this position's principal focus is insurance procurement, renewal and mid-term changes, leading and overseeing the section's contractual insurance requirements and tracking framework, and informing, enhancing and influencing internal client groups' risk management and insurance knowledge and practices.

Responsibilities:  

Insurance / Risk Financing Program

• Insurance Program Management: Liaise with internal and external stakeholders to maintain updated schedules of assets and operations to effectively procure for and maintain appropriate insurance coverage for the Region including Peel Police, Peel Housing Corporation and other related entities. Oversee the issuance of certificates of insurance and the processing of mid-term endorsements.
• Operational Risk Assessment: Analyze departmental reports to identify risk exposures and maintain accurate insurance data for underwriting and loss control purposes.
• Site Inspections & Risk Treatment: Conduct property and liability inspections across regional facilities. Recommend, track, and ensure implementation of risk mitigation guidance.
• Risk Identification & Analysis: Utilize comprehensive risk analysis methodologies to evaluate actual and potential loss exposures across corporate operations.
• Asset Valuation: Supervise property risk inspections and appraisals as required to maintain accurate information for underwriting purposes.

Non-Insurance Risk Financing Transfer Framework

• Contract & Agreement Reviews and Guidance: Provide expert guidance to internal clients and partners and the section's colleagues in the administration of the section's non-insurance risk transfer framework in analyzing construction, procurement, real estate and other such contracts or agreements to ensure appropriate insurance coverage and risk transfer measures are included to protect the Region, Peel Police and Peel Housing Corporation's risk and financial interest.
• Insurance Compliance: Oversee the tracking, acquisition and verification of Certificates of Insurance, ensuring compliance and adequate coverage across third-party engagements.

Risk Management Program

• Advisory & Support: Serve as a key point of contact for internal stakeholders seeking risk treatment and financing guidance.
• Budget & Financial Planning: Support the section as needed to prepare data and recommendations for insurance premium allocations, self-insured retentions, and risk management budgeting.
• Policy Development: Contribute to and support the development and review of the section's risk management policies and procedures to reflect industry best practices and organizational needs.
• Training & Education: Contribute to and support the design and delivery of risk management awareness and training for internal clients.
• Market Intelligence: Maintain current knowledge of industry trends, insurer capabilities, and regulatory changes through active engagement with insurance markets.
• Team & Project Leadership: Participate in cross-functional teams and committees; supervise and train temporary staff as required.
• Data Management, Analysis & Reporting: Leverage risk management systems such as claims data systems (such as Assure Claims) and reporting tools (such as MS Power BI) to manage data integrity, monitor trends, generate reports, and support informed decision-making.
• Special Projects: Lead or support risk management initiatives and organizational projects as assigned.
• Section Support: Provide backup and support for the section's Risk Analyst and Coordinator as required.

Qualifications:

• Specialized college diploma, university degree, or insurance/risk management knowledge with Chartered Insurance Professional designation (CIP) or equivalent.
• Minimum of 7 years insurance and risk management experience. An equivalent combination of education and/or experience may be considered.
• Demonstrated understanding of insurance policies and procedures, insurance law, relevant legislation, municipal operations, and demonstrated knowledge of risk transfer and reduction measures.
• Valid Ontario drivers' license and reliable vehicle for occasional use on corporate business

• Successful candidates hired to work for this position will be required to provide the Criminal Records Check prior to the start date.

Skills/Ability:

• Excellent oral and written communications skills.
• Ability to work both as an effective, respectful team player and also independently, initiative/self starter, accountability, time management skills, flexibility/adaptability and the ability to work collaboratively in a busy fast paced environment with changing priorities based on service delivery needs.
• Demonstrated excellence in customer service.
• Strong computer, analytical and problem solving skills.
• Ability to maintain confidentiality and discretion when dealing with sensitive information.

Nice to have:

• CRM designation an asset.

Join us-be bold, think big, and help shape a better tomorrow.

Perks That Make Work Fun (and Your Life Easier)!

At Peel Region, we believe in taking care of you. Here's what you'll enjoy when you join our team:

• Top-Notch Benefits: Comprehensive Health, Dental, and Vision plan (yes, even psychological health coverage) - starting on your very first day!
• OMERS Pension Plan: Automatic enrolment to help secure your future with peace of mind.
• Vacation Time That Grows: Start with 3 weeks of vacation per year- because work-life balance is important!
• Personal Days Just for You: Enjoy 3 paid personal days and floating holidays to recharge whenever you need.
• Wellness First: Flexible hours to fit your lifestyle and prioritize your health and well-being.
• Performance Pays Off: Annual performance reviews with merit increases - your hard work is recognized and rewarded!
• Supportive, Respectful Culture: Work in an environment where leadership truly cares and inclusivity is celebrated.
• Learning & Growth: Access to tuition reimbursement and tons of development resources to keep you growing - whether in your career or on a personal level.

We've got you covered - because we know happy, healthy people do their best work!

Work Mode & Job Location: In this role, you'll benefit from the flexibility of a hybrid work arrangement that prioritizes meaningful in-person connection. A minimum of two days per week on-site is expected along with occasional travel to attend site inspections or meetings at Regional facilities or as operational needs evolve. This arrangement allows for a blend of in person and hybrid work that adapts to support both organizational priorities and employee flexibility and is subject to change over time.

Peel Region offers job based flexible hours of work that allows employees to manage personal and professional responsibilities while at the same time ensures business operational needs and customer service expectations are achieved.   

Interview: Our recruitment process will be completed with video conference technology.  

Kindly ensure to regularly monitor your spam and junk email folders, as important communications regarding your application may be directed there.

If this opportunity matches your qualifications and experience, please apply on-line. 

Peel Region consists of the cities of Brampton and Mississauga, and the town of Caledon.  Peel Region delivers essential services to more than 1.5 million residents and approximately 200,000 businesses.

We're working to create a community that is safe, inclusive, and accessible.  A place where everyone feels they belong and can access the services they need to thrive throughout each stage of life.

Our workforce is 6,700 strong and since 1974, we've been delivering a wide range of resident focused services. Our services include paramedic services, health programs, long-term care and services for seniors, child care support, garbage collection and recycling, waste water and water treatment, road maintenance, financial assistance, and housing support. 

Recognized by Canada's Healthy Workplace Month with the Great Employer Award presented by Excellence Canada, Peel Region is a place where everyone feels they belong. We strive to develop a workplace that values and respects diversity, practices inclusion, recognizes the unique contributions and abilities of all people and facilitates innovative thinking. At Peel Region, people come first. Each employee has an important role within our community and when we work together, it's impactful. We encourage you to join us in delivering essential services and programs to our diverse community. You won't find a better opportunity than Peel Region.

Peel Region is committed to a diverse and inclusive workplace where everyone is respected and valued for their contributions, and where everyone is treated fairly and has opportunity to grow and develop. As one of the most diverse regions in Canada, we are committed to establishing a qualified workforce that is reflective of the population we serve.Peel Region is committed to providing accommodations throughout the recruitment process, upon request. If you require accommodation, please notify us and we will work with you to meet your needs. Accessible formats and communication supports are available. Please contact zzg-hrtalentacquisition@peelregion.ca 

Please be advised, Peel Region uses email to communicate with applicants for open job competitions and does not use AI technology in any part of the recruitment process. It is the applicant's responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time sensitive correspondence via email (i.e., testing bookings, interview dates), it is imperative that applicants check their email regularly. If we do not hear back from applicants, we will assume that you are no longer interested in the position and your application will be removed from the competition.