Analyst, Financial Risk Oversight

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

Reporting to the Director, Financial Risk Oversight, this person will be responsible for performing risk measurement and analysis on all types of the risks including credit risk, capital risk, market & liquidity risk, following the company’s risk management frameworks, policies and models.

This work will provide key stakeholders with insights and financial risk analysis to assist in their decision-making process for managing the day-to-day and long-term financial / investment needs of the company.

Articulating and effectively communicating the results of this analysis is also a critical part of the role. In addition, the role is responsible for identifying any potential problems or emerging risks that key stakeholders may need to be aware of and act upon.

What can you expect in this role?

• Performs risk, investment performance and financed emissions (GhG-green house gas), monitoring and analysis of current and future portfolios.
• Enhances and maintains in-house risk assessment and reporting tools to facilitate deeper understanding of portfolio risks and driver of changes.
• Gathers and formats data into regular and ad-hoc reports, and dashboards to provide insights and recommendations.
• Identifies and analyzes issues and problems and resolves in a timely manner or escalates as required.
• Assist with the development and enhancement of the processes leading to better risk management framework and improvement of internal risk controls.
• Support the development and maintenance of documentation related to risk tools and processes, ensuring consistency and compliance with internal standards.
• Ability to work independently and collaboratively in a fast-paced environment, with a strong attention to detail and accuracy.
• Stay informed about industry trends, emerging risks, regulatory developments and best practices to contribute to the continuous improvement of the risk management function.

 

What do you bring to the role?

• Good understanding of financial markets and the regulatory environment. 
• Excellent knowledge of Excel and data modelling is required.
• Strong analytical, statistical and quantitative skills.
• Great communication skills.
• Proficiency in working with statistical tools like: Excel, VBA, Python, SQL.
• Ability to prioritize and manage multiple projects and initiatives concurrently.
• 2+ years of relevant experience in the financial services sector.
• Experience with financial applications like Bloomberg is an asset.

 

Education requirements

• Bachelor’s degree in finance, economics, statistics, mathematics, computer science or the equivalent.
• Completed / Working towards a professional designation CFA, FRM designation.

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" — they're essential to our success.

What's in it for you?

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.
It's better here — but don't take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].

Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).

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