Director, Risk Jobs

This hybrid position is available in Windsor, ON and Toronto, ON.

Green Shield Canada (GSC) is revolutionizing the healthcare industry as part of our mission to ensure better health for all!

In 1957, our founder, pharmacist William Wilkinson, witnessed a mother sacrifice her health by forgoing her own medicine to ensure she could afford a prescription for her sick daughter. He knew there had to be a better way! He introduced North America’s first prepaid drug plan, and Green Shield was born as a not-for-profit health benefits provider that re-invested its earnings to support better health for all Canadians.

Today, we follow in the footsteps of our founder as we continue our pursuit of a better way. No longer just a traditional health and dental benefits provider, Green Shield is now the first integrated health services organization in Canada that is both a payer (offering insurance, administering benefits, and paying claims) and a provider (offering medical, mental health, and pharmacy services).

This means we can uniquely offer:

• Integration of our services, creating a seamless experience
• Convenience to engage our services anywhere, anytime, effortlessly
• Direct access to real time professional health services
• Improved health outcomes via preventative care and treatment, and data driven insights

This evolution also deepens our social mission through both financial support and the direct delivery of services to support local communities and underserved populations across Canada.

THE ROLE IN A NUTSHELL

Director, Risk (CRO) will work with the Board and senior business leaders to lead the on-going development and implementation of GreenShield’s risk strategy, and strengthen its risk appetite setting , enabling stronger

oversight and elevating the enterprise risk framework.

The Director will play an integral role in shaping the future of GreenShield’s risk policies and decision-making, providing expertise on a wide range of issues. The Director will bring experience working within large complex regulated organizations undergoing significant transformation and change. Modelling GreenShield’s values and actively building trust and partnerships across the organization, the Director will be monitoring emerging trends and risks and promote knowledge sharing with respect to risk identification and mitigation.

KEY RESPONSIBILITIES

• Participate in the company’s strategic and tactical planning activities and play an important part in the execution of its strategic and operating plans and policies.
• Establish and build effective relationships with regulators, including acting as the key contact with the Office of the Superintendent of Financial Institutions Canada (OSFI).
• Develop, implement, and manage the Enterprise Risk Program that is appropriate for a federally regulated insurance company.
• Lead the risk analysis of new strategies, concepts, and projects to ensure the achievement of the organization’s risk management, governance, and strategic objectives.
• Chair the Internal Risk Committee, and report on various risk management activities and the overall state of risk management.
• Manage the organization’s corporate insurance programs; ensure compliance with the Risk Management and Risk Appetite Policies.
• Cultivate strong relationships with the board of directors, executive leadership, establishing open lines of communication and trust.
• Ensure appropriate engagement in major corporate initiatives to assess risks and implement appropriate mitigation plans.
• Ongoing identification, monitoring and evaluation of key risks.
• Develop models to objectively assess risks and their integrated impacts. Work with senior leadership to develop risk mitigation strategies and reporting of key metrics.
• Collaborate with the board and senior management to align the organization's risk agenda with strategic objectives, ensure a comprehensive understanding of risk management priorities and advocate for necessary resources, support, and prioritization of risk management initiatives
• Monitor existing and new regulatory requirements and collaborate with relevant internal stakeholders to ensure awareness and adherence.
• Produce and report regularly on the organization’s Own Risk and Solvency Assessment (ORSA) and Key Metric Report (KMR); and support the Appointed Actuary with the Internal Stress Testing and Financial Condition Testing (FCT) in accordance with OSFI’s specifications.
• Liaise with industry associations, including the Canadian Life and Health Insurance Association (CLHIA), and other external stakeholders to stay informed about risk management trends and requirements. Collaborate with internal departments such as legal, compliance, and audit to address risk -related matters.
• Regularly report on the risk profile of the overall enterprise to the Audit, Risk Management and Investment Committee.

WHAT WE ARE LOOKING FOR

• Experience in a federally regulated insurance company (life insurance preferred)
• Experience in an operational role is a plus
• Comfortable leading teams and interacting with Board and senior executives
• Experience leading transformation initiatives in a dynamic organization
• Deep understanding of risk - Operational risk, CyberMarket risk and Credit risk

NICE TO HAVE

• Bilingual in French/English

GSC supports diversity, equity and inclusion in our teams and communities, and we value the unique contributions made by all individuals. Even if your experience doesn’t align perfectly to every requirement in this posting, but you are excited about this opportunity, we invite you to apply.

Providing this information gives GSC consent to use your personal information to assess your suitability for specific positions, future opportunities or for your personnel file. Your résumé will be held in strict confidence and will be viewed only by the Organization. Information may be stored outside of Canada and could be used for aggregate statistical purposes (which uses no personal identification).

We encourage applications from all candidates and will accommodate needs under human rights legislation throughout all stages of the recruitment and selection process. Please let us know of any accommodations through [email protected]. Information received relating to accommodation will be addressed confidentially.