Director, Risk Management (Secondment)

HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks. We dare to think big and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.

HSB is much more! It's insurance. Engineering. Technology. To learn more about us, please visit: https://www.hsb.ca

Primary Objectives:

The Director, Risk Management & Business Continuity is responsible for overseeing risk management, internal controls, and business continuity for HSB Canada. This role involves coordinating with risk owners to ensure the effective identification and management of risks, ensuring alignment with group risk management processes, and communicating key risk topics with external stakeholders (regulators, auditors). The Director will also lead and manage the company's Business Continuity Management (BCM) strategy, as well as the integration of operational risk controls and frameworks.

This position is a minimum 12-month secondment, offering a unique opportunity to collaborate closely with HSB Group, Munich Re America Services, and key external stakeholders. The role is instrumental in driving effective risk mitigation strategies and ensuring robust business continuity planning. This position reports directly to the Chief Financial Officer and has one direct report.

For technical reasons, the location of this job has been entered as Toronto. However, the location of this position is flexible to be based out of one of our regional Hubs.

Please apply online and submit your candidacy by EOD May 5th.

Key Responsibilities:

• Risk Management & Reporting:
  • Prepare, review, and analyze materials for the Board of Directors in support of Corporate Risk Governance processes.
  • Identify, monitor, and report on risks through the preparation of a quarterly Risk Report.
  • Communicate with external stakeholders, including regulators and auditors, regarding risk topics.
  • Develop risk culture and awareness through education programs and training for staff on risk management practices.
• Internal Controls:
  • Manage the company's key controls framework through Operational Risk Control System and Model Audit Rule Sarbanes-Oxley (MARSOX).
  • Oversee the effectiveness of operational risk controls, including updating controls, developing test plans, conducting testing, and reporting.
  • Administer walkthroughs, training, and framework updates in alignment with company policies and industry standards.
  • Collaborate with Munich Re Group and HSB Group for activities related to risk management and controls.
• Business Continuity:
  • Develop, maintain, and administer the Business Continuity Management (BCM) strategy, data, and infrastructure in collaboration with decentralized resources.
  • Oversee the identification of BCM exposure and ensure effective mitigation of risks.
  • Lead the creation and maintenance of Business Continuity Plans (BCP), Business Impact Analysis, and Threat Analysis to ensure a swift and efficient recovery in case of business interruptions.
  • Manage the activation of mass notification tools and ensure continuity of operations in the event of a disaster.
• Collaboration & Coordination:
  • Coordinate activities with HSB Group, Munich Re America Services, and other international teams to ensure alignment with risk management and business continuity best practices.
  • Work closely with the CFO, CRO, and SVP Finance to provide input on risk-related functions and ensure company-wide compliance and preparedness.
• Team Management & Leadership:
  • Directly manage a Senior Risk Analyst and provide mentorship and leadership to ensure effective performance and development of the risk management team.
  • Actively contribute to the management and strategic direction of the company as a member of the Senior Leadership Team.

Qualifications:

• Bachelor's or Master's degree in accounting, finance, mathematics, economics, risk management, actuarial science, or a related field.
• Experience in P&C insurance or similarly regulated financial institutions (OSFI regulated).
• 10+ years of experience in risk management, internal audit, or related fields with a proven track record in leadership roles within finance and risk management.
• 2-3 years of experience in BCM practices and protocols, including familiarity with BCM standards (BCI, DR, ISO) and certifications related to BCM & auditing.
• Experience in business transformation projects and system implementation related to risk management
• Understanding of operational risk and controls in insurance and engineering business operations.
• Strong understanding of risk management best practices, including familiarity with the Munich Re Group Risk Framework and OSFI guidelines.
• Ability to analyze data, trends, and risks, and clearly communicate findings to key decision-makers.
• Ability to build strong relationships both internally and externally, collaborating with peers, leadership teams, and international partners.
• Excellent verbal and written communication skills, with the ability to present complex risk-related information to stakeholders at all levels.

Company Benefits:

Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing - on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
• Employee Referral Program and Recognition Program

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact hr@hsb.ca as soon as practical so that suitable accommodations can be arranged.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.