Role TitleSenior Manager, Financial Risk Management
Purpose of roleThe Senior Manager, Financial Risk Management, is responsible for strengthening the enterprise-wide risk management capability, with a primary focus on capital risk, model risk, and climate-related financial risk. A key outcome for this role is ensuring that material risks are effectively identified, assessed, monitored, governed, and communicated to senior management and Board committees.
The incumbent will provide strategic risk oversight, challenge, and integration across functional areas including Actuarial, Finance, Investments, IT, and Compliance while supporting the organization’s risk governance framework and regulatory expectations. The role will also manage and develop one direct report.
Job DescriptionKey ResponsibilitiesCapital Risk & ORSA
- Lead the independent risk assessment of capital adequacy, stress testing, and Own Risk and Solvency Assessment (ORSA) processes
- Lead the review and challenge of key model and market assumptions, scenarios, and management actions from a risk perspective
- Coordinate inputs across relevant functions to support a coherent, forwardlooking capital risk narrative for senior management and Board committees
- Contribute to clear articulation of capital vulnerabilities, sensitivities, and emerging risks.
Climate-Related Financial Risk Management
- Lead the Risk functions climaterelated financial risk management
- Lead the research and development of a climate related financial modeling framework
- Coordinate climate risk scenario analysis and integration into Enterprise Risk Management (ERM) and ORSA processes
- Direct collaboration with Investments, Actuarial, and Sustainability stakeholders to ensure climate risk considerations are embedded into decisionmaking
- Translate technical analysis into concise, decisionuseful insights for executive and Board audiences
Enterprise-wide Model Risk Governance
- Strengthen model risk governance from a Risk oversight perspective, supporting development and monitoring of model risk appetite and tolerances
- Provide effective challenge related to model use and reliance, including emerging model risks associated with advanced analytics and artificial intelligence
- Contribute to model risk awareness and education across senior management, governance forums, and the first line
Enterprise Risk Reporting & Communication
- Support preparation of risk materials for executive and Boardlevel committees
- Focus on prioritization, clarity, and relevance of risk messaging, highlighting what matters most and why
Risk Governance & Coordination
- Support the effectiveness of enterprise risk governance processes and forums
- Enhance clarity of ownership and accountability across risk categories through effective coordination and RACI alignment
- Act as a connector across first and secondline functions to ensure consistent understanding and management of enterprise risks
People Leadership
- Lead, manage, coach and develop one direct report through clear objectives, regular feedback and meaningful development opportunities
Key Qualifications- Education (minimum required): Bachelors degree in Actuarial Science, Mathematics or similar
- Experience (minimum required): Looking for 10+ years
- Qualified actuary or senior actuarial student with significant practical experience
- Strong understanding of capital adequacy, stress testing, and enterprise risk management within financial services
- Solid knowledge of model risk concepts and governance frameworks
- Demonstrated ability to interpret and challenge complex technical information and communicate it clearly to senior audiences
- Experience operating in cross functional environments with multiple stakeholders
- Strategic thinking and sound judgment
- Strong written and verbal communication skills
- Ability to synthesize complex information into clear insights
- Capable of providing challenge while maintaining collaborative relationships
- Curiosity and ability to research emerging and evolving risk topics
#LI-Hybrid
Salary Range:
$121,000.00 - $159,500.00
The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.
Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.
