Desjardins Group

Senior Operational Risk Advisor, Life and Health Insurance

Desjardins Group$100K — $120K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in actuarial science, business administration, finance, accounting, risk management or a related field.
  • Minimum of eight years in life and health insurance, specifically in operational risk management.
  • Professional designation in risk management or actuarial science (e.g., FRM, PRM, ORM, CRM, ASA, CERA).
  • Expertise in steering complex files and overseeing operational risk processes.
  • Fluency in French and advanced proficiency in English, both spoken and written.
  • Deep understanding of life and health insurance products, processes, and regulatory issues.

Responsibilities

  • Produce, analyze, and present quarterly operational risk reports for the sector.
  • Maintain dialogue with colleagues to identify and manage risks proactively.
  • Ensure quality and business value in second line of defence deliverables through reviews and challenges.
  • Diagnose priority issues and align activities with the sector roadmap.
  • Guide and coordinate team files, and mentor team members through feedback and knowledge transfer.
  • Represent the team in committees, filling in for the risk officer when necessary.
  • Assist in updating operational risk management practices and tools for the sector.

Benefits

  • Competitive salary and annual bonus.
  • 4 weeks of flexible vacation starting in the first year.
  • Defined benefit pension plan for stable retirement income.
  • Comprehensive group insurance including telemedicine services.
  • Reimbursement for health and wellness expenses and telework equipment.
Full Job Description
As a senior operational risk advisor for the second line of defence, you act as a preferred strategic partner representing the life and health insurance sector. You provide added value thanks to your in-depth expertise in the life and health insurance sector, as well as your ability to monitor, challenge and establish guidelines for non-financial risks, with a view to creating value and ensuring the long-term viability of business activities. Recognized as a point of reference in life and health insurance, you have an in-depth understanding of the various products, processes, regulatory issues and operational risks specific to this sector (distribution, administration, claims, client experience, digital transformation, suppliers, etc.). You use this knowledge to make informed decisions that are consistent and aligned with risk management best practices. You play a leadership role within the second line of defence, in particular by overseeing the end-to-end production of the sector's quarterly reports on operational risks. You independently oversee complex files and facilitate structured, pragmatic and business-oriented discussions with high-level internal partners. Your ability to explain complex life and health insurance issues at the executive level is an important part of your role. You also provide support to the risk officer, who you may occasionally replace at key meetings, thereby ensuring that risks are consistently represented in the sector's strategic directions. More specifically, you will be required to :
  • Produce, analyze, write and present the quarterly operational risk report for the life and health insurance sector, demonstrating a thorough understanding of applicable business and regulatory issues.
  • Maintain ongoing business dialogue with colleagues in the life and health insurance sector to support teams in identifying, assessing and proactively managing risks.
  • Ensure the quality, consistency and business value of the second line of defence's deliverables, including conducting reviews, challenges and quality assurance of the risk positions.
  • Maintain an integrated vision of the life and health insurance sector's risks, diagnose priority issues and prioritize activities in line with the sector roadmap.
  • Serve as an expert point of reference for assigning, coordinating and guiding files, and contribute to team member development through knowledge transfer and feedback.
  • Represent the team on various committees and decision-making bodies, including filling in for the risk officer, and influence key decisions on multidisciplinary projects affecting life and health insurance.
  • Actively assist with efforts to update operational risk management practices, processes, tools and methodologies, taking into account considerations specific to the life and health insurance sector.


What we offer*
  • Competitive salary and annual bonus
  • 4 weeks of flexible vacation starting in the first year
  • Defined benefit pension plan that provides predictable, stable income throughout retirement
  • Group insurance including telemedicine
  • Reimbursement of health and wellness expenses and telework equipment

*Benefits apply based on eligibility criteria.

#LI-Hybrid

What you bring to the table
  • Bachelor's degree in actuarial science, business administration, finance, accounting, risk management or any other relevant field
  • A minimum of eight years of relevant experience, including significant experience in the life and health insurance sector
  • Please note that other combinations of qualifications and relevant experience may be considered
  • Experience steering complex files
  • Experience in operational risk management, including knowledge of risk management methodologies, frameworks and tools
  • Professional designation in risk management (FRM, PRM, ORM, CRM, etc.) or in actuarial science (ASA, CERA)
  • Proficiency in French, both spoken and written
  • Advanced proficiency of English, both oral and written due to the nature of the duties or work tools or because the position involves interactions with English-speaking partners, members and/or clients
  • Demonstrated expertise in life and health insurance, including an in-depth understanding of products, processes and operational issues
  • Expertise in performing analyses, writing and giving presentations at the executive level
  • Knowledge of a financial institution's business activities and operations
Action oriented, Customer Focus, Differences, Interpersonal Savvy, Nimble learning, Strategic mindset

Trade Union (If applicable)

Job Family
Risk management (FG)

Unposting Date
2026-08-14

About Desjardins Group

Desjardins Group is a Canadian cooperative financial group with headquarters in Montreal, Quebec. It was founded in 1900 and has since grown to become the largest cooperative financial group in Canada, with over 7 million members and clients. The group offers a range of financial services including banking, insurance, wealth management, and investment services. Desjardins Group operates primarily in Quebec and Ontario, but also has a presence in other Canadian provinces as well as in the United States and Europe. The group is committed to social responsibility and sustainability, and has implemented various initiatives to promote these values.
Learn more about Desjardins Group
Size
48,200 employees
Industry

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