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 recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions. The Director, Risk Management is high-visibility position that works with various parts of the business and 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. The role is instrumental in driving effective risk mitigation strategies and ensuring robust business continuity planning. This role offers a high-impact opportunity to shape risk strategy and governance at a senior level within a globally connected organization.

Risk Management & Reporting: Prepare, review, and analyze materials for the Senior Management and 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, oversee and direct testing protocols, and reporting. Champion framework governance and ensure organizational alignment, training, and framework updates in line with company policies and industry standards.

Collaborate with Munich Re Group and HSB Group for activities related to risk management and controls. 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.

Act as a liaison for all 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.



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. Bachelor’s or Master’s degree in accounting, finance, mathematics, economics, risk management, actuarial science, or a related field. ~ 5+ 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 preferred. ~ Proven ability to influence the executive level and drive risk culture across a complex organization. ~ Experience in business transformation projects and system implementation related to risk management ~ Understanding of operational risk and controls in insurance and engineering business operations. ~ Solid 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. 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.

📌 Director, Risk Management (15 Month Contract) (Toronto)
🏢 HSB Canada
📍 Toronto