Career Opportunity

Role Title

Senior Manager, Financial Risk Management

Purpose of role

The 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 Description

Key Responsibilities

Capital 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,



forward‑looking capital risk narrative for senior management and Board committees
- Contribute to explicit articulation of capital vulnerabilities, sensitivities, and emerging risks.

Climate-Related Financial Risk Management

- Lead the Risk function’s climate‑related 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 decision‑making
- Translate technical analysis into concise, decision‑useful 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

📌 Senior Manager, Financial Risk Management (Toronto)
🏢 Foresters Financial
📍 Toronto