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