Career Chance

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 transparent 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‑practical 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
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📌 Senior Manager, Financial Risk Management Toronto (Canada)
🏢 Foresters Financial
📍 Canada