Specialist, Model Risk Oversight job in Toronto
Toronto, Ontario Definity Financial
Job Ref: | 300002536511365 |
Employer: | Definity Financial |
Sector: |
Actuarial Consultancy
Investment Professional/Financial Services |
Qualifications: |
Fully Qualified Actuary
Part Qualified Actuary |
Software: |
Excel
Python R SQL VBA |
Job Type: | Full Time |
Salary and Benefits: | $69,800 - $140,400 per year |
Remote: | No |
Location | |
Country: | Canada |
State/Province/County: | Ontario |
City: | Toronto |
Post Code: | M5H 3T9 |
Map: | |
Description | |
Job Description The Model Risk Oversight function in Enterprise Risk Management (ERM) provides oversight for the Model Risk Management framework through which the model risks across the organization are identified, measured, managed, monitored, and reported. The scope and depth of model oversight activities across the organization will be significantly increased to meet the requirements of the regulators (i.e., OSFI and FSRA) and the Definity's Model Risk Management Policy (MRMP) standards. Reporting to the Manager, Model Risk Oversight, the incumbent is responsible for executing the model risk governance and oversight activities across the model lifecycle to ensure the model risk management initiatives comply with regulatory requirements and internal policies/standards/procedures. This position is a unique opportunity to learn how the models are developed and validated and how the model risks are controlled, mitigated, monitored and reported. As a member of Model Risk Oversight team and the Second Line of Defense, this role works closely with our business and control partners to manage the model risk exposure within our stated risk appetite, while allowing the business to achieve its goals. This role will support the management of model risk across the enterprise. What can you expect in this role?
What do you bring to the role?
Salary Range is $69,800 - $140,400. About Us Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" - they're essential to our success. What's in it for you?
Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance. Go ahead and expect a lot - you deserve it. It's better here - but don't take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion. Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting accessibility@definity.com. Background checks This role requires successful clearance of background checks (including criminal checks and leadership references). #LI-Hybrid About the Team Definity is the parent company to some of Canada's most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada's leading and most innovative property and casualty insurers. We can't do that without our people, so we embrace and encourage a culture that's collaborative, ambitious, rewarding, and empowering. We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It's better here. |
ref: (300002536511365) 8 days ago
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