Manager ERM: Internal Controls, Audit & Compliance

Job Code: 9292
Location: Waterloo, ON
Department: Legal
# of openings: 1
Job Type: Full Time
Closing Date: 25/07/19

Description

WHY ECONOMICAL?

Because a changing industry calls for a new way of doing things. An ambitious, innovative and fast-paced company, we offer exceptional training and development programs, competitive pay, great benefits, company-matched RRSPs, and paid volunteer days — all within an engaging, fun, and collaborative work environment.

 

Location: Please note this position can be based out of Waterloo or Toronto. If based out of Toronto, there will be some required flexibility to commute between offices

 

Founded more than 145 years ago, Economical is one of Canada’s leading property and casualty insurance companies. We rely on our national network of more than 800 independent brokers to sell a range of car, home, business, and farm insurance solutions. With Sonnet and Petline, we’re extending our reach through the direct-to-customer channel. With more than 2,400 active employees across the country and a commitment to rethinking the insurance experience, we’re poised for great things.

We’re now adding to our high-performance team to take us into the future. Let’s rethink insurance, together.

 

The Manager ERM: Internal Controls, Audit & Compliance is responsible for managing the compliance program which includes assessment of control design, validation of control effectiveness and reporting over:

  • Internal Controls over Financial Reporting (ICFR) supporting the CEO/CFO certification and

  • Regulatory compliance supporting the Chief Compliance Officer opinion under OSFI Guideline E13 Regulatory Compliance Management.

He/She has accountabilities within the Enterprise Risk Management (ERM) program to support identification, assessment, mitigation, and reporting of enterprise risks.

The Manager ERM: Internal Controls, Audit & Compliance also provides subject matter expertise to strategic initiatives to ensure enterprise and compliance risks are identified, assessed and managed appropriately through the implementation and operationalizing of the strategic initiatives.

In delivering on the role’s mandate, the Manager ERM: Internal Controls, Audit & Compliance works closely with Executive Leadership Team (ELT), Senior Management and Business Unit management across the company.

RESPONSIBILITIES

Manage the Compliance program:

  • Manage and continue to enhance the compliance program, policies and procedures to ensure continuous improvement and program maturity

  • Manage the ICFR validation program to assess, validate and report on the design and effectiveness of key internal controls to support the CEO/CFO certification.

  • Manage the regulatory compliance attestation and validation program to assess, validate and report the effectiveness of compliance with key regulatory requirements in compliance with OSFI Guideline E13 Regulatory Compliance Management and Corporate Governance Guideline.

  • Manage the validation of corporate policies compliance against compliance requirements.

  • Report on identified gaps and provide recommendations for improving internal control operations.

  • Manage management and Board reporting.

  • Manage internal and external resource supporting this work.

 

Support the Enterprise Risk Management (ERM) program:

  • Continue to enhance the enterprise risk management program, policies, standards, guidelines, procedures and reporting

  • Conduct risk assessment interviews and workshops with the ELT and their senior leadership team to identify, assess, mitigate and report on top and emerging risks.

  • Provide constructive challenge and monitoring of mitigating plans to address risks.

  • Manage the preparation of enterprise risk management reporting including adherence to the risk appetite, input in the Letter of Representation (LOR), various dashboards.

  • Development of specialized analysis, reporting and presentations as required for management and board reporting.

  • Support ad hoc special risk projects as required.

  • Assist with the development of corporate policies, standards and guidelines to manage key risks.

  • Foster the awareness of the company's policies and procedures by providing on-going expert advisory and consultative support to all departments.

 

Provide support to strategic initiatives:

  • Provide second line of defence input and constructive challenge to ensure compliance and enterprise risks are identified, assessed and managed to remain within Economical's risk appetite throughout the implementation and operationalizing of the strategic initiatives.

  • Support ERM's risk assessment and reporting on strategic initiatives.

 

Research and remain current with emerging best practices in compliance, risk management and reporting:

  • Research and evaluate leading and emerging industry practices and adopt continuous improvement principles to support success.

 

REQUIREMENTS

  • Relevant professional designation (i.e. CPA /LLB/JD or Certified Internal Auditor)

  • 3-5 years of related experience in internal/external audit, or compliance, ideally within the insurance or financial services industries

  • Internal/external audit experience with a professional services firm or experience in finance or internal audit functions within a public company is an asset.

  • Good understanding of property and causality business operations and of the related internal control and regulatory requirements.

  • Excellent stakeholder relationship management and influencing skills with the ability to effectively and constructively challenge stakeholders to drive appropriate risk management outcomes.

  • Ability to build strong relationships externally and internally with people from all levels to help foster a positive compliance culture.

  • Strong organizational and analytical problem-solving skills.

  • Excellent verbal and written communication skills.

  • Proficient in Microsoft office products.

At Economical, we all work together to come up with big ideas — then bring them to life. We focus on our customers first, we bring our best, and we’re stronger together. If you’ve got the passion and the desire to help us reinvent insurance, let’s talk.

 

HOW TO APPLY

To complete the online application process, you’ll need to upload your resume before you apply for the role you’re interested in. Please note that only one document can be uploaded, so be sure to combine your resume and cover letter.

 

We are committed to providing an inclusive work environment that welcomes diversity and supports accessibility across the organization. If you require accommodation at any time during the recruitment process, please let us know by contacting:  hrsharedservices@economical.com .

Visit  economical.com to learn more about us and what we’re up to.

 

Economical Insurance includes the following companies: Economical Mutual Insurance Company, The Missisquoi Insurance Company, Perth Insurance Company, Waterloo Insurance Company, Family Insurance Solutions Inc., Sonnet Insurance Company, Petline Insurance Company.

 





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