Senior Risk Consultant

Allstate Allstate · Insurance · Canada

This role is a second-line risk and control function focused on implementing Risk and Return Management (RRM) programs. It involves identifying, analyzing, and documenting operational risks, control gaps, and emerging trends. The candidate will collaborate with various areas of responsibility (AORs) to gather and analyze risk data, design and execute control testing, and ensure compliance with internal policies and regulatory requirements. The role also involves preparing risk reporting and acting as a liaison across different lines of defense.

What you'd actually do

  1. Lead and support enterprise risk assessments by identifying, analyzing, and documenting operational risks, control gaps, and emerging industry trends.
  2. Contribute to the enhancement and maturity of the Enterprise Risk & Resilience Management Framework (ERRMF) and related risk programs.
  3. Design and execute control testing, key risk indicator (KRI), and issue and incident management activities to evaluate control effectiveness.
  4. Apply data analytics to monitor risk trends, identify anomalies, and drive continuous improvement of controls and processes.
  5. Track and oversee issues, incidents, losses, and near misses, ensuring root cause analysis and timely remediation.

Skills

Required

  • Risk Management
  • Risk Analysis
  • Risk Assessment
  • Operation Risk Management
  • Control Frameworks
  • Data Analysis
  • Stakeholder Engagement
  • Strategy Execution
  • Data Driven Approach

What the JD emphasized

  • Ensure compliance with internal policies, regulatory requirements, and industry standards (e.g., OSFI, FSRA, IFRS 17, SOX, Solvency II), supported by testing and validation.