Job Description

Assist the Director, Enterprise Risk Management in ensuring WSIB's consistent application of the enterprise risk management framework and applicable risk management directive requirements. Assist in the development, implementation and administration of enterprise-wide risk management programs and tools relating to financial, operational, strategic and reputational risk. Provide technical expertise, advice and leadership to various WSIB stakeholders, including major projects + programs on potential risks, and support risk-based decisions, including risk/reward + cost/benefit + options analysis. Support, educate and train staff to build risk awareness within the organization.

Major Responsibilities:

1. Assist Director, Enterprise Risk Management in developing, implementing and administering the enterprise risk management framework at the WSIB:

Identify stakeholders that require information to make decisions on risks facing the WSIB and ensure the right information is available to them in making risk-informed decisions;*
Contribute to the identification and monitoring of actions to strengthen the controls, identification of potential loss events and emerging risks (both internal and external);*
Plan, prepare and carry out risk identification and assessment workshops with business areas to identify and prioritize risks and assess the effectiveness of controls;*
Develop and facilitate risk management training with business areas*
Develop, implement and maintain tools and methodologies for identifying, logging, quantifying and reporting risks consistently as required;*
Design, implement and optimize the use of risk metrics and of governance risk and compliance technology and tools to enable automation, simplify risk management, and advance data-driven risk management*
Assess processes and strategies in place to mitigate risks, identify new ways to further enhance the business' risk mitigation and improve the overall risk return profile.*

2. Provide Enterprise Risk Management (ERM) reporting to relevant WSIB stakeholders:

Coordinate and prepare quarterly ERM Reports for Executive Committee and the Governance Committee of the Board of Directors as assigned.*

3. Develop and maintain effective communication linkages and relationships with business areas to discuss and resolve issues and exchange information of mutual concern in relation to enterprise wide risk management. Act as a trusted risk advisor to the business areas to facilitate meaningful dialogue around risks associated with significant enterprise decisions.

Liaise with business areas and ensure that risk monitoring, management and reporting of key risk exposures are appropriately set at the enterprise level through independent monitoring;*
Consult to risk/control owners' around the identification, assessment, and mitigation of risks on an ongoing basis;*
Advise business areas on technical elements of risk management which involves risk identification, assessment, mitigation planning, monitoring, triggers/responses, evaluation and reporting.*

4. Assist Director, Enterprise Risk Management, and, Senior Director, Corporate Risk Management Services in managing the internal governance process for new initiatives as they relate to enterprise risk:

Participate in the Portfolio Governance Committee as assigned;*
Ensure all participants have identified the risks related to the new initiative and mitigated actions have been identified, if required;*
Enhance risk analysis tools used for project submissions and reporting*

Job Requirements:

1) Education requirements:

Minimum Level Required

Undergraduate degree in Business, Finance or Economics*

Preferred Level

Master's degree in Business, Finance or Economics*
Canadian Risk Management (CRM), Fellow in Risk Management (FRM) or RIMS Fellow (RF) designation*

2) Experience:

Minimum Level Required

5-7 years in the Financial or Insurance field in a similar role, Operational Risk role or Risk Management consulting role focusing on Financial Institutions*
3+ years leadership role*
Experience implementing a orporate risk management framework and policy*
Experience developing and implementing risk measures to quantify and predict risks using data.*
Experience developing, implementing and using a Governance, Risk and Compliance (GRC) management tool in a comparator organization.*
Sound and practical knowledge of enterprise risk management and business strategy*
Knowledge and understanding of legislative requirements applying to public agencies and to the WSIB specifically*
Personal effectiveness (flexible, adaptable, self-confident, decisive)*
Problem solving, analysis, judgment, analytical skills, experience with developing quantitative risk models*
Ability to deliver (initiative, perseverance, energetic and process improvement skills)*
Interpersonal Savvy (listening skills and empathy, strong written and presentation skills)*

Preferred Level

7-10 years in the Financial or Insurance field in a similar role, Operational Risk or Risk Management consulting role focusing on Financial Institutions*
3+ years leadership role*
Same as minimum*

Our commitment to equity, diversity and inclusion

We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.


We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. We invite all interested individuals to apply. If you require accommodations in order to apply to this position please contact talentacquisitioncentre@wsib.on.ca. If you are invited to participate in the interview or assessment process, you can advise our Recruiter of your accommodation needs at that time.


Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential

Disclosing conflicts of interest

As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at talentacquisitioncentre@wsib.on.ca.

Privacy information

We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997. The Talent Acquisition Centre and WSIB hiring parties will used this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB's Privacy Office at privacy_office@wsib.on.ca. The Privacy Office cannot provide information about the status of your application.


As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired.

To apply for this position, please submit your application by the closing date.