AVP, Insurance Risk

About the role

The AVP, Insurance Risk provides independent oversight, review and challenge of insurance risk across Aviva Canada, supporting the Chief Risk Officer in strengthening the management and optimization of insurance risk and maintaining the effectiveness of the Risk Management Framework. The role focuses on one or more insurance risk specialisms.

Key responsibilities

• Review and challenge the management and optimization of insurance risk, identifying opportunities to strengthen practices and outcomes.
• Provide specialist oversight in areas such as pricing, reserving, exposure management, reinsurance, capital management and model risk.
• Develop clear, evidence-based risk opinions on material insurance risk matters and business decisions.
• Lead targeted insurance risk deep dives, synthesize findings and recommend proportionate actions or improvements.
• Identify emerging trends, risks and opportunities and their impact on performance measures and risk appetite.
• Engage senior stakeholders across Risk, Actuarial, Claims, Pricing and Underwriting to promote effective risk ownership and informed decision-making.
• Support the development, maintenance and enhancement of insurance risk policies, standards, risk appetite metrics, limits and governance processes.
• Monitor key insurance risk exposures, limits and risk appetite metrics, and escalate emerging issues to relevant stakeholders.
• Provide an independent risk perspective to governance forums, committees and senior leadership, and challenge material business initiatives, model changes, underwriting strategies and pricing approaches.

Required profile

• Bachelor's degree and a relevant professional designation (e.g., FCAS, FCIA, FSA, CRM) or equivalent education in risk, actuarial science, underwriting, pricing, finance, capital or a related discipline.
• 10+ years of experience in risk leadership within general insurance, with expertise in actuarial, underwriting, pricing, capital, reserving, reinsurance, exposure management or model risk.
• Proven ability to review, challenge and influence complex business decisions while driving issues to resolution.
• Strong stakeholder management and communication skills, including influencing senior leaders without direct authority.

Required skills

• Strong understanding of insurance risk, risk governance, risk appetite frameworks and regulatory expectations.
• Knowledge of broader enterprise, conduct and operational risk management.
• Analytical, commercial and strategic thinking, able to turn complex technical matters into clear business advice.

What we offer

• Competitive executive compensation package, including annual incentive opportunities.
• Pension and retirement savings programs.
• Flexible hybrid work model.
• Health and wellness benefits, vacation and wellness offerings.
• Professional development and executive leadership growth opportunities.
• Inclusive employee resource groups, diversity initiatives, volunteer opportunities and community impact programs.