Senior Manager, Financial Risk Management

Career Opportunity Role Title Senior Manager, Financial Risk Management
Purpose of role
The Senior Manager, Financial Risk Management, is responsible for strengthening the enterprise-wide risk management capability, with a primary focus on capital risk, model risk, and climate-related financial risk. A key outcome for this role is ensuring that material risks are effectively identified, assessed, monitored, governed, and communicated to senior management and Board committees. The incumbent will provide strategic risk oversight, challenge, and integration across functional areas including Actuarial, Finance, Investments, IT, and Compliance while supporting the organization’s risk governance framework and regulatory expectations. The role will also manage and develop one direct report.Key Responsibilities
Capital Risk & ORSA
Lead the independent risk assessment of capital adequacy, stress testing, and Own Risk and Solvency Assessment (ORSA) processesLead the review and challenge of key model and market assumptions, scenarios, and management actions from a risk perspectiveCoordinate inputs across relevant functions to support a coherent, forward‑looking capital risk narrative for senior management and Board committeesContribute to clear articulation of capital vulnerabilities, sensitivities, and emerging risks.Climate-Related Financial Risk Management
Lead the Risk function’s climate‑related financial risk managementLead the research and development of a climate related financial modeling frameworkCoordinate climate risk scenario analysis and integration into Enterprise Risk Management (ERM) and ORSA processesDirect collaboration with Investments, Actuarial, and Sustainability stakeholders to ensure climate risk considerations are embedded into decision‑makingTranslate technical analysis into concise, decision‑useful insights for executive and Board audiences.Enterprise-wide Model Risk Governance
Strengthen model risk governance from a Risk oversight perspective, supporting development and monitoring of model risk appetite and tolerancesProvide effective challenge related to model use and reliance, including emerging model risks associated with advanced analytics and artificial intelligenceContribute to model risk awareness and education across senior management, governance forums, and the first lineEnterprise Risk Reporting & Communication
Support preparation of risk materials for executive and Board‑level committeesFocus on prioritization, clarity, and relevance of risk messaging, highlighting what matters most and whyRisk Governance & Coordination
Support the effectiveness of enterprise risk governance processes and forumsEnhance clarity of ownership and accountability across risk categories through effective coordination and RACI alignmentAct as a connector across first‑ and second‑line functions to ensure consistent understanding and management of enterprise risksPeople Leadership
Lead, manage, coach and develop one direct report through clear objectives, regular feedback and meaningful development opportunitiesKey Qualifications
Education (minimum required): Bachelor's degree in Actuarial Science, Mathematics or similarExperience (minimum required): Looking for 10+ yearsQualified actuary or senior actuarial student with significant practical experienceStrong understanding of capital adequacy, stress testing, and enterprise risk management within financial servicesSolid knowledge of model risk concepts and governance frameworksDemonstrated ability to interpret and challenge complex technical information and communicate it clearly to senior audiencesExperience operating in cross functional environments with multiple stakeholdersStrategic thinking and sound judgmentStrong written and verbal communication skillsAbility to synthesize complex information into clear insightsCapable of providing challenge while maintaining collaborative relationshipsCuriosity and ability to research emerging and evolving risk topics#LI-Hybrid
Salary Range
Salary Range: $121,000.00 - $159,500.00 The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance. Please note that this posting is intended to fill an existing vacancy;
however, there may be instances where more than one vacancy is available for the same role.Equal Opportunity Employment and Inclusion – at Foresters Financial
Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves. Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email View email address on ca.hrm.tc in advance of your appointment.Thank you for choosing Foresters.Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.Foresters Financial™ is an international financial services provider with a unique history that began in 1874 when we set out to provide access to life insurance for average, working families. More than 150 years later, we provide life insurance, savings, retirement and investment solutions that help families achieve long‑term financial health and security.
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