Company: Sovereign Insurance
Department: Risk & Governance
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant
The Opportunity:
At Sovereign Insurance, a wholly owned subsidiary of The Co-operators General Insurance Company, we believe leadership is shaped by purpose, collaboration, and meaningful contribution. When you grow, we grow — your success crowns ours.
We value diverse perspectives, bold ideas, and people who lift others up. Here, your initiative matters, and your efforts help build the resilience of the Canadian businesses and communities we serve.
That shared commitment strengthens our culture and moves us forward — together. That’s the Crown Effect.
The Risk & Control Specialist is responsible for supporting risk and control activities across Sovereign Insurance. This role focuses on preparing oversight documentation, maintaining risk registers, and ensuring processes and governance materials are kept accurate and up to date. The Risk & Control Specialist gathers and analyzes risk and control data to support assessments, tracks follow‑ups and identifies trends that inform proactive risk insights including testing and monitoring of key controls.
How you will create impact:
- Developing and maintaining risk and control documentation, including processes, workflows, governance materials, and support for review and testing activities.
- Preparing dashboards, presentations, and reports that provide clear insights into risk exposure and control effectiveness for decision making.
- Managing and maintaining a centralized risk register, ensuring accuracy, completeness, and integrity of all reported data.
- Partnering with stakeholders and subject matter experts to gather data, validate control objectives, and ensure alignment with risk management requirements.
- Assessing control design and effectiveness by identifying gaps, challenging assumptions, and recommending improvements.
- Tracking, documenting, and following up on remediation actions to ensure timely resolution of identified issues and risk gaps.
- Conducting ongoing monitoring and testing of controls, operational risk events, and incident response activities in line with established standards.
- Analyzing risk trends and providing proactive insights while supporting audit readiness through thorough documentation and reporting.
To join our team:
- Bachelor’s degree in Business Administration, Public Administration, Public Policy, Economics, Finance, Insurance, or a related field.
- 3 to 5 years of experience in risk management, insurance, or public policy environments.
- Professional certifications such as Canadian Risk Management, Professional Risk Manager, or Operational Risk Manager are considered an asset.
- Strong knowledge of operational, IT, and third-party risk management, regulatory compliance, and business continuity practices.
- Demonstrated ability to assess risk and control frameworks, identify gaps, and contribute to risk assessments and mitigation strategies.
- Excellent attention to detail, communication, and time management skills, with the ability to work independently while maintaining confidentiality and building credibility with both business and technical stakeholders.
How you will succeed:
- You thrive on delivering our exceptional client experience through positive and engaging relationships; embracing accountability to achieve effective results.
- You ensure your day to day actions are in harmony with the company’s purpose, vision, and values even when challenged.
- You are open and adaptable to changing conditions with a natural curiosity to explore and try new approaches.
- You value cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions.
What you need to know:
- You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
- This position will operate on a hybrid work posture which will require an in-office presence of at least twice a week.
- Detail oriented work that requires a high degree of mental concentration for extended periods of time.
What’s in it for you?
- Room to grow with confidence — build your career, contribute your ideas, and see the impact of your work.
- A culture that values you — inclusive, collaborative, and respectful, where different perspectives are encouraged and heard.
- Rewards that recognize you and the work you do - competitive salary and variable compensation, benefits and pension, paid time off, development and recognition programs.
- Support for your well-being — a holistic approach to physical, mental, social, and financial wellness.
- Pride in purpose — being part of a Canadian organization dedicated to protecting Canadian businesses and the communities they serve while giving back through volunteering, donations, and national initiatives that help build a more sustainable future.
Expected salary/hourly range $60,574 - $100,956
The salary amount for the successful candidate is determined by Sovereign in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.
Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.
