Risk Management Specialist

Under the direction of the Director, Risk Management Services, the Risk Management Specialist is an expert resource in all aspects of TRU’s Risk Enterprise Risk Management (ERM) and Operational risk programs.

• Leader in the risk management function through facilitating the identification of risks throughout the University; develops, reports, and monitors risk management issues; and develops methodologies for the assessment of risks and subsequent mitigation/exploitation of risks to advance the University’s ERM framework
• Responsible for developing policies, procedures and programs related to operational risk management throughout TRU in support of the University’s academic and administrative programs and initiatives
• Provides consultative advice on insurance-related matters liaises to senior university officials, faculty, staff and students, and liaises with various external parties including the University and College Insurance Protection Program (UCIPP), insurers, brokers, adjusters, outside legal services when handling insurable matters

MAJOR RESPONSIBILITIES

Responsibility 1: ERM Program Development 

• Designs and implements the University’s enterprise risk framework, management processes and tools necessary to identify, evaluate, mitigate, and monitor the University's operational and strategic risk thresholds through the application of best practice ERM frameworks such as: ISO 31000:2018
• Ongoing management of TRU’s risk maturity assessment and health checks with senior university officials, faculty and staff on matters related to ERM
• Supervises qualitative and quantitative assessment of risks through data analysis 
• Undertakes risk management training and holds seminars to embed ERM best practices into operational units
• Prepares risk management reports to the University’s Audit Committee and/or Board of Governors
• Builds collaborative working relationships with staff external to the department and external networks within area of specialization.
• Independently initiates follow up on all action items and communications arising from the proceedings of ERM committee meetings and project meetings

Responsibility 2: Risk Management /Insurance 

• Coordinates property, liability and student insurance policies, and, if applicable alternative self-insurance programs. Assures timely renewals, policy issuances, providing underwriting data, and amends coverage as the University’s exposure to risk changes.
• Leads technical reviews of all insurance documents, including policies and endorsements, for accuracy
• Conducts independent analysis of contracts and agreements entered into by the University with respect to indemnity, insurance and other risk-related provisions, reviews certificates of insurance, and makes recommendations for mitigating contractual liability and risk
• Works closely with TRU General Counsel, Finance and other administrative units to identify areas of contractual/financial risk 
• Manages University certificates of insurance
• Maintains and regularly updates the content on Risk Management web pages

Responsibility 3: Incident Management and reporting 

• Tracking incidents (of potential liability) and analyzing incidents for legal liability trends 
• Recommend corrective actions
• Coordinating an interdisciplinary and multi departmental analysis when negative events occur
• Providing a statistical analysis of incidents to report to the University’s Finance and Audit Committee

Responsibility 4: Other duties as assigned & Day-to-Day Risk Management 

• At the request of the Director, performs other duties as assigned, including special projects.

REQUIRED KNOWLEDGE/SKILLS

Educational/Work Experience:

• Bachelor's degree in Finance or Communications
• Hold a Canadian Risk Management (CRM), or similar insurance/risk management designation.
• Three-Five (3-5) years of progressive risk management or commercial insurance company experience

Required Knowledge:

• Strong knowledge of business process and risk management principles and guidelines (e.g., IOS: 31000) 
• Excellent analytical, decision making and planning skills 
• Excellent written/oral communication skills, and the ability to deliver sensitive information tactfully and professionally 
• Demonstrated ability to effectively present information and respond to questions from management, staff and the general public 
• Demonstrated experience collaborating and working effectively with broad constituent groups and/or teams. 
• Demonstrated ability to work effectively with people of diverse backgrounds and perspectives.
• Demonstrated knowledge of basic contracting practices.
• Demonstrated ability to maintain high moral and ethical standards.
• Demonstrated ability to manage multiple competing projects and deadlines.

Preferred Qualifications:

• Experience in a higher education or government risk management program.
• Knowledge and experience with Enterprise Risk Management.
• Experience with a compliance program, internal controls, and/or policy writing.