Director, Risk Management

IO’s Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency’s finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $18 billion in local infrastructure development, and IO’s Information Technology and Business Services, providing tools and systems to ensure secure, effective, and efficient operations.

Posting close: May 24, 2021

Level of position: Management (M3)

To support the execution and development of the risk management function at IO. This is achieved through collaborating with the Executive team and the Board to help the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, and control processes. This includes developing the standards (framework, methodologies, policy/policies, guidelines and/or procedures) for ERM for IO, and to act as a risk advisor to the SVP, ERM, who will work with executive and senior management, the Board, other business units on risk-related matters.

What You Will Do:
Maintains the corporate risk register to ensure risk ratings are current and risk descriptions are relevant, either through a formal risk refresh exercise or through period discussions with senior and executive management.

Maintains the ERM policy, including periodic review and administering of policy updates for approval by the Board; communication of the policy and changes to all relevant parties.

Leads timely and accurate quarterly reporting of enterprise risk management/mitigation, along with associated awareness and socialization with key stakeholders and committees.

Works with and supports the SVP, ERM in identifying the key risks ‘deep dives’ to the Board on a quarterly basis.

Identifies, investigates and escalates, as appropriate, new and emerging risks for consideration in the corporate risk register.

Supporting the SVP, ERM in ensuring risk management integration with IO’s strategic planning process, business planning, budgeting, and business cases, by working with business unit contacts and peers.

Act as an advisor on risk issues relating to new initiatives, strategic decisions and major changes in strategy, at the business unit level and in supporting the SVP, ERM in working with the EMT and Board.

Ensures new quarterly risk reporting requirements with MOI is maintained; as well as helping to manage ministry expectations and influencing outcomes within the Director’s sphere of influence.

Contributes meaningfully in providing a risk perspective at Management oversight committees or ad hoc support to business units (as applicable).

This role will be responsible for elevating and helping to implement risk tools and techniques that are new to IO: implementation of new risk processes (e.g. emerging risk identification, environmental scanning/risk sensing); developing consolidated risk information and reporting; risk appetite statements and risk decision frameworks; and providing advisory/strategic support.

Who We’re Looking For:
University degree with a professional designation (CIA, CA, CMA, CGA, CRMA and CRM), or advanced degree (MBA). Certificate in Risk Management (CRM) or Certification in Risk Management Assurance (CRMA) is an asset.

Sound knowledge of accounting, auditing and risk management principles (ISO 31000 or COSO 2013); audit practices and procedures and relevant auditing standards.

Knowledge of the public sector risk environment and risk software tools.

A minimum of 8 years of direct enterprise or business risk management experience, leading teams and managing objectives.

Experience in the development, implementation and maintenance of the enterprise risk management framework and comprehensive risk reporting, tailored to the audience, that accurately communicates the organization’s current and changing risk profile.

Experience liaising and/or presenting to executive management and/or Board level committees.

The position has responsibility for the day-to-day activity and execution of the risk management department. This includes the quality of deliverables (i.e. risk dashboards) and the professionalism of the team members. The position has some latitude with respect to the implementation of new risk management approaches, processes, tools and techniques. The reports and advice that are provided, improve the organizations monitoring and management of significant corporate-level risks, thereby operating more effectively. In addition to Executive and senior management, the work also informs the Board of Directors, helping them make informed decisions on the direction of the Agency.

Infrastructure Ontario is an inclusive employer, we encourage applications from all qualified candidates. We will accommodate your needs under the Ontario Human Rights Code. We thank all applicants in advance for their interest; however, only those candidates selected for an interview will be contacted.

By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.