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Senior Operational Risk Analyst

Posting Date: May 6, 2021

Location: Montréal, Quebec, CA, H3A 3A7

Company: Medavie Blue Cross

Blue Cross Life Insurance Company of Canada is a federally licensed company that distributes its products through a network of Blue Cross Plans.  The Company specializes in life and disability income protection products that supplement and enhance the portfolio of health products distributed by its Shareholder Blue Cross Plans.


Job Title: Senior Operational Risk Analyst
Department: Operational Risk Management
Competition: 12159
Internal/External: Internal/External
Employment Type: Permanent Full Time
Location: Montreal
Salary: Comprehensive Compensation and Benefits
Reports To: Manager, Operational Risk Management


The Opportunity:


Applications are being invited the position of Senior Operational Risk Analyst of Blue Cross Life Insurance Company of Canada. As a member of the Operational Risk Management team, you will play a significant role in monitoring and mitigating operational risks at Blue Cross Life. You will work closely with all functional areas of the Company as well as representatives from the distributor entites.


Key Responsibilities:


  • Continuous development of tools used to report operational risk information
    • Update and maintain access to Resolver (operational risk reporting system)
    • Revise and update operational risk policies and processes
  • Perform initial assessment for risk events reported through the Resolver system
  • Gather and analyze periodic operational risk information from all reporting parties
  • Help coordinate and facilitate operational risk workshops
  • Develop and execute assurance program in support of the Company’s three lines of defense model
  • Draft and update Operational Risk Dashboard for reporting to the Board of Directors
  • Interact with internal department leaders as well as risk representatives from distributor entities
  • Ensure communication of and adherence to reporting timelines






  • University degree in business, finance or accounting
  • Completion of SOA/CAS exams would be considered an asset, ideally at an associate level or above
  • Completion of a professional accounting designation


Work Experience:

  • Previous experience in a risk or compliance role
  • Experience in insurance and/or banking
  • Experience in the development and execution of audits (internal and/or external)


Computer Skills:

  • Superior knowledge of Microsoft Office, especially Excel
  • Knowledge of Governance, Risk and Compliance software is considered an asset


Language Skills:

  • Proficient in English
  • Bilingualism (French and English) will be considered an asset.



Core Competencies: 


Analytical Thinking: high attention to detail, looks beyond the obvious and can solve difficult problems with effective solutions.


Communication Skills: proven written, oral and listening skills, tailoring information and delivery to suit the nature of the material, audience and situation. 


Execution and Organizational Skills: Ability to work in a demanding, fast paced environment and to establish priorities.


Team Work Skills: Strong interpersonal skills, positive attitude and ability to work in a group or independently.






We would like to thank all candidates for expressing interest.  Please note only those selected for interviews will be contacted.

Blue Cross Life is an equal opportunity employer.

Job Segment: Risk Management, Finance