Manager Capital and Risk Management

Posting Date: Jul 1, 2024

Location: Prince Edward Island, CA ON, CA NL, CA New Brunswick, CA Quebec, CA Nova Scotia, CA

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. Blue Cross Life specializes in life insurance, living benefits and disability income protection products to supplement and enhance the portfolio of health and dental products distributed by the Blue Cross Plans. 


Our employees are the key component in enabling us to deliver competitive life and disability products nationally; we value their knowledge and integrity and are dedicated to their professional development by providing an environment of continuous learning and growth. We seek creative problem solvers who care about the work they do while helping to drive responsiveness and insight throughout our organization. 


If you are looking for an opportunity in a challenging, fast-paced, and collaborative work environment, the career you have been looking for may be waiting for you at Blue Cross Life.


Job Title: Manager, Capital & Risk Management
Department: Risk & Compliance
Competition: 86883
Internal/External: Internal/ External
Employment Type: Permanent, Full-Time
Location: Remote in Ontario or Atlantic Canada
Salary: Competitive Compensation Package
Reports To: Director

As the Manager, Capital & Risk Management, you will lead and manage the team whose main role is developing, maintaining and executing our Enterprise Risk Management Framework. You will work collaboratively with the team to identify, assess, monitor and report risks, as well as advise and assist Senior Management with corporate strategies to manage risks. Working with all functional areas of the business, you will be responsible for establishing and maintaining our Climate Risk Management Framework, including supporting management in preparing climate-related financial disclosures as required for regulatory compliance. Additionally, you will support the development and maintenance of the Company’s Business Continuity Program.



  • Provide leadership and guidance in the development, implementation, and execution of the Company’s Enterprise Risk Management (ERM) Framework, including Risk Identification, Risk Assessment & Monitoring, and Reporting. 
  • Maintain the Company’s Risk Appetite Framework and other Board and Management level risk management policies.
  • Design and oversee the maintenance of the Company’s Risk Register and oversee corporate risk identification exercises for current and emerging risks.
  • Promote awareness of the Company’s Risk Management practices.
    • Design and deliver training to the Company and its service providers relating to ERM, RAF and related risk management requirements.
  • Support Management in preparing quarterly report to the Board and its committees.
  • Establish and maintain the Company’s Climate Risk Management Framework.
  • Support management in preparing climate-related financial disclosures as required for regulatory compliance.
  • Assist in the development and maintenance of the Company’s Business Continuity Program.
  • Provide leadership and guidance to the Company’s business unit leaders in the development of departmental plans to support the overall Company plans.
  • Assist the Business Continuity Coordinator during critical incidents.
  • Assist in the development and coordination of the annual tabletop testing with Management and the Board of Directors in accordance with established timelines.



  • University degree in business, finance, accounting, mathematics or actuarial science.
  • 5+ years of relevant work experience.
  • Comprehensive understanding of risk management principles/theory.
  • Excellent communication skills (both verbal and written).
  • Proven written, oral and listening skills, tailoring information and delivery to suit the nature of the material, audience and situation.
  • Proven ability to establish and maintain effective working relationships.
  • High attention to detail, looks beyond the obvious and takes the initiative to solve difficult problems with effective solutions while managing tight timelines.
  • Ability to interact comfortably with Senior Management as well as business unit leaders in order to promote risk culture.
  • Ability to work in a demanding, fast paced environment and to establish and maintain progress between multiple priorities.
  • Strong interpersonal skills, positive attitude and ability to lead teams in the successful completion of assigned work.



  • Completion of SOA/CAS exams, ideally at an associate level or above.
  • Comprehensive understanding of risk modelling methodologies.
  • Experience in insurance and/or banking.
  • Knowledge of Excel, VBA or AXIS.
  • Understanding of GHG Protocol Accounting and Reporting Standards – Corporate Standard and Corporate Value Chain (Scope 3) Standard.
  • Proficient knowledge of sustainability reporting frameworks – TCFD, ISSB, and PCAF.
  • Bilingualism (ENG/FR).


Blue Cross Life is an equal opportunity employer. We strive to foster a culture where everyone is enabled to achieve their full potential - a culture of diversity, equity and inclusion (DEI). Accessibility is a top priority.
For applicants with disabilities, we provide accommodations throughout the recruitment, selection and/or assessment process. If selected to participate in the recruitment, selection and/or assessment process, please inform Human Resources staff of the nature of any accommodation(s) that you may require in respect of any materials or processes used to ensure your equal participation. 
We would like to thank all candidates for expressing interest.  Please note that only those selected for interviews will be contacted. 

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