Vice President, Enterprise Risk Management

Full-time Regular Corporate Office, Toronto, ON, CA

Who We Are Canada Guaranty is a privately held Canadian mortgage insurer, established in 2010 following the acquisition of AIG United Guaranty Mortgage Insurance Company Canada by the Ontario Teachers’ Pension Plan and National Mortgage Guaranty Holdings Inc.

As a proudly Canadian company, we are committed to service excellence and helping Canadians achieve successful, long-term homeownership. Our mortgage solutions help protect lenders and investors from losses related to borrower default and foreclosure while ensuring Canadians are provided with greater access to affordable and sustainable homeownership.

Canada Guaranty’s performance-driven culture thrives on accountability, collaboration, and supportive teamwork. If you’re a dedicated team player with a strong track record of excellence, we can’t wait to hear from you!

About The Opportunity

Reporting to the Chief Risk Officer, the Vice President, Enterprise Risk Management will oversee the design, implementation, and continuous improvements of the company’s enterprise risk management framework. Overseeing a team of eight professionals, you will lead the second line of Defence, and report on a broad range of risks (credit, operational, model, financial, regulatory, strategic, and reputational).

In this role, you will:

• Lead ongoing maintenance and improvement of the company’s ERM framework, as well as enterprise-wide risk identification, assessment and mitigation.

• Provide reporting and insight to executive team and the Board of Directors.

• Ensure timely escalation of emerging or material risks and contribute to scenario planning and stress testing efforts.

• Develop, implement, and maintain model governance policies and procedures to comply with OSFI guidelines, as well as oversee the validation and vetting of new and exiting models.

• Work with Technology and Compliance to develop and implement a governance framework for the use of AI.

• Build and lead a high-performing ERM team of professionals.

• Champion a strong risk culture across the organization through education, communication and engagement.

Essential Qualifications

• University degree in Economics, Finance, Actuarial Science or other quantitative discipline. (MBA, MA or relevant Masters degrees are highly relevant).

• 10+ years of progressive work experience in enterprise risk management, preferably gained in insurance (P&C or life), banking, or the mortgage insurance sectors.

• Demonstrated understanding of quantitative methods, statistical modelling, and techniques and models used to perform macroeconomic scenario stress testing.

• Experience working with financial regulators.

• Demonstrated ability to work well with 1 st , 2 nd , and 3 rd lines of defense, and to create a best-in‑class risk governance structure.

• Demonstrated experience working with executive leadership and Board committees.

• Track record of building and developing successful teams.

• A team-oriented and collaborative work style, and an affinity to working in environments.

Preferred Qualifications

• Additional designations such as FRM, CFA, CPA or CRM are beneficial.

What We Offer You

Canada Guaranty is proudly recognized by the Great Place to Work Institute as one of the Best Workplaces in Canada – 100-999 Employees (2025, 2026). We are also honoured to be recognized as among the Best Workplaces in Financial Services & Insurance (2024, 2025), Best Workplaces in Ontario (2024, 2025), Best Workplaces for Mental Wellness (2025), Best Workplaces for Inclusion (2025), Best Workplaces for Women (2025, 2026), and Best Workplaces with the Most Trusted Executive Teams (2025, 2026). Join us and see why!

We offer a comprehensive total rewards package, including competitive compensation, company-matched retirement programs, health and dental coverage, flexible work options, and a friendly, inclusive, and supportive culture.

Accommodation Notice Canada Guaranty is committed to fostering an equitable, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we serve and work alongside. Candidates may request accommodation at any point during the interview process.

While we may use AI tools to help support elements of the recruitment process, all hiring decisions at Canada Guaranty are made by people. This posting is for an existing vacancy.