Operational Risk Senior Consultant II at Allstate · Toronto

Operational Risk Senior Consultant II Location: Canadian Head Office At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. Job Description Who is Allstate: Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands®” promise and is proud to have been named a Best Employer in Canada for nine consecutive years. Allstate is committed to making a positive difference in the communities in which itoperatesthrough partnerships with charitable organizations, employeegivingand volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visitwww.goodhandsadvice.ca. Through our Employee Value Proposition, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have careeroptionsandtruly enjoythe work they do. Benefits to joining Allstate Flexible Work Arrangements. Employee discounts (15% on auto and property insurance, plus many other products and services). Good Office program (receive up to $400 back afterpurchasingoffice equipment). Student Loan Payment Matching Program for Government Student loans. Comprehensive Retirement Savings Program withemployer matchedcontributions. Annual Wellness allowance to support employees with improving health and wellbeing. Personal days. Tuition Reimbursement. Working within the community and giving back. Role Designation:Remote with an occasional requirement to go into the office inToronto. Job Description This job is a Second line risk and control function responsible for the implementation of RRM (Risk and Return management) programs by delivering insights, guidance and constructive challenges risk exposures and control deficiencies within ACG (All State Canda Group). The ideal candidate will collaborate with various AORs to gather and analyze risk data toidentifytrends or emerging risks that willfacilitateinformed management decisions. Accountabilities: Lead and support enterprise risk assessments byidentifying, analyzing, and documenting operational risks, control gaps, and emerging industry trends. Contribute to the enhancement and maturity of the Enterprise Risk & Resilience Management Framework (ERRMF) and related risk programs. Design and execute control testing, key riskindicator(KRI), and issue and incident management activities to evaluate control effectiveness. Apply data analytics tomonitorrisk trends,identifyanomalies, and drive continuous improvement of controls and processes. Track and oversee issues, incidents, losses, and near misses, ensuring root cause analysis andtimelyremediation. Ensure compliance with internal policies, regulatory requirements, and industry standards (e.g., OSFI, FSRA, IFRS 17, SOX, Solvency II), supported by testing and validation. Support internal, external, regulatory, and compliance audits by coordinating required data, evidence, and reporting. Prepare clear and insightful risk reporting and materials for Risk & Resilience Management (RRM) governance forums. Act as a trusted advisor and liaison across first, second, and third lines of defense, promoting a strongriskculture through stakeholder engagement, training, and guidance. Qualifications: Support and execute a growing volume of risk assessments, ensuring consistent application ofmethodology, quality analysis, and clear documentation. Build, enhance, and operationalize risk and control frameworks, including designing second-line control testing programs from the ground up. Lead control testing across multiple Areas of Responsibility (AORs), assessing effectiveness andidentifyinggaps, trends, and improvement opportunities. Analyze risk, issue, and control data to produce clear, insightful reporting and analytics that informmanagementdecision-making. Own and enhanceissueand incident management processes, including root cause analysis and actionable recommendations. Provide practical, data-driven recommendations to management on key risks, controls, and remediation strategies. Support the evolution and maturity of existing risk programs, partnering closely with leadership to strengthen overall effectiveness. Contribute to enterprise risk initiatives across key risk areas (e.g., model, financial, strategic), flexing toemergingpriorities as needed. Drive continuous process improvement through regular working sessions, stakeholder collaboration, and hands-on program ownership. Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs. #LI-AV2 Skills Control Frameworks, Data Analysis, Data Driven Approach, Operation Risk Management, Risk Analysis, Risk Assessment, Risk Assessments, Risk Management, Stakeholder Engagement, Strategy Execution Compensation Expected compensation for this role ranges from $ 73,500.00 - 116,850.00 annually.  Actual salary offered to successful candidates will vary based on their skills and experience. Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact. Allstate Canada Group uses AI technology tools to assist in screening, selecting, assessing, and scheduling interviews with candidates as part of the recruitment process. This job posting is for a current open role within the organization.