Manager of Risk
Manager of Risk
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
COMPETITION: 202548
POSITION TYPE: Indeterminate
SCHEDULE: Full-time (75 hours bi-weekly)
COMPETITION CLOSE DATE:Open Until Filled
ABOUT INUVIALUIT REGIONAL CORPORATION (IRC)
IRC was created in 1984 to represent the Inuvialuit and their rights and benefits obtained under one of Canadas oldest comprehensive land claim agreements. With assets over $1 billion not including vast land holdings IRC is responsible for corporate investment land management and a broad range of social cultural and economic programs and services benefiting Inuvialuit. Its subsidiaries have interests in grocery manufacturing property management transportation and significant dealings in the oil and gas industry.
Since its inception IRC has experienced considerable growth and its structure and operations have become increasingly complex. Combining local government and service delivery community development investment and operating business divisions all managed by a single back office the organization has an array of complexities for the executive staff to navigate. There is an emphasis on fostering understanding healing and resilience in a region brimming with unique social challenges and immense potential for transformative change.
ABOUT INUVIALUIT INVESTMENT CORPORATION (IIC)
The Inuvialuit Investment Corporation (IIC) is a key subsidiary of the Inuvialuit Regional Corporation (IRC) established through the Inuvialuit Final Agreement (IFA) to manage a significant portion of the financial compensation received from the Agreement. IIC is responsible for the oversight and long-term growth of a diversified investment portfolio that includes the Inuvialuit Heritage Fund funds held in trust for the Inuvialuit Harvesters Assistance Program Community Corporations and other IRC subsidiaries.
IICs mandate is to preserve and grow capital using prudent risk-aware investment strategies that benefit both current and future generations of Inuvialuit. Its core functions include managing institutional relationships with external fund managers monitoring market and credit risk maintaining compliance with asset allocation and investment policy parameters and reporting on investment performance and portfolio risk exposure. Through disciplined governance and a conservative approach to risk management IIC ensures the integrity and sustainability of Inuvialuit wealth across generations.
JOB SUMMARY
The Inuvialuit Investment Corporation (IIC) manages approximately $1 Billion of investment assets for the group of companies with about $1.7 Billion in AUM throughout the Corporation. The Manager of Risk plays a critical role in safeguarding the long-term financial health and sustainability of the Inuvialuit investment assets. This position is responsible for identifying assessing monitoring and mitigating financial operational and strategic risks across the organization. The ideal candidate will bring deep expertise in risk management frameworks investment risk and regulatory compliance with a strong understanding of the unique challenges facing sovereign wealth or pension funds.
ACCOUNTABILITIES
- Develop and implement comprehensive risk management policies procedures and frameworks aligned with IICs strategic objectives.
- Monitor and assess risks across investment portfolios external managers operations and enterprise-wide activities.
- Conduct scenario analysis stress testing and risk modeling to evaluate potential impacts on fund performance.
- Collaborate with external partners and investment and finance teams to ensure integrated risk oversight.
- Prepare and present risk reports to senior management the Board and the shareholder.
- Ensure compliance with applicable laws regulations and industry best practices.
- Lead risk assessments for new investment strategies asset classes and operational initiatives.
- Maintain and enhance the funds risk register and key risk indicators (KRIs).
- Support internal and external audits and regulatory examinations.
- Promote a strong risk culture throughout the organization through training and awareness initiatives
QUALIFICATIONS
Applicants must be/have:
- Bachelors degree in Finance Economics Risk Management Actuarial Science or a related field (Masters or professional designation preferred: CFA FRM PRM CAIA).
- Minimum 7 years of experience in risk management preferably within a pension fund asset management or financial institution.
- Strong knowledge of investment risk market risk credit risk and operational risk.
- Proficiency in risk analytics tools and platforms (e.g. Bloomberg MSCI RiskMetrics MATLAB Python or R).
PREFERRED ATTRIBUTES
- Strategic thinker with a proactive and solutions-oriented mindset.
- Ability to work independently and collaboratively in a dynamic environment.
- High ethical standards and commitment to fiduciary responsibility.
TO APPLY
Please submit your resume and cover letter by pressing the Apply for This Job button at the top right of this web page and follow the application steps.
We encourage timely submissions of applications as candidates will be actively reviewed and the interview process may begin prior to the closing date.
ADDITIONAL INFORMATION
- Priority consideration is given to beneficiaries of the Inuvialuit Final Agreement (IFA); please identify in your application if you are a beneficiary of the IFA.
- The position requires the completion of a satisfactory Criminal Record Check.
- This role is based in our Inuvik office; however Calgary may be considered for the right candidate. Relocation support is available if required.
- An eligibility list may be established for hiring for similar positions based on performance in this competition.
- Applicants who do not meet all qualifications are encouraged to apply and may be considered for appointment at a lower level with a development plan.
- If you have a disability that requires an accommodation during any stage of our recruitment process please contact us at to let us know how we can assist you.
- We would like to thank everyone in advance for applying as only those shortlisted will be contacted.
WHAT WE OFFER
- Competitive Salary: We recognize and reward talent with a competitive salary structure.
- Professional Development: We invest in your growth through ongoing training and development opportunities.
- Competitive Benefits: We provide eligible employees with a competitive benefits package which includes extended health care; dental care; life critical illness and accident insurance; travel medical insurance; sick leave; and long-term disability.
- Wellness Benefits: We provide all employees with access to an employee and family assistance program.
- Retirement Benefits: We provide eligible employees with a Defined Contribution Pension Plan where IRC matches contributions of up to 5% of annual salary.
- Vacation benefits: We provide eligible employees with 4 weeks of annual vacation time to start.
For more information about our organization go to Resources
Inuvialuit Regional Corporation
E-mail: Telephone: Web:
STAY CONNECTED
Connect with us on social media to stay updated on company news events and future job opportunities.
FacebookLinkedInInstagram TwitterYouTube
Required Experience:
Senior IC
Employment Type
Full-Time
