Job Title

At Allstate, great things happen when our people work together to protect families and their belongings from lifes 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 The Director, Risk & Chief Risk Officer (CRO) is accountable for developing, implementing, and maintaining the enterprise risk and return management vision to support the achievement of Allstate Canada Groups (ACG) short- and long-term Mission, Vision, and Strategic objectives while balancing risk and return. The role, in partnership with Senior Leadership, will foster a strong risk culture, promoting a risk-aware culture throughout the organization, providing training and clear communication to stakeholders to drive a risk-aware culture. The role is accountable for the development and implementation of Risk and Return Management initiatives such as risk and control self-assessments, continuous monitoring, risk and control automation, department risk frameworks and profiles, and building out measurements around risk. At this level, the Director sets the execution strategy in support of the strategic direction for their organization and in support of the business objectives of the company, ensuring the structures and processes needed to effectively deliver the mission of the Risk and Return Management organization are in place. This role may include direct accountability for a risk category (e.g., strategic risk, culture risk, insurance risk, etc.), accountability for various sub-categories of operational risk, board and regulatory reporting, or client relationship management responsibilities. As a Director, you wont just deliver results you drive our culture and shared purpose. At Allstate, we value in-person connected experiences not just with your team but also other Allstaters. This may require travel within your local area or to one of our offices on a regular basis. Key Responsibilities Identifying emerging risk, evaluating risk, monitoring the status of strategic initiatives, and communicating changes in our risk profile. Drive a culture of risk ownership and accountability across the organization and ensure key risks and outcomes are identified, measured, managed, monitored, reported, and escalated as needed. Lead the Enterprise Risk and Return Council (ERRC), Operational Risk and Return Council (ORRC), and board reporting. Provide risk consulting to complex and/or confidential topics and deliver a holistic view of risk to key stakeholders. Lead the development or enhancement of dynamic governance frameworks; establish Key Risk & Performance Indicators. Promote risk management practice and culture to strengthen the risk and return environment of Allstate. Participate in various governance, working groups, AOR, and project meetings related to risk and control matters, ensuring an open environment for collaboration, risk identification, and mitigation. Manage a team of risk managers, consultants, or analysts responsible for understanding the risk environment and managing event-specific situations. Ensure compliance with regulatory requirements and collaborate with industry stakeholders on new requirements. Identify and assess severity and likelihood of issues for potential escalation and communication to Business Executives and Senior Risk Managers. Partner with Senior Leaders to embed risk considerations in strategic planning. Effectively communicate Allstate Canada Groups risk posture and emerging risks to ACGs Senior Leadership Team and Board of Directors, as well as to regulatory bodies as required, providing reports and risk insights to facilitate informed oversight. Responsible for effective independent challenge of first-line risk management activities, thematic reviews, and deep dives with senior leadership. Supervisor Responsibilities This job has supervisory duties. Education and Experience 4-year Bachelors Degree (Required) Masters Degree (Preferred) 12 or more years of experience (Preferred) In-depth understanding of risk and governance, with experience in key risk categories such as model, data privacy, technology, cyber, or fraud. Working knowledge of the Canadian regulatory environment, specifically OSFI guidelines. People management experience. Program/project management skills. Skills/Capabilities Proven command of risk management in challenging situations for large projects. Mastery of multiple business areas related to work responsibilities. Data-driven decision-making skills. Cross-functional collaboration and stakeholder engagement abilities. Influence and negotiation skills. Ability to synthesize complex information and communicate clearly to diverse audiences. Strong executive communication skills and gravitas for engaging with senior leadership and Board members. #J-18808-Ljbffr