Enterprise Risk Management Lead

The Ontario Securities Commission (OSC) is the statutory body responsible for regulating Ontario’s capital markets in accordance with the mandate established in the provincial Securities Act and the Commodity Futures Act. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk.

This mandate is performed through policy, operational, and enforcement activities. The OSC also contributes to national and global securities regulation development.

We offer a diverse, fair, and flexible work environment and take pride in our challenging and rewarding work.

Reporting to the Chief Audit and Risk Executive (CARE), the Enterprise Risk Management (ERM) Lead will advocate and promote ERM by leading in the ongoing implementation, oversight, maintenance, further development and maturity of a comprehensive, enterprise level risk management framework and risk culture at the Commission. This role would have ownership of ERM and executing a suitable risk framework.

This role will provide in-depth analysis of risk management; further mature and maintain processes, tools, templates and frameworks; embed risk management in existing documentation and templates; integrate risk management practices in day-to-day operations; identify risks; assess and measure risks; report on risks to Executive, Board and others; lead, support, advise and guide risk owners, risk champions and other staff. This work will support improved enterprise risk management, performance reporting, corporate and management reporting, and business planning at the OSC.

Key Duties and Responsibilities

The ERM Lead is responsible for strengthening the organization’s risk management capabilities by facilitating enterprise-wide risk discussions, supporting emerging risk identifications and enhancing risk assessments. This role provides guidance to and is supported by the Enterprise Risk Specialist, as they partner closely with core business functions to ensure both top-down and bottom-up strategic, operational, and reputational risks are proactively identified, assessed, and managed within a cohesive enterprise risk framework.

The ERM Lead will also work closely with the business horizon scanning and systemic risk teams and respective committees for the integration of risk reporting.