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Senior Risk Analyst
Allianz Commercial
- Toronto, Ontario, Canada
- Toronto, Ontario, Canada
About
Your Team
Our team is committed to invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours.
The Impact You Will Have
Support ERM functions for Allianz Global Risk US through quantitative and qualitative risk analysis across underwriting, claims, reserving, operational, financial, and strategic risk areas. Conduct RCAs, ORSA drafting, Top Risk Assessments, incident management, stop-loss analysis, and RBC oversight. Leverage data analytics, coding, and GenAI tools to automate analysis, develop Power BI dashboards, and enhance risk insights for management reporting. Requires entrepreneurial spirit to identify opportunities, drive innovation, and deliver creative risk management solutions, while being collaborative and comfortable working in a team environment.
Some Of Your Specific Responsibilities Could Include
Lead RCAs across underwriting, claims, finance, IT, and operations
Identify, assess, and document inherent, residual, and emerging risks with control effectiveness evaluation
Support annual Top Risk Assessment and maintain enterprise risk registers
Prepare ORSA documentation per NAIC, OSFI, and state regulatory requirements
Support scenario design, stress testing, and capital impact analysis
Assist with regulatory exams, audits, and ERM governance responses
Work closely with the Capital Management team to understand the RBC analysis including capital ratios and drivers of change
Conduct stop-loss, retention, and reinsurance analysis
Perform stress testing and sensitivity analysis for loss experience, catastrophes, and operational risks
Manage risk incidents and loss events with root cause analysis and remediation tracking
Identify trends and emerging risk signals
Maintain loss event databases and incident reporting processes
Automate risk analysis and reporting using Python, SQL, R
Develop Power BI dashboards for KRIs, loss trends, capital metrics, and risk appetite
Apply GenAI to draft assessments, identify patterns, improve documentation efficiency, and pilot innovative analytics
Prepare risk reports and presentations for ERM committees, executives, and Board
Translate complex analyses into actionable insights for non-technical stakeholders
Partner across underwriting, claims, actuarial, finance, compliance, audit, and IT to embed risk practices
Drive continuous improvement and stay current on P&C risk trends and emerging technologies
What You'll Bring To The Role
3–5 years in enterprise, operational, insurance, or financial risk within P&C insurance
Experience in qualitative and quantitative risk disciplines
Hands-on experience with RCSAs, Top Risk Assessments, ORSA, and incident management
Strong analytical, problem-solving, and documentation skills
Excellent written and verbal communication
Experience with NAIC RBC, capital adequacy, stress testing, stop-loss, and reinsurance structures
Proficiency in Power BI, advanced Excel, Python, SQL, R and GenAI tools in professional environments
Bachelor's degree
Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred
External applicants must be legally authorized to work in the United States or Canada without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
Be advised that the position you are applying for involves responsibilities related to cash handling. As part of our commitment to ensuring the safety and security of our operations, all candidates ( internal and external) selected for this role will be required to undergo a background check. This process includes, but is not limited to, verification of criminal history and financial history. By applying for this position, you acknowledge and consent to the background check as a condition of employment.
US Applicants
The annualized base pay range for this role is $77,364 - $116,909 USD. The annual base salary range represents nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.
Canada Applicants
AI technology may be used to assess applications for keywords and essential qualifications. However, all AI-filtered candidate information will be reviewed by an Allianz Commercial team member, as our AI processes are subject to human oversight.
The annualized base pay range for this role is $105,000 to 125,000 CAD. We also offer a target bonus of 10%. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.
90386 | Finance & Accounting | Professional | Allianz Commercial | Full-Time | Permanent
What's in it for you?
Let's Care About Everything That Makes You, You
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let's care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let's care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let's care for life's twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
Let's care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
People With Disabilities
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email
Recruitment Agencies
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
Languages
- English
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