The incumbent will provide strategic risk oversight, challenge, and integration across functional areas including Actuarial, Finance, Investments, IT, and Compliance while supporting the organization’s risk governance framework and regulatory expectations. The role will also manage and develop one direct report.Job DescriptionKey Responsibilities
Capital Risk & ORSA
- Lead the independent risk assessment of capital adequacy, stress testing, and Own Risk and Solvency Assessment (ORSA) processes
- Lead the review and challenge of key model and market assumptions, scenarios, and management actions from a risk perspective
- Coordinate inputs across relevant functions to support a coherent, forward‑looking capital risk narrative for senior management and Board committees
- Contribute to clear articulation of capital vulnerabilities, sensitivities, and emerging risks.
Climate-Related Financial Risk Management
- Lead the Risk function’s climate‑related financial risk management
- Lead the research and development of a climate related financial modeling framework
- Coordinate climate risk scenario analysis and integration into Enterprise Risk Management (ERM) and ORSA processes
- Direct collaboration with Investments, Actuarial, and Sustainability stakeholders to ensure climate risk considerations are embedded into decision‑making
- Translate technical analysis into concise, decision‑useful insights for executive and Board audiences
Enterprise-wide Model Risk Governance
- Strengthen model risk governance from a Risk oversight perspective, supporting development and monitoring of model risk appetite and tolerances
- Provide effective challenge related to model use and reliance, including emerging model risks associated with advanced analytics and artificial intelligence
- Contribute to model risk awareness and education across senior management, governance forums, and the first line
Enterprise Risk Reporting & Communication
- Support preparation of risk materials for executive and Board‑level committees
- Focus on prioritization, clarity, and relevance of risk messaging, highlighting what matters most and why
Risk Governance & Coordination
- Support the effectiveness of enterprise risk governance processes and forums
- Enhance clarity of ownership and accountability across risk categories through effective coordination and RACI alignment
- Act as a connector across first‑ and second‑line functions to ensure consistent understanding and management of enterprise risks
People Leadership
- Lead, manage, coach and develop one direct report through clear objectives, regular feedback and meaningful development opportunities
- Education (minimum required): Bachelor's degree in Actuarial Science, Mathematics or similar
- Experience (minimum required): Looking for 10+ years
- Qualified actuary or senior actuarial student with significant practical experience
- Strong understanding of capital adequacy, stress testing, and enterprise risk management within financial services
- Solid knowledge of model risk concepts and governance frameworks
- Demonstrated ability to interpret and challenge complex technical information and communicate it clearly to senior audiences
- Experience operating in cross functional environments with multiple stakeholders
- Strategic thinking and sound judgment
- Strong written and verbal communication skills
- Ability to synthesize complex information into clear insights
- Capable of providing challenge while maintaining collaborative relationships
- Curiosity and ability to research emerging and evolving risk topics
#LI-Hybrid
Salary Range:
$121,000.00 - $159,500.00
The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.
Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.
Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.
Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.
Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, or a similar field
- 10+ years of experience
- Qualified actuary or senior actuarial student with significant practical experience
- Strong understanding of capital adequacy, stress testing, and enterprise risk management within financial services
- Solid knowledge of model risk concepts and governance frameworks
- Ability to interpret and challenge complex technical information and communicate it clearly to senior audiences
- Experience operating in cross-functional environments with multiple stakeholders
- Strategic thinking and sound judgment
- Strong written and verbal communication skills
- Ability to synthesize complex information into clear insights
- Ability to provide challenge while maintaining collaborative relationships
- Curiosity and ability to research emerging and evolving risk topics
What We Do
Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored plans to prospective and current members. Dedicated to its members’ well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters recently merged with Canada Protection Plan to become a leading life insurance distributor in Canada. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 23 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best.









