Governance, Risk, and Compliance Lead

at  Ontario School Boards Insurance Exchange

ABOUT OSBIE

The Ontario School Boards’ Insurance Exchange (OSBIE) is a non-profit insurance company providing commercial lines of insurance to the school boards of Ontario. We classify ourselves as a boutique insurance company with a highly qualified and close group of employees. At OSBIE we foster a customer-focused culture and have great people working here, helping us ensure we provide excellent service to our subscribers. Our people are our greatest asset and at OSBIE we aim to balance work and play by providing our employees with hybrid work arrangements and a variety of social settings and events that promote a collaborative and connected work environment.

POSITION SUMMARY

The Governance, Risk, and Compliance (GRC) Lead is responsible for overseeing the development, implementation, and management of comprehensive GRC frameworks. This role ensures that OSBIE adheres to regulatory requirements, industry standards, and organizational policies, supporting a robust risk management culture that minimizes exposure to compliance breaches and operational risks. This role reports to the CFO and dotted line to the CEO.
The GRC Lead collaborates closely with cross-functional teams, including underwriting, claims, member services, finance, and legal, to promote and enforce best practices. This role requires a detail-oriented, analytical professional with strong knowledge of insurance regulations and the ability to proactively identify, assess, and mitigate risks. Support strategic initiatives by providing advice on governance, risk, and compliance matters.

QUALIFICATIONS

• Post–secondary education in Corporate Secretarial Practice, Business Law, Business Administration, Paralegal, or a relevant field
• 5+ years of related experience in a similar role i.e. Corporate Secretary, Governance, Compliance or Risk based role, preferably within the Financial Institutions industry
• Corporate governance experience is a must have
• Preferable industry experience in a regulated institution within Financial Services or Insurance
• Experience managing board & committee processes
• Ability to work effectively with stakeholders at all levels, providing strategic guidance and fostering a culture of compliance and risk awareness

SKILLS & COMPETENCIES

• Detail-oriented with a strong capacity for handling sensitive information and complex regulatory requirements
• Exceptional written and verbal communication skills, with a demonstrated ability to effectively communicate with senior leaders and board members and convey complex information to non-specialist audiences
• Strong critical thinking, problem-solving, decision-making, organizational, time-management and analytical skills
• Self-starter with the ability to work independently and as part of a collaborative team
• Effective leader who motivates and engages others through fostering a collaborative team environment