Description

At Allstate, great things happen when our people work together to protect families and their belongings from life's 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

Who is Allstate:

Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its "You're in Good Hands®" promise and is proud to have been named a Best Employer in Canada for nine consecutive years. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca.

Through our Employee Value Proposition, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.

Benefits to joining Allstate

• Flexible Work Arrangements.

• Employee discounts (15% on auto and property insurance, plus many other products and services).

• Good Office program (receive up to $400 back after purchasing office equipment).

• Student Loan Payment Matching Program for Government Student loans.

• Comprehensive Retirement Savings Program with employer matched contributions.

• Annual Wellness allowance to support employees with improving health and wellbeing.

• Personal days.

• Tuition Reimbursement.

• Working within the community and giving back.

Role Designation: Remote with an occasional requirement to go into the office in Toronto .

Job Description

The AI and Model Risk Lead Consultant will assist in the facilitation of the governance over the strategy of All state Canada Group M odel R isk M anagement F ramework (ACG MRMF) which includes Artificial Intelligence (AI) risk management. This role is responsible and accountable for executing the model and AI risk strategy and programs through the advancement of its various tracks. The role includes performing model risk assessments/health checks across the organization, identifying and assisting areas that require model risk management (including deployments of AI and Generative AI models), building out new structure to address AI and generative AI models, revising and formalizing ACGs model and AI risk management policy and supporting standards, as well as advancing automation of model and AI risk management into the enterprise model deployment platform. The role requires heavy coordination cross-functionally across areas of responsibilities. The individual will report to the Senior Manager , Risk and Return and will have meaningful interactions with leaders across the company.

Accountabilities :

• Lead and execute the enterprise-wide model and AI risk management strategy, coordinating cross-functional risk initiatives and health checks.

• Drive the implementation and enhancement of model and AI governance frameworks, controls, and standards across 1st and 2nd line teams.

• Embed model and AI governance controls across 1st and 2nd line, including the proactive identification and tracking of models and AI use cases as they are deployed or modified across the organization.

• Provide independent model validation, performance monitoring, effective challenge, and remediation oversight in alignment with regulatory expectations (e.g., OSFI E-23 ).

• Conduct targeted model and AI risk assessments and synthesize cross-theme insights and enterprise-wide solutions.

• Coordinate the implementation of Generative AI and broader AI deployment requirements across the enterprise.

• Maintain governance documentation, validation reports, model inventories, and related controls required for regulatory and audit readiness.

• Support regulatory reviews, internal audits, and examinations related to model and AI governance, ensuring compliance and strong evidence of controls.

• Partner with Business Unit CROs, leaders, model stewards and developers to integrate 1st line controls and capabilities into enterprise model risk management.

• Develop and deliver dashboards, metrics, and management reporting (e.g., Power BI) to communicate model and AI risk insights to senior leadership.

• Provide training, risk education, and capability-building within the enterprise risk & return team and across business units.

Qualifications :

• Strong understanding of model risk management frameworks , including model lifecycle governance (model onboarding, tiering, monitoring, validation, and decommissioning).

• Hands-on experience developing or working with analytical models and applying that expertise within a model governance or risk management environment .

• Familiarity with AI and emerging model types , with the ability to assess associated risks and governance considerations.

• Experience designing, implementing, or enhancing risk frameworks, policies, and controls , ideally within a regulated environment.

• Strong stakeholder engagement and influencing skills , with the ability to communicate complex technical concepts clearly and build collaborative relationships with business leaders and senior stakeholders.

• Strategic and analytical mindset with the ability to translate regulatory expectations into practical governance structures and processes .

• Experience working with risk management or governance tools (e.g., Archer, Fusion) and the ability to leverage technology to support risk oversight and reporting.

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.

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Skills
Data Analysis, Influencing Skills, Operation Risk Management, Presentation Delivery, Risk Assessments, Risk Governance, Risk Management, Risk Management Strategies, Stakeholder Engagement, Strategy Execution

Compensation
Expected compensation for this role ranges from $ 89,300.00 - 139,300.00 annually. Actual salary offered to successful candidates will vary based on their skills and experience.

Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger - a winning team making a meaningful impact.

Allstate Canada Group uses AI technology tools to assist in screening, selecting, assessing, and scheduling interviews with candidates as part of the recruitment process.

This job posting is for a current open role within the organization.

Requisition #: 421180455

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