Senior Manager, Risk & Return

The Allstate Corporation is one of the largest publicly held personal lines insurers in the United States, offering a wide range of insurance products including auto, home, life, and business insurance. Founded in 1931 as part of Sears, Roebuck and Co., Allstate became an independent company in 1995 and is widely known for its slogan 'You're In Good Hands With Allstate®'.

Allstate

Employee count: 5000+

Canada only

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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

Job Description Summary
The Risk and Return Management Senior Manager leads the strategic initiative to provide risk/return expertise to the organization. This role has deep insights across business/functional areas to challenge and report. This role is responsible for implementing and influencing the risk frameworks across Allstate. The risk framework consists of tools, standards, and risk processes through which directs and assists MFBs/AORs to identify and assess risk, mitigate risk in accordance with appetite and analyze and understand the risk environment overall.

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.

Role Designation: Remote

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 reflection day
Tuition Reimbursement
Working within the community and giving back!

Key Responsibilities

Serve as a trusted risk advisor, respond to 1st Line risk and return needs; support with consistent application of the risk frameworks and facilitate risk and return decisions and risk-based prioritization
Develop a holistic view of risk and return, apprised of business strategies, results and challenges. Considered an extension of 1st Line leadership teams and advices ERRM leaders on risk profile of relevant areas/initiatives
Educate and empower 1st Line to drive risk and return and increase 1st Line accountability
Build and maintain strong working relationship with 1st Line leadership, including support areas (Technology, Legal, Compliance, HR and other key functional areas)
Influence the appropriate management of risk, including: monitoring, reporting, and an escalation structure to optimize risk and return
Responsible for effective independent challenge of first line risk management activities and accountable to escalate and report significant issues
Review, research, interpret, and analyze risk data to identify trends, emerging risks, and issues and form hypotheses and assumptions of future impact
Lead risk and return reviews in targeted areas of risk and provides risk consulting on complex or cross functional topics
Contribute to or lead strategic initiatives for the enterprise risk and return management program
Communicate with leadership including preparing information to the Operational Risk and Return Council and Enterprise Risk and Return Council

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.

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.

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About the job

Apply before

Dec 28, 2025

Posted on

Oct 29, 2025

Job type

Full Time

Experience level

Senior

Manager

Location requirements

Canada

Hiring timezones

Canada +/- 0 hours

Job categories

Senior Risk Management Analyst Senior Risk Management Specialist Senior Director Of Financial Risk Analysis Senior Risk Management Consultant Risk Strategy Manager Senior Vice President Of Risk Management Head Of Risk Management

Skills

Risk Frameworks Risk Management Risk Based Monitoring Process Risk Consulting Risk Reviews strategic initiatives Enterprise Risk Management First Line Risk Management Independent Challenge

About Allstate

Learn more about Allstate and their company culture.

View company profile

The Allstate Corporation's story began on April 17, 1931, amidst the financial uncertainties of the Great Depression. Born as a subsidiary of Sears, Roebuck and Co., the idea for Allstate Insurance Company emerged from a simple proposal by insurance broker Carl L. Odell to his neighbor, Robert E. Wood, then president of Sears. Odell envisioned selling auto insurance by direct mail, mirroring Sears' successful catalog sales model. The Sears board approved, and Allstate, named after Sears' tire brand, commenced operations, initially offering auto insurance directly to consumers. The first policy insured a 1930 Studebaker, and the first claim was remarkably straightforward – a customer walked into the one-room headquarters with a door handle pried off by a would-be thief. By the end of its first year, Allstate had 4,217 active car insurance policies, a number that grew to over 113,000 by the decade's end.

The company's early years saw innovation in its approach. In 1933, Allstate utilized the Century of Progress World's Fair in Chicago to sell insurance at a booth in the Sears pavilion. A year later, the first permanent sales office opened within a Chicago Sears store. Recognizing the evolving needs of its customers and the changing landscape of the nation, Allstate began to expand its offerings. Fire insurance was added in 1954, followed by homeowners and life insurance in 1957. The iconic slogan, 'You're In Good Hands With Allstate®,' was conceived in 1950 by General Sales Manager Davis W. Ellis and quickly became a cornerstone of the company's identity. The 1950s also marked Allstate's international expansion, with operations beginning in Canada in 1953. The Allstate Foundation, one of the country's pioneering corporate foundations, was established in 1952, underscoring a commitment to community and safety, initially focusing on driver training scholarships. This dedication to societal well-being continued through decades, with initiatives supporting nursing scholarships and neighborhood revitalization. A significant milestone occurred in 1993 when Allstate became a publicly traded company. Two years later, in June 1995, Sears divested its remaining shares, making Allstate a fully independent entity in what was then the largest IPO in U.S. history. Throughout its journey, Allstate has continued to adapt and grow, acquiring companies like National General and expanding its services to meet the diverse needs of millions of households across North America.