Michael Binena Ma (Economics), Fcip, Crm Email & Phone Number

Canada

Toronto, Ontario, Canada

Toronto, Ontario, Canada

London, Ontario, Canada

A graduate of York University, holding a Master's degree in Economics, I am a Fellow of the Insurance Institute of Canada (FCIP), a Certified Operational Risk Manager, and hold a Canadian Risk Manager (CRM) designation. Currently, I am a PRM Candidate with the Professional Risk Managers’ International Association (PRMIA) and a RIMS Fellow (RF) candidate. Fluent in both French and English, I bring over eighteen years of experience in the Financial Services Industry.My expertise encompasses a wide range of areas, including but not limited to, risk culture building, enterprise risk governance and frameworks, operational and enterprise risk management, risk event management, risk and control self-assessment, root cause analysis, key risk indicators monitoring, scenario analysis, stress testing, and business continuity planning. I have a strong track record of designing and implementing operational risk management programs for large insurance companies. Notably, I have played a pivotal role in strengthening operational risk management for financially distressed organizations, contributing significantly to their stability.My forte lies in developing and executing operational risk strategies that provide compelling value propositions, align with organizational risk culture, meet regulatory requirements, and ensure long-term viability. Fueled by my passion for enterprise and operational risk management and a keen awareness of emerging risks, I have founded a consulting firm. The firm aims to assist organizations at various stages of their enterprise and operational risk management journeys, from designing initial programs to enhancing existing ones, ultimately supporting the achievement of their strategic objectives.

Markham, Ontario, Canada

I led and directed all risk and control activities within Personal Insurance department including Aviva Online Digital business. In collaboration with senior leaders, I championed the development of a robust risk & control framework for a $3.8 billion Personal Insurance business, with a focus on continuous improvement. Overseeing a dedicated team of five risk professionals, I provided leadership in defining strategic objectives for the Risk & Controls function, ensuring their alignment with the broader strategic objectives of the organization.

Toronto, Canada Area

I directed, enhanced, and implemented innovative, value-added, and impactful operational risk management concepts and practices within Home Trust Capital. I supported the establishment and execution of a robust operational risk management program across Home Trust Company. I provided second-line oversight and independent challenge to the business, contributing to the enhancement of the organization's risk culture.

Markham, Ontario, Canada

I supported the achievement of strategic objectives by assisting the Board and Leadership Team to manage Enterprise-wide risks. I designed a robust operational risk management framework and collaborated with senior leaders to implement and integrate effective operational risk management best practices throughout the business.

Markham, Ontario, Canada

I supervised a team of six senior analysts and had the responsibility for company-wide data aggregation, reporting, and oversight. Additionally, I oversaw the design, development, and reporting of key performance indicators to monitor the growth and profitability of Allstate Insurance Company of Canada.

Toronto, Ontario, Canada

I assisted in multiple rate filings with provincial regulators, and designed insightful actuarial reports for the senior leadership team. I played a crucial role in developing and implementing actuarial pricing models as well.

Toronto, Ontario, Canada

Toronto, Ontario, Canada

Montreal, Quebec, Canada

Master Of Arts (M.A.), Economics

Bachelor Of Arts (Specialized Honors), Economics