SONIA KUNDI
Toronto,ON
Summary
Accomplished leader with 20 years of experience guiding teams, managing complex projects, and overseeing risk analysis and mitigation. Demonstrated success in developing efficient processes, maintaining high standards, and aligning efforts with organizational goals. Recognized for collaborative approach and commitment to excellence.
Overview
27
27
years of professional experience
Work History
Chief Risk Officer
Zurich Cover-More
11.2024 - Current
- Member of the Zurich Cover-More leadership team and responsible for leading all aspects of the global Zurich Cover-More Risk function.
- Establish and oversee application of risk policies, tools and governance processes across Zurich Cover-More to support the successful integration of the newly acquired Travel Guard business.
- Apply subject matter expertise to provide independent oversight to enterprise risk management activities.
- Provide constructive independent challenge to enhance transparency and facilitate risk-informed decision-making.
- Provide a holistic view of risk, oversee risk assessments throughout the business and partner with Leadership Team to drive risk awareness and culture.
- Lead Risk and Control Committee and provide quarterly risk reporting to Leadership, Board of Directors and Zurich Group.
- Responsible for promoting risk awareness throughout the organization.
Chief Risk Officer
Zurich Canada
02.2021 - 11.2024
- Member of the Zurich Canada Executive Committee and responsible for leading all aspects of the Canadian Risk function.
- Facilitate consistent implementation of the group risk management framework.
- Provides constructive independent challenge to enhance transparency and facilitate risk-informed decision-making.
- Provide a holistic view of risk, oversee risk assessments throughout the business and partner with Executive Committee to drive risk awareness and culture.
- Ensure early identification of risk issues and that follow up mitigation and monitoring takes place.
- Lead Risk and Control Committee and provide quarterly risk report to Holding Company Board of Directors and Zurich Group.
- Responsible for promoting risk awareness throughout the organization.
- Executive Sponsor of Zurich Canada’s Leadership Development Program LEAP.
Vice President, Global Risk Innovation
Aviva Group
12.2017 - 02.2021
- Promoted to a Global position to drive Risk best practice across the group.
- Collaborate with CROs and Risk teams across Europe, Asia, and Canada to align and optimize Risk Management processes.
- Provide Risk Management expertise to the Canadian and Irish Boards, Executive teams and 2nd line Risk teams.
- Work with senior Risk leaders to remediate material Risks and issues across the group to align with business strategy.
- Lead the Global Emerging Risk process to facilitate more complete evaluation of future Risks, to drive Board and Executive engagement, Risk mitigation and proposition development.
- Created the Global Aviva Risk Evolution Program, providing a cohort of future Risk leaders a 12-month comprehensive leadership program.
AVP, Enterprise Risk Management
Aviva Canada
09.2013 - 12.2017
- Lead a significant part of the Canadian Risk team (ERM, Operational Risk and Health & Safety).
- Implement and monitor adherence to the Risk Management Framework, including Risk Policies and Business Standards.
- Quarterly Risk reporting to Senior Leadership team, the Board and Aviva Group.
- Lead the delivery of the Canadian Own Risk and Solvency Assessment.
- Responsible for the selection and development of Risk specialists in the team.
- Represent Aviva in dialogue with both Provincial and Federal Regulators.
- Risk partner for the $600 million RBC acquisition and integration.
- Chair the Aviva Canada Operational Risk & Governance Committee and participation in the Board Risk Committee.
Business Analyst, CEO’s office
Aviva Canada
04.2012 - 09.2013
- Joined the CEO’s team from Aviva Ireland as a result of a family move to Canada. Responsible for the creation of Board reports, market analysis, research on current state, future market trends and corporate positioning.
Business Manager to Managing Director (MD)
Aviva Life & Pensions
07.2011 - 04.2012
- Identified as future talent, provided opportunity to manage strategic initiatives/projects on behalf of the MD.
- Creation of Board reports, market analysis and input into annual business planning process.
- Manage Operational Risks owned by the MD and ensure appropriate controls in place to mitigate Risks.
Risk Manager
Aviva Life & Pensions
05.2008 - 07.2011
- Lead the implementation and embedding of the Aviva Risk Management Framework.
- Provide independent challenge to the 1st line Operational Risk and Control assessments.
- Quarterly Risk reporting to Senior Management and Europe regional office.
- Work closely with teams at Group and Europe to share and drive best practice, both locally and across Europe.
Operational & Change Risk Consultant
RSA Insurance
06.2005 - 08.2007
- Transfer from Group to deliver new RSA Risk Management Framework.
- Provide independent challenge to the 1st line Risk and Control assessments.
- Provide Top-Down Risk reporting to Senior Management.
- Collaborate with Group and International Division’s Risk functions to drive best practice.
Assistant to Group Chief Auditor (GCA)
RSA Insurance – Group Head Office
04.2003 - 06.2005
- Produce Group MI identifying and highlighting systemic issues across the Group.
- Prepare the GCA and Chairman of the Group Board Audit Committee for audit reviews & Board meetings.
- Manage relationships with the office of the Group CEO, Board, Regional Chief Auditors and Regional/Country Directors.
Analyst Roles
Accenture
08.1998 - 04.2003
- Various Financial Services related projects in UK and Australia
Education
Certified Risk Management Professional (CRMP) -
RIMS
Risk Management -
University of Toronto
Insurance Foundation - undefined
The Insurance Institute of Ireland
Business Administration - undefined
South East Essex College of Arts & Technology
Skills
- Business consulting
- Risk reporting
- Risk mitigation strategies
- Talent recruitment
- Complex Problem-solving
- Process improvements
- Policies and procedures
- Industry expertise
- Adaptable and flexible
- Executive leadership
Committees & Interests
- Chair of the Canadian Property & Casualty Insurance Compensation Corporation (PACICC) Risk Officer’s Forum Advisory Committee – (2023 – present).
- Board Director of Toronto Cricket, Skating and Curling Club’s – Aquatics Committee – 2017-2019.
Timeline
Chief Risk Officer
Zurich Cover-More
11.2024 - Current
Chief Risk Officer
Zurich Canada
02.2021 - 11.2024
Vice President, Global Risk Innovation
Aviva Group
12.2017 - 02.2021
AVP, Enterprise Risk Management
Aviva Canada
09.2013 - 12.2017
Business Analyst, CEO’s office
Aviva Canada
04.2012 - 09.2013
Business Manager to Managing Director (MD)
Aviva Life & Pensions
07.2011 - 04.2012
Risk Manager
Aviva Life & Pensions
05.2008 - 07.2011
Operational & Change Risk Consultant
RSA Insurance
06.2005 - 08.2007
Assistant to Group Chief Auditor (GCA)
RSA Insurance – Group Head Office
04.2003 - 06.2005
Analyst Roles
Accenture
08.1998 - 04.2003
Insurance Foundation - undefined
The Insurance Institute of Ireland
Business Administration - undefined
South East Essex College of Arts & Technology
Certified Risk Management Professional (CRMP) -
RIMS
Risk Management -
University of Toronto
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