Risk Management Governance, Senior Manager

Friday, May 3, 2024

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, witha range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

Our Values, Our Passion

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

Courage to Act. Do the Right Thing

One Team. One Vision

Think Long-Term. Ever-Evolving

POSITION SUMMARY

Reporting to the Director, Technology and Third-Party Risk Management, the Risk Management Governance, Senior Manager will support enhancing the risk management program. Specifically, the role will oversee the enhancement of risk reporting, developing, enhancing and maintaining risk management policies and frameworks, ensuring effective challenge and oversight to support a robust risk management environment and define, measure and report on the overall risk culture of the bank.

The role will maintain a comprehensive understanding of current business and function risks, and provide guidance on Enterprise Risk. Collaboration with HR will be essential in developing and delivering training programs to facilitate the implementation of risk management policies and procedures, utilizing innovative and user-centric approaches. Furthermore, the role will lead the improvement of the Risk function, ensuring alignment with industry best practices, addressing emerging risks and facilitating wider adoption risk practices across the organization. Finally, the role will contribute to annual business and strategic planning exercises within Risk Management, developing appropriate budgets and resource plans to support objectives, while overseeing and participating in various risk-related activities.

This role will ensure the Risk Function is compliant with Enterprise risk management framework requirements, in addition to providing independent challenge to the first line.

MAJOR ELEMENTS OF THE ROLE

Key accountabilities of this position include:

• Policy and framework – Own, enhance and provide oversight to enterprise risk management policies and standards and provide effective challenge to assigned framework documents.
• Risk reporting– Defining, designing and enhancing monitoring and reporting to Senior Management, Risk Committees and the Board including progress on key strategic and tactical initiatives managed by risk management.
• Training– Develop and provide training for implementation of risk management policies and proceduresusing user-centric approaches and innovative training methods, working in collaboration with HR.
• Risk culture– Define, articulate, and establish frameworks to effectively assess, report, and measure the organization's risk culture.
• GRC Technology delivery and management-Develop requirements and upgrade / maintain the GRC platforms and tools across key risk domains (e.g. operational risk, issue management) to support risk management activities and reporting.
• Advisory and challenge role- Maintain a strong understanding of current business and function risks in order to provide advisory and effective challenge role for Enterprise Risk activities.
• Relationship management- Create and maintain strong relationships and regular interactions with all businesses and functions, auditors, external stakeholders, and regulators, as applicable.
• Contribute to annual business and strategic planning exercise within Risk Management and develop appropriate budgets, resource plans to support objectives.

SKILLS AND EXPERIENCE REQUIRED

Qualifications:

• Undergraduate degree required, Business, Finance, Technology, Data Analysis or a related field preferred. Post-graduate degree or other related designations (e.g. CPA, CISA, CIA, CRISC) is an asset or equivalent experience.
• Demonstrated progressive work experience in risk management roles, with a proven track record of reporting to board and senior risk committees.
• Proficiency in data analytics tools and techniques, with experience in risk modeling and predictive analysis is an asset.
• Demonstrated experience in policy development and implementation within regulated entity.
• Experience in developing and delivering training programs for the implementation of risk management policies and procedures and employing user-centric methodologies, while collaborating effectively with HR.
• Experience in enterprise risk management including risk appetite frameworks, risk assessment methodologies and testing / issue management.

Attributes:

• Superior communication skills (written and oral) with the ability to understand and translate complex technical issues into business effects for technical and business representatives
• Strong judgment and creativity; strong problem-solving and analytical skills; ability to effectively process a large volume of information, and draw meaningful/persuasive conclusions
• Proven ability to build and foster professional relationships and influence others effectively at senior management, peer and staff levels
• Ability to adapt to rapidly changing business needs and priorities
• Self-motivated and able to work independently and as part of a team having a “hands on” approach as well as appreciate diversity of thought and opinions
• Demonstrated ability to manage multiple complex engagements simultaneously, and to prioritize work and efforts of team effectively
• Hybrid office environment

WHY WORK AT HOMEEQUITY BANK?

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks

HomeEquity Bank offers a competitive total rewards package that includes:

• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

• 200 Bay St., Toronto, ON M5J 2J1, Canada