Vice President of Risk Management

2 months ago


Canada Fidelity International Full time
Position Overview

This is a hybrid position that offers a blend of remote and in-office work. Fidelity Clearing Canada (FCC) stands as the premier independent clearing broker and custodian within the Canadian financial landscape.

Key Responsibilities

The Vice President of Risk Management at FCC plays a pivotal role in supervising the risk function, tasked with the identification and monitoring of various regulatory obligations and risks associated with FCC's operations. This position will provide strategic direction and vision for the Risk function throughout the organization.

Responsibilities include:

  • Overseeing and continuously enhancing the FCC risk management framework, ensuring alignment with business and regulatory standards.
  • Supporting the growth of FCC by promoting and safeguarding its reputation through the development of essential risk programs in collaboration with other business stakeholders.
  • Leading the strategic oversight of FCC's Risk Framework to ensure ongoing development, communication, and success of the Risk Management program.
  • Managing significant risk issues/events, including assessment, root cause analysis, communication, and validation of remediation actions to avert recurrence.
  • Providing regular reports and formally presenting to Senior Management, the Risk and Controls Committee, and the Audit Committee regarding the status of FCC's Risk Programs.
  • Participating in cross-Fidelity projects to ensure operational risks are thoroughly assessed.
  • Effectively communicating new risk programs/initiatives and changes to existing programs across the organization, ensuring appropriate training is provided as necessary.
  • Offering risk consultation services as required.
Qualifications

The ideal candidate will possess:

  • A university degree or equivalent professional experience.
  • Approximately 10+ years of experience in risk management and risk programs.
  • Prior experience in compliance and back-office operations.
  • A professional designation or certificate in risk management or internal control; CA designation is considered an asset.
Skills and Knowledge

Essential skills include:

  • A strong emphasis on risk management and an inquisitive mindset.
  • A broad understanding of the financial services and wealth market in Canada.
  • Knowledge of clearing firm regulatory obligations and the Canadian brokerage industry, including the technological impacts on this market.
  • Experience in managing projects and scaling processes in line with company growth.
  • Ability to plan, monitor, and control projects, ensuring the efficient use of resources to achieve objectives.
  • Proficiency in gaining acceptance of ideas from senior business executives.
  • Comprehensive knowledge of processes, tools, and techniques for assessing and managing organizational risks.
  • Strong understanding of the Canadian regulatory environment, including CIRO rules and regulations, OSC, and other provincial regulations.
Employee Benefits

At Fidelity, we value our employees and offer a range of benefits, including:

  • Flexible working arrangements - options for 100% remote, hybrid, and in-office work.
  • Up to $650 for home office equipment.
  • A generous time-off policy, including two paid days annually for volunteering at a charity of your choice.
  • Diversity and inclusion programs, supported by an active network of Employee Resource Groups.
  • Extensive professional development opportunities, including access to over 11,000 training courses, tuition reimbursement, and monetary rewards for completing required designations.

Fidelity Canada is committed to diversity and inclusion, welcoming applications from individuals with disabilities. Accommodations are available upon request for candidates participating in the selection process.



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