Director of Risk Management

Position Overview:

Grade: P9

Referral Level: Level 2

Division: IGM Risk, Audit & Sustainability

Mackenzie Financial Corporation stands as a prominent diversified wealth and asset management firm in Canada, managing approximately $252 billion in total assets. The organization offers a comprehensive array of financial planning and investment management services aimed at assisting over two million Canadians in achieving their financial aspirations. Its operations are primarily conducted through IG Wealth Management and Mackenzie Investments.

Within IGM Financial's distinctive business framework, Mackenzie Investments, established in 1967, serves as a holistic asset-management ally for numerous Canadian financial advisors and their clients.

At Mackenzie Investments, you can cultivate your career with assurance. Our vision and strategy are designed to challenge conventional business practices in the industry, empowering Canadians to succeed in ways that resonate with their values. As part of our organization, you will engage in impactful work, enhance your skill set, and contribute positively to the lives of Canadians. We take pride in being recognized as one of Canada's Top Employers by Mediacorp Canada Inc. for equipping our employees with the necessary tools to excel in a remote work environment while prioritizing their physical and mental well-being.

Become part of a dynamic team committed to continuous learning, understanding, and knowledge sharing. You will flourish in our supportive atmosphere, where curiosity is encouraged, and constructive feedback is provided to refine your skills and capabilities. We are dedicated to facilitating a hybrid work environment whenever feasible.

Mackenzie Investments champions diversity in the workplace, emphasizing inclusive business practices. We actively encourage applications from all qualified candidates who reflect the diverse population of Canada, including racialized individuals, women, Indigenous peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, as well as anyone who can contribute to the diversification of ideas.

Division Summary:

The Risk, Audit, and Sustainability (RAS) division collaborates with the business to foster a risk-aware culture, provide insights to mitigate risks and seize opportunities, and evaluate the company's risk profile in relation to stakeholder expectations. This division oversees Risk Management, Internal Audit, Corporate Sustainability, CSOX, and Corporate Insurance.

The Professional Services team operates as a division-wide shared service within the RAS division, offering support to the Risk and Internal Audit functions. As a member of the Professional Services team, the Director of Analytics and Systems will concentrate on managing the data analytics and system requirements of the RAS Division. This role will provide direction and guidance through a centralized data analytics strategy and program, ensuring consistency across the division and alignment with corporate methodologies. Collaboration with team members (including Data Champions) across the Risk and Audit functions, who are responsible for analytics and reporting in their specialized areas, will be essential. Additionally, this role will oversee the implementation of the Governance, Risk, and Compliance (GRC) System within the RAS division.

Key Responsibilities:

1. Data Analytics

• Lead the development and execution of the RAS division's data analytics strategy by understanding current and future requirements.
• Collaborate with corporate Data Groups to ensure the division's data analytics strategy is well integrated and aligned with the broader organization's capabilities and vision.
• Work with stakeholders across the RAS division to identify opportunities for embedding analytics into processes to enhance efficiency and value for our stakeholders and clients.
• Partner with methodology leads for Risk and Audit to incorporate data analytics into processes, establishing methodologies and procedures for data collection, integration, and retention in accordance with corporate policies.
• Engage with various data owners to identify and select available data sources to meet analytic needs.
• Develop and manage an analytics training program across the division to enhance analytic capabilities. Deliver training and provide ongoing support, consultation, and review of analytics design and execution.
• Support the establishment of continuous monitoring and auditing techniques.
• Design experimental approaches to validate findings or test hypotheses.

1. Systems

• Oversee the implementation of the Governance, Risk, and Control (GRC) system for the Internal Audit and Risk functions, collaborating with Risk and Audit Subject Matter Experts and other teams within the organization.
• Provide ongoing management of the GRC System and other system management and support as required to meet the evolving needs of the RAS division.

Qualifications:

• 7+ years of relevant experience in a data/reporting/analytics environment.
• Completion of a post-secondary degree in a relevant discipline and/or other pertinent designations/certifications.
• Foundational knowledge and experience in Risk and/or Audit.
• Familiarity with best practices and tools such as:
• Coding: Python, Intermediate Excel, JavaScript, SQL, Git, GitHub, and Jupyter Notebook.
• Data Manipulation & Preparation tools: Pandas, APIs, and the ETL process.
• Machine Learning: Exposure to elements of Large Language Models (LLM), including supervised learning, unsupervised learning, deep learning, and Natural Language Processing (NLP).
• Mathematical Foundations: Basic understanding of probability theory, statistics, etc.
• Advanced proficiency in Data Visualization and use of Tableau, Power BI.
• Experience in data analytics strategic planning and implementation.
• Experience with the implementation and/or administration of a Governance, Risk & Compliance tool is an asset but not mandatory.
• Client-Centric Approach – Highly innovative, strategically minded, and inherently curious; willing to experiment to enhance business value. Seeks inspiration within the industry and makes relevant internal connections. Thinks critically, shares ideas, and collaborates with the team to identify desirable, viable, and feasible solutions.
• Value Delivery – Develops analytical solutions and provides recommendations based on an understanding of business risk and stakeholder needs. Strong judgment, problem-solving, attention to detail, and organizational skills. Ability to translate data into meaningful insights.
• Relationship Building – Excellent interpersonal skills, including listening, written, and verbal communication, with the ability to deliver training. Strong relationship builder with collaboration and influencing skills. Proven ability to interact effectively and establish working relationships with senior management.
• Excellence in Execution – Keen interest in process improvement and emerging technologies. Detail-oriented with strong project management skills. Proven self-starter and results-driven.
• Top Performer – Excellent organizational skills and highly adaptable, capable of planning, prioritizing, and managing workload under pressure.

Mackenzie Financial Corporation is committed to providing an accessible recruitment experience. If you require accommodations or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will assist you in meeting your needs.