Operational Risk Manager
2 weeks ago
About Equitable Group:
We are a financial institution dedicated to innovating the banking experience for Canadians. With over 50 years of history, we have evolved into Canada's Challenger Bank, serving more than 370,000 people across the country through our subsidiaries, including Concentra Bank.
Our commitment to driving change in Canadian banking has led to numerous accolades, including being named the top Schedule I Bank in Canada on the Forbes World's Best Banks list three consecutive years.
The Job:
We are seeking an experienced Operational Risk Manager to join our dynamic team. As a key member of our risk management department, you will play a crucial role in ensuring the bank operates within its established operational risk appetite.
You will be responsible for change management oversight, assessing and mitigating operational risks, and supporting the development and implementation of robust risk mitigation strategies.
Responsibilities:
- Support the enhancement and implementation of various risk identification tools, such as the New Initiative Risk Assessment (NIRA).
- Contribute to operational risk management initiatives related to OSFI E21 Operational Resilience and Operational Risk Management and B10 Third Party Risk Management.
- Facilitate stakeholder engagement and support project management deliverables to drive successful adoption of changes.
- Identify potential operational risks associated with proposed changes, conducting risk assessments and impact analyses to inform decision-making processes.
- Provide support to management in executing deliverables on complex projects.
- Support the development and implementation of risk mitigation strategies and controls to minimize the impact of change-related risks on business operations and objectives.
- Contribute to reviews and updates of operational risk-related policies, procedures, and best practices aligned with industry standards and regulatory requirements.
- Support activities related to the business continuity management (BCM) program, including plan reviews and reporting.
- Coordinate disaster recovery business unit testing activities, including review of test plans, results, and communications.
- Contribute to the development, administration, and maintenance of the bank's third-party risk management tools, ensuring risk data is timely, accurate, and consistently applied.
Requirements:
- 3-5 years of experience in operational risk and/or information technology risk oversight roles in a financial institution.
- 3+ years of experience in project management, using Agile and waterfall methodologies.
- Undergraduate degree in finance, economics, business administration, or technology.
- Professional designations related to project/change management (PMP, PROSCI or equivalent, CSM) are an asset.
- Basic knowledge of risk management, compliance matters, and corporate governance.
- Good organizational, project, and time management skills to efficiently deliver concurrent projects with competing priorities.
- Knowledge of online tools such as Confluence, JIRA, and DevOps is an asset.
- Ability to create quality PowerPoint presentations to conceptualize ideas and strategies, create tracking spreadsheets, and ability to create and update PowerBI dashboard reports is an asset.
- Able to work in ambiguous situations with changing regulatory requirements.
- Proven delivery track record in both business and IT, given our challenger bank orientation.
- Ability to manage multiple project engagements simultaneously among multiple stakeholders.
What We Offer:
- $80,000 - $120,000 per year, depending on experience.
- Competitive discretionary bonus.
- Market-leading RRSP match program.
- Medical, dental, vision, life, and disability benefits.
- Employee Share Purchase Plan.
- Maternity/Parental top-up while caring for your little one.
- Generous vacation policy, personal days, and moving day.
- Virtual events to connect with fellow colleagues.
- Annual professional development allowance and comprehensive Career Development program.
About the Location:
The incumbent will be working hybrid and in-office time will be spent working from Equitable Group's additional office space located at 351 King Street East, Toronto, ON.
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