Assistant Vice President, Business Risk

Permanent Full Time

We are looking for an AVP**_, Business Risk & Controls_** to join our Individual Wealth division.

The AVP, Business Risk & Control plays a critical leadership role in supporting the Individual Wealth business and its subsidiaries by driving effective risk management, control oversight, and regulatory compliance. This role drives business ownership of risk and ensures that business activities are conducted in alignment with internal policies, regulatory expectations, and industry best practices.

**What you will do**
- Lead, mentor and develop a high performing team to advance the Business Risk & Control function
- Partner with business leaders to drive ownership of risk and embed risk-aware decision-making and proactive risk culture
- Drive the identification, assessment, and mitigation of operational, strategic and conduct risks across Individual Wealth business lines
- Lead planning and execution of risk assessments, effectively identifying, assessing, mitigating, managing and reporting on risk
- Support new product launches, technology implementations, and business transformations from a risk and control perspective
- Monitor the wealth management landscape to identify current and emerging risks and act as a trusted advisor to Individual Wealth leaders, providing guidance on risk implications of strategic initiatives
- Lead risk-based prioritization of controls testing and execute testing by leveraging central Business Risk & Controls capabilities. Support the development and implementation of remediation actions
- Review and interpret regulatory changes impacting the wealth management business and conduct business impact assessments
- Provide relevant business context and inputs to 2LOD and Central Business Risk & Controls teams to design and implement risk and regulatory change and remediation programs
- Lead business unit specific regulatory change, regulatory remediation programs, and risk transformation programs by leveraging Central Business Risk & Controls capabilities
- Drive completion of compliance inherent risk assessments and collaborate with the 2LOD to facilitate completion of annual compliance test plans. Map regulatory controls, identify remediation actions, and track mitigation actions to closure
- Drive triage, analysis, classification of issues, risk events, and incidents; undertake root cause analysis to develop remediation plans, and track remediation plans to closure
- Generate and present business unit specific risk and compliance reports to senior leadership
- Oversee the implementation of data governance and quality processes for risks and compliance data within the business unit
- Support internal audits and compliance assessment and related management of remediation actions Represent Individual Wealth in supporting the organization’s response to operational disruptions ensuring effective communication and coordination Advise business teams on process and control improvements by leveraging Central Business Risk & Controls capabilities and in partnership with business SMEs

**What you will bring**
- 10 years of risk management, compliance or governance experience within the financial services industry, with preference to experience in wealth management
- 7+ years of experience in a people management role. Strong leadership and team management skills with the ability to lead and motivate a team
- Bachelor’s degree in Business, Finance, Risk Management, or related field; advanced degree or professional designation (e.g., CPA, CFA, CRMA) or certification preferred
- Ability to influence senior management, cross-functional teams and experience driving change including adoption of improved processes, technology enablement across functions
- Excellent communication and stakeholder management skills, with the ability to facilitate discussions on risk and compliance topics
- Strategic leadership with industry knowledge, deep expertise in governance, risk and compliance and a strong understanding of leading and emerging practices
- Sound understanding of risk management principles, regulatory requirements, and compliance standards within the wealth management regulatory landscape (CIRO, OSC)
- Strong knowledge of wealth management industry and cross-functional knowledge, experience of effectively interfacing with business and technology teamsThe base salary for this position is between **$117,200****:

- $205,500** annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

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