Director, Enterprise Risk Governance

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, with a 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.  

• Customer-Focused. Passionate Advocates 
• Courage to Act. Do the Right Thing 
• One Team. One Vision 
• Think Long-Term. Ever-Evolving 
• Be Exceptional. Inspire Greatness

POSITION SUMMARY

The Director, Enterprise Risk Governance is responsible for advancing the development, implementation, and oversight of enterprise-wide risk frameworks and policies. This role also leads the design and execution of risk programs and initiatives, ensuring the organization operates within its defined risk appetite and complies with regulatory requirements. Collaborating with cross-functional teams, this role drives risk awareness and promotes a strong risk culture at HomeEquity Bank.

MAJOR ELEMENTS OF THE ROLE

Key accountabilities of this position include:

• Develop and maintain the enterprise risk management frameworks, ensuring their alignment with the organization's objectives and regulatory standards.

• Establish and maintain risk management policies and procedures, ensuring they are up-to-date and effectively communicated across the organization.

• Support the design and operationalization of enterprise-wide risk management programs, including an Enterprise Risk Assessment program to identify, assess, and prioritize potential risks that could impact the organization.

• Facilitate enterprise risk assessment workshops with Executive-level risk owners and prepare high-quality reporting materials for DRG and CRRMC.

• Maintain ongoing awareness of industry best practices and regulatory requirements with respect to Enterprise Risk Governance.

• Develop and maintain risk taxonomy, risk appetite statements, risk appetite metrics and thresholds working with 1LOD risk owners.

• Develop and implement risk mitigation strategies and action plans in collaboration with 1LOD risk owners and lead the 1B Community of Practice sessions.

• Manage the workplan and lead the monthly and quarterly Risk team reporting to the DRG-Risk and CRRMC, coordinating efforts with relevant stakeholders.

• Develop Executive and Board level reporting and communication materials.

• Support the development of Risk Management 3-year Strategic Plan

• Promote a culture of risk awareness - develop risk training materials and roll out an all-staff risk training program.

• Work closely with internal and external stakeholders, including auditors and regulatory bodies, to facilitate risk assessments, audits and regulatory compliance related deliverables.

• Lead, coach and manage a team of 1-2 employees

SKILLS AND EXPERIENCE REQUIRED

Qualifications

• University degree is required

• Post-secondary degree (e.g. MBA) and/or relevant designations (e.g. CPA, CA, CFA) preferred with 15+ years of experience

• Strong understanding of risk frameworks, risk management, and financial sector risks

• Executive, Board or regulatory reporting experience preferred

• Experience in Enterprise Risk Management, effective challenge and knowledge of Enterprise Risk processes

• Results oriented and driven individual with a continuous improvement mindset

• Strong analytical and critical thinking skills with ability to problem-solve and execute multiple projects at any given time

• Superior interpersonal skills to work effectively with multiple internal stakeholders and management at various levels

Working Conditions Unique to Job

• Hybrid work environment

WHY WORK AT HOMEEQUITY BANK?

Great Environment

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 , 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 (for eligible employees)

• 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 
   

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know

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Join Us If you're ready to build the future of reverse mortgages, we want to hear from you.