Director, Operational and Fraud Risk Management

Join a Challenger Being a traditional bank just isn’t our thing, so we résoudre ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity. Our company continues sich to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s filesystem-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our customers have named our EQ Bank digital platform eqbank.ca one of the top banks in Canada on the Forbes World’s Best Banks list since 2021. The Work The Director Operationaland FraudRisk oversees the2nd linemanagement of operational risk, fraud risk, change mgmt. risk and fiduciary riskacross the Bank. Responsible to design, implement, provide training and awareness of these variousprogramsand its related methodologies, systems, tools, and processes for ongoing evaluation of across the Bank. Provides independent oversight and challenge of the effectiveness of the Bank’s operational risk, fraud, change and fiduciary riskmanagement practices and monitors adherence to the Risk Appetite Framework. Preparesconsolidatedquarterlycommitteereporting outlining both inherent and residual risks acrossall Non-Financial Risks within the department. Risk Governance & Oversight Design and implement operational risk policies, guidelines and standards and a measurement methodology which is aligned with regulatory expectations and the Bank’s overall elected and targeted level of risk measurement maturity. Ensure the periodic andtimelyreview of operational, fraud, change mgmt., andfiduciaryrisk related policies, management guidelines, risk frameworks, risk appetite, processes and controls as business and regulatory conditions may require. Provideinsightsand recommendations in strategy development of the future growth and maturity of the Bank. Overseeand integraterelated risks such as culture risk, integrity and security,climate risk, orother regulations asrequired. Ensurecommon methodologies and frameworks are builtand used across risk and compliance. Operational Risk Management Guidethe Risk and Control Self-Assessment (RCSA) process for all significant business activities and lines of business, assessing and challenging the inherent and residual risk. Develop and implement Key Risk Indicator (KRI) frameworks,measuresand reporting drawings in collaboration with business. Evaluating results againstriskappetite framework toidentifypotential actions or changes. Ownthe New Initiative Risk Assessment (NIRA)processandtheNewInitiativeApproval Process(NIAP)for new initiatives toproperly assessand mitigate high inherent risks and ensure residual risks are acceptable and within the Bank’s risk tolerance levels. Ensurethe development, administration and maintenance of the Bank’s Governance, Risk Management and Compliance (GRC) tool (Resolver) continues to meet the requirements of an Operational Risk Management program. Develop and deliver training supporting thevarious programsfor team and Bank employees. Climate Risk Oversight Provide oversight over climate-related risk management programs and activities throughout the Bank. Fraud Risk Management and Oversight Build a 2ndline Fraud Risk ManagementProgram to adequately assess, measure,monitorand report fraud risk across all Lines of Business and products within Equitable Bank. Train and educate first line on fraud risk and controlsrequiredtoidentify, measure and report fraud risk. F inspiratie Risk Ensure trust businesses haveappropriate controlsin place to ensure effectiveriskmgmt. and adherence to all EQB policies and expectations related toNon-Financialrisks. Business Advisory Provideoperational risk advice to business units to enhance the management of operational risk, includingadvising onrisk mitigation strategies. Influence peers to collaborate in an integrated risk management approach. Risk Reporting Review and provide monthly/quarterly/ad-hoc risk reporting on results of programs for Senior Management, and the Board asrequired. Let’s Talk About You CERN success full degree with Finance or Accounting majorcomplimentedwith 5-7 years of progressive risk management, audit experience, or first line risk management experience (OSFI 1B LOD), preferable in the financial industry. Experience in 2ndline Fraud Risk and Operational Risk management. A professional internal audit designation (CIA, CIDA) and/or a professional accounting designation (CA, CMA, CGA); or an equivalent combination of education and experience Advanced knowledge of risk management, compliance matters, corporate governance, regulatory/legal issues, and business planning strategies. Excellent analytical and quantitative skills andproblem-solvingabilities. Superior written and verbal communication skills coupled with meeting facilitation abilities and superior presentation skills. Effective organization, project, and time managementin order toefficiently deliver concurrent projects with competing priorities. Experienced in audit or sampling techniques and regulatory/legal requirements of financial institutions. Developing/maintainingknowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes. Project management skills: financial/budget management,scheduling,and resource management. Ability to lead and motivate the(Session? Wait we keep as original) - No but we follow original. Ability to lead and motivate the operational risk team to achieve tactical and strategic goals, even when only "dotted line" reporting lines exist. Excellent stakeholder management skills. High’écoute of personal integrity, as well as the ability to professionally handle confidential matters and show an appropriate level of judgment and maturity. High degree of initiative, dependability, and ability to work with little supervision while being resilient to change. Communication: Complex e.g.,(updated) Let's keep original textual. Communication: Complex e.g., external meetings, writing proposals, drafting speeches, negotiating terms,providingtechnical guidance to externalaudience. What we offer (For full-time permanent roles) Competitive discretionary bonus ✨ Market leading RRSP match program