Director, Operational Risk, Digital Banking

4 weeks ago


Toronto, Canada Equitable Bank Full time

Activities in support of the Digital Bank

Provide risk advice to business units to enhance the management of risk, including advising on risk mitigation strategies 2 Liaise with Risk Advisory subject matter experts across the Bank to ensure all risks are appropriately identified and mitigated. Design, optimize and document controls including influencing peers to collaborate in an integrated risk management approach. Ensure controls are implemented by control owner and evidence is available. Challenge and provide coaching on how to improve existing processes to enable controls to be effective while enabling agility. Guide the 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, measures and reporting tools in collaboration with business. Evaluating results against risk appetite framework to identify potential actions or changes. Facilitate the New Initiative Risk Assessment (NIRA) process for new initiatives to properly assess and mitigate high inherent risks and ensure residual risks are acceptable and within the Bank’s risk tolerance levels. Manage the operational risk event reporting program and review operational risk events and conduct root cause analysis to assess processes and controls for correction or improvement opportunities. Through oversight assessments and activities, ensure that issues and opportunities are identified, remediated, and reported to senior management within established monitoring and escalation parameters. Establish and implement testing methodologies, programs, and scenario analysis in line with the maturity of the Bank's risk programEnsure the 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 the Operational Risk Management programs for team and Bank employees 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 and timely review of operational risk related policies, management guidelines, risk frameworks, risk appetite, processes and controls as business and regulatory conditions may require. Provide insight and recommendations in strategy development of the future growth and maturity of the Bank.

Knowledge/Skill Requirements

Post-secondary education in a related field (Risk Policy, Risk Management, Business, Finance) 5-7 years of progressive risk management, audit experience, or first line risk management experience (OSFI 1B LOD), preferably in the financial industry. Dynamic individual with expertise in digital, deposit and payment domains Experience in business process improvement and design including scaling and automating processes. Agile individual, with digital, deposit and payments experience 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 and problem solving abilities. Superior written and verbal communication skills coupled with meeting facilitation abilities and superior presentation skills. Effective organizational, project and time management in order to efficiently deliver concurrent projects with competing priorities. Experienced in audit or sampling techniques and regulatory/legal requirements of financial institutions. Developing/maintaining knowledge 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 operational risk team to achieve tactical and strategic goals, even when only "dotted line" reporting lines exist. Excellent stakeholder management skills. High level 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., external meetings, writing proposals, drafting speeches, negotiating terms, providing technical guidance to external audience.What we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy, personal days and even a moving day Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceThe incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

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