Senior Risk Analyst

2 weeks ago


Toronto, Canada Financial Services Regulatory Authority of Ontario Full time

Description

:

PURPOSE OF POSITION

Accountable for conducting detailed risk analyses, assessments and reporting on an assigned portfolio of financial institutions and for leading change in departmental processes and systems in support of overall regulatory risk management and Risk Assessment strategies.

KEY RESPONSIBILITIES

Conducts comprehensive risk analysis of business intelligence, market data, financial and other regulatory information requested from / submitted by credit unions, to assess each institution’s overall performance in such risk areas as: credit, market, structural, liquidity, operational and strategic. 

Maintains risk assessment profiles for each institution based on detailed analysis of prescribed factors and identifies the impact of emerging risks as trends as well as providing an action plan for further monitoring and follow up. 

Supports the preparation and analysis of sector and peer related information and data trends – including published data on the FSRA website

Supports the development and maintenance of data collection and reporting systems in collaboration with IT

Develops and maintains business relationships across the Credit Union and Insurance Prudential Function (in conjunction with other Supervisory Teams) to provide risk analysis expertise, collaboration and services in support of decision making and other initiatives. 

Ensures institution risk profiles and related documentation remain current and accurate to support decision making regarding supervisory actions and insurance premium amounts.

Provides analytical support and recommendations to inform decision-making regarding regulatory requests and approvals (e.g, request for new subsidiary, capital issuance, significant investments, new business etc).

 Prepares qualitative and quantitative reports to support supervisory reviews, assessments, and decision making activities (e.g. policy changes, Guidance Notes, Industry Advisories etc) including regular and ad hoc sector trend analysis.

Develops, produces and supports standardized internal reports and reporting templates

Supports internal and external ad hoc data requests and quantitative reporting

Supports the development of risk assessment, monitoring and stress testing tools and methodologies

Leads assigned Risk Assessment business process review initiatives from concept through to change management implementation and post implementation reviews aimed at developing and/or improving the effectiveness of existing data collection, analysis and reporting methods and supporting Risk Assessment.

Ensures documented processes are in place to effectively execute all required risk assessment activities.

QUALIFICATIONS

Education and Experience

Degree in finance, business, accounting, or related field combined with a C.A, CPA or CFA designation

3 – 5 years’ experience in risk analysis and assessment within a financial or business environment

Knowledge of risk analysis and assessment methodologies and techniques. 

Demonstrated knowledge of business process methods and techniques and expertise in leading business process reviews and change management initiatives through to implementation.

Knowledge and Skills

Risk, financial and business analysis skills to analyze complex financial institutions.

Familiarity with Regulatory rating models such as CAMEL, CAMELSC or alternatives.

Strong analytical and data management skills with the ability to collect, organize, analyze, and disseminate significant amount of information

Working knowledge of legislation and ability to interpret and apply legislation and regulations in a regulatory environment.

High level skills in MS Excel, MS Access, PowerBI or other data visualization solutions is considered a strong asset

Oral communication and interpersonal skills to provide risk analysis expertise, customer services and lead/ support change initiatives with multiple stakeholders.

Written communication skills to prepare comprehensive risk analysis and assessment reports as well as change management projects. 

Job Posting End Date:

06/26/2024

Job postings close at 11:59pm on the date noted.

Compensation Grade:

Grade 06-AMAPCEO

Compensation Range:

$74,877.00

-

$110,338.00

Bargaining Unit:

AMAPCEO

Job Code:

Job Code: 6A001F

Employment Type:

Regular

Scheduled Weekly Hours:

36.25

FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.

NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED


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