Manager Operational Risk Management - Toronto, Canada - Equitable Bank

    Equitable Bank
    Equitable Bank Toronto, Canada

    2 weeks ago

    Default job background
    Full time
    Description

    Core Parts Of The Role Would Be:

  • The Manager Operational Risk Management role is being created to support the advancement of risk management practices related to operational resiliency, business continuity, change management and third party risk in support of regulatory requirements OSFI B10 and OSFI E21 guidelines.
  • Operational Risk Management
  • Support the business activities related to implementation of various risk identification tools such as the new initiative risk assessment (NIRA) and the Risk and Control Self-Assessment (RCSA) and
  • Evaluate and challenge Key Risk Indicator (KRI) reporting to validate accuracy and identify trends.
  • Provide oversight to the business through assessments, ensuring remediation / action plans are appropriately addressed, monitored, reported and escalated, as necessary.
  • Conduct investigations and prepare reports for operational risk events.
  • Provide recommendations on potential emerging risks and significant events which could have a material impact on the successful achievement of corporate objectives.
  • Contribute to the development, administration and maintenance of the Bank's Governance, Risk Management and Compliance (GRC) tool (Resolver), ensuring risk data populated is timely, accurate and consistently applied.
  • Assist with operational risk training programs and program awareness delivery.
  • Operational Risk Governance & Oversight
  • Contribute to reviews and updates to operational risk policies, guidelines and standards.
  • Create and maintain operational risk management guidelines, manuals and tools.
  • Information Technology & Security Risk
  • Through oversight activities, ensure that technology issues are identified, remediated and reported to senior management within established monitoring and escalation parameters.
  • Business Advisory
  • Assist with oversight activities with business units to enhance the management of operational risk.
  • Risk Reporting
  • Support regularly-scheduled and ad-hoc risk reporting and analytics to support senior management reporting.
  • Third Party Risk Management
  • Support oversight activities for third party risk management process.
  • Support the third party reviews for material third parties in collaboration with Procurement and other subject matter areas as required.
  • Contribute to the development, administration and maintenance of the Bank's third party risk management tools, ensuring risk data populated is timely, accurate and consistently applied.
  • Business Resiliency
  • Support activities related to the business continuity management (BCM) program including plan reviews and reporting
  • Coordinate disaster recovery business testing activities including review of test plans, results and communications

    • Let's Talk About You

  • Undergraduate degree in finance, economics, business administration or commerce complemented by a professional designation in finance or accounting.
  • 3-5 years of experience in an operational risk and/or information technology risk oversight role in a financial institution.
  • Risk Management certification such as, Canadian Risk Management Designation (CRM) would be considered an asset.
  • Basic knowledge of risk management, compliance matters, and corporate governance.
  • Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.
  • Strong written and verbal communication skills coupled with meeting facilitation abilities and good presentation skills.
  • Good organizational, project and time management skills to efficiently deliver concurrent projects with competing priorities. PMP would be considered an asset.
  • Experienced in audit or sampling techniques and regulatory/legal requirements of financial institutions.
  • Developing knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.
  • Requires the ability to support.
  • Requires the ability to analyze information and assess impacts on the bank's level of internal control and risk mitigation.
  • Self-starter with the ability to identify risks, issues, and potential resolutions.
  • Requires the ability to support the preparation of materials and presentations in support of the operations risk program/framework.
  • Collaborate with peers through operational risk review and analysis.
  • Requires the ability to proactively consider impacts from risk exposures based on inputs under analysis.
    • 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.