Internal Operational Controls and Testing Analyst - Toronto, Canada - HomeEquity Bank

HomeEquity Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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

POSTION SUMMARY

The role reports to the Director and will work closely with others across Operations to ensure risk within the Business unit is being managed appropriately.

Duties include the implementation and documentation of internal controls, identification of control weaknesses and assisting in the remediation of deficiencies, enhancing control descriptions, perform testing on key controls, deliver timely reporting on NIRA's and Business unit reporting and help ensure an effective and efficient internal control environment.

MAJOR ELEMENTS OF THE ROLE
Operational, Credit Risk Compliance

Maintain a comprehensive knowledge of HomeEquity Bank's funding policies, standards, procedures, and guidelines.
Ensure risk is being managed effectively while maintaining a customer and performanceoriented culture.
Support in the areas of risk and policy which helps the Business Unit achieve its goals in alignment with the Bank's strategy.
Supports the implementation and management of an effective risk management and compliance program for Operations, that includes RCSAs, KRIs, NIRAs and RCM
Provide ongoing support to investigate and mitigate internal audit and regulatory risks and opportunities
Ensure business unit needs are met or exceeded by resolving complaints in a timely manner.
Perform quality testing of mortgage files.
Credit review of files to ensure adherence to Credit Risk Guidelines.

Training and Coaching

Works closely with the Director of Internal Controls in coaching and training other members of staff pertaining to 1B activities.

Reporting

Responsible for the preparation and delivery of Business unit Reporting
Development and implementation of Key Risk Indicators
Responsible for the delivery of Risk and Controls Assessments including process mapping, documentation of RCSA controls matrix findings and action plans.
Responsible for the timely delivery of NIRA's prior to projects being implemented.
Present quarterly reporting including findings from RCSA's and Issues to Management
Credit risk reporting and presentation of credit risk findings.

Additional Responsibilities

Act as a critical contributor to the Bank's operational efficiencies by identifying and proposing effective solutions to any internal process challenges
Work closely and collaboratively with other risk and oversight functions
May be called upon to support quantitative and qualitative analysis in other programs within Quality Improvement Strategies

SKILLS AND EXPERIENCE REQUIRED

University Degree or Community College Diploma
Progressive mortgage processing and internal controls or testing experience in a Canadian financial institution.
Operational risk and Credit risk experience will be an asset.
Attentive to detail, wellorganized and effective time management skills
Strong oral and written communication skills
Collaborative working style with the ability to take initiative, combined with an ability to work independently and know when to make decisions and when to seek input from others.
Good computer skills (Excel, Outlook, Word, Access)

Working Conditions Unique to Job

Hybrid working 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