Operational Risk Manager - Toronto, Canada - HomeEquity Bank

HomeEquity Bank

Verified Company

Toronto, Canada

1 week 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.

We Are Customer-Focused, Passionate Advocates.

We Have the Courage to Act and Do the Right Thing.

We Are One Team, with One Vision.

We Think Long-Term, We Are Ever-Evolving.

We Strive to Be Exceptional and Inspire Greatness.

***: The role will support the execution of HomeEquity Bank's Enterprise Risk Management Program by driving bank wide risk and control assessments, developing and monitoring Key Risk Indicators, and in the performance of control testing. The role will primarily focus on Operational Risk (including Fraud and Model Risk) while providing ancillary support on Credit Risk as needed. As a second line of defence role, it will provide independent challenge to the first line. Will ensure regulatory compliance with regards to OSFI and other applicable regulations and guidance.

MAJOR ELEMENTS OF THE ROLE:

Support in the execution and continuous improvement of the Bank's Enterprise Risk Management programs.
Drive the Bank's Risk and Control Self-Assessment (RCSA) Program.
Perform bank wide control effectiveness testing and risk monitoring.
Track, monitor, and validate remediation of issues identified through the Bank's control testing programs.
Prepare reports on the results of control testing and work with business unit control owners to develop appropriate action plans to address any identified issues.
Build and maintain Risk Management KPIs/KRIs. This includes working with the Central Data Governance team to collect appropriate data to support the build out of KRI's and KPI's.
Assist in the review and risk assessments for new projects and initiatives to ensure continued compliance with the Bank's Risk Appetite Framework.
Support the function in delivering data driven insightful reporting to the Board.
Perform risk management, fraud, and money laundering investigations and reviews, as necessary.
Contribute to Risk Management Department projects and initiatives, as needed including expansion of the GRC platforms across multiple risk domains and compliance with new risk management regulations.
Promote risk awareness throughout the Bank for all risk categories including operational risk, fraud risk, and credit/ underwriting risk, and ensure that appropriate training is provided to Bank staff.
Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad hoc Senior Management and regulatory requests.

SKILLS AND EXPERIENCE REQUIRED:

Qualifications:

Post secondary education with 7+ years of experience in Risk Management and/ or Internal Audit in the banking industry, preferably in mortgage lending.
Prior experience independently designing, planning, communicating, and executing Risk Assessment, Monitoring, and Testing programs.
Deep, applied knowledge of OSFI Operational Risk (E21) Framework and Guidance.
Hands on experience with Data Visualization and Analytics tools (Looker, Tableau, Power BI, etc.).
Good to have: Broader knowledge of frameworks and industry best practices in Enterprise and Credit Risk.

Attributes

Welldeveloped analytical, problem solving, research, and control testing/ audit skills.
Effective organizational and time management skills with the ability to manage multiple and changing priorities with mínimal supervision.
Excellent verbal and written communication skills, including experience in preparing and presenting reports and presentations to various levels of management.
Must be proactive, selfmotivated and a selfstarter.
A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team.
Strong attention to detail and accuracy.

Working Conditions Unique to Job:

Standard office environment
Hybrid Work schedule with 3 days in the office

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, and our tireless commitment to inclusivity, professional development, and employee engagement/exp