Senior Manager Operational Risk Management
Senior Manager Operational Risk Management
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Job Description
Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits. We help hardworking Canadians from coast-to-coast achieve homeownership by offering flexible mortgage solutions. Our insured GIC deposits offer competitive rates and are available through a variety of wealth management platforms.
About Haventree Bank
Headquartered in Toronto Ontario Haventree Bank (Haventree) is a mission driven alternative mortgage lender. The name Haventree is representative of the banks mission to help its customers find a place of refuge and to lay down new roots for the future. Haventree exists to be a catalyst of financial security and upward mobility for Canadians who are underserved by the traditional financial system.
Position Summary:
Reporting to the Director of Enterprise Risk Management the Senior Manager of Operational Risk Management (ORM) is responsible for overseeing the operational risk management of the Bank including and not limited to the effectiveness and enhancement of programs and their continued adherence to regulatory requirements. The Senior Manager proactively engages stakeholders across the organization to monitor assess and report on various risks to the company. The role includes a combination of project initiatives framework development risk assessment risk review and monitoring. In delivering on the ORM program the Sr. Manager works closely with Business Unit heads and the senior management team across the company to enhance operational risk management practices and reporting.
Major Duties & Responsibilities:
- Lead the enterprise operational risk management program including pRCSA (development and rollout) business continuity management crisis management IT & cyber security risk oversight incident management risk acceptances risk culture and change management.
- Enhance the operational risk management framework policies and procedures to ensure continuous improvement and program maturity across the organization.
- Ensure compliance with OSFIs E-21 Operational Resilience guideline through the design implementation and management of the banks operational risk management framework.
- Provide oversight and effective challenge to the work performed by the first line of defense ensuring alignment with risk appetite and operational resilience.
- Partner with the first line of defense for risk assessment reporting activities and maintaining the Risk and Control framework.
- Independently review and validate the design and operating effectiveness of various operational risks and controls.
- Implement ORM best practices throughout the organization.
- Develop root cause analysis and provide risk oversight on operational risk incidents.
- Support the development monitoring and measurement of key risk indicators (KRIs).
- Gather information design and format data for regular and ad-hoc reporting ensuring accurate and timely information.
- Monitor and report on operational risk metrics including pRCSA Operational Loss incidents internal audit findings Fraud Risks IT Security risks and BCM activities.
- Training and Development: Ensure continuous education and training for staff on operational risk management practices.
- Promote a strong risk culture across the organization emphasizing the importance of risk awareness and proactive management.
- Provide effective second-line oversight on technology operations cybersecurity controls and incident management.
- Design and implement the annual business continuity planning and testing exercises to encompass OSFI E-21 Operational Resiliency expectations.
- Support internal and external audit processes by providing necessary information and oversight.
Qualifications & Experience:
Degrees Diplomas & Certifications:
- The position requires a university degree with a focus in one or more of: Business Finance Risk Management Statistics Accounting or a similar field.
Years and Range of Experience Required to Perform the Job:
- The position requires a minimum of 5 years work experience in a Risk Management role.
- Strong understanding of regulatory requirements and experienced in providing actively engage/participate in relevant risk forums.
- In-depth knowledge of risk management frameworks and methodologies.
- Strong project management skills and experience. Will manage multiple initiatives across many different teams.
- Have in depth experience building maintaining and reviewing risk and control frameworks and their inputs.
- Have experience building reviewing or challenging key performance indicators (KPI) and key risk indicators (KRI).
- Demonstrated ability to deal comfortably with all levels of both internal and external contacts with a friendly professional attitude.
- Excellent communication and collaborator leadership skills with the ability to influence and work with senior leadership technical teams and other collaborators.
- The position requires strong written and verbal communication skills and exceptional organization and time management skills.
While we thank everyone for their interest in Haventree Bank please note that only candidates selected for an interview will be contacted. Haventree Bank is committed to providing accommodation when needed. If you require an accommodation we will work with you to meet your needs.
- As a job candidate our recruitment process includes collecting personal information. Please click the link here to review our Privacy Policy.Privacy Statement Haventree Bank
- Stay in touch with us if this position is not the right one for you please click on this link for other roles atCareers Haventree Bankor follow us on LinkedIn at Bank embraces equal opportunity diversity and inclusion. Please let us know if you require any accommodations during the recruitment and selection process by contacting
Required Experience:
Senior Manager
Employment Type
Full-Time
