Senior Risk Specialist, Model Risk

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profile Job Location:

Toronto - Canada

profile Monthly Salary: Not Disclosed
Posted on: 13 hours ago
Vacancies: 1 Vacancy

Job Summary

Job Description

This is a hybrid role with a mix of remote and in-office working

Current work authorization for Canada is required for all openings.

Who We Are

At Fidelity weve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and were constantly seeking to find new and better ways to help our clients. As a privately owned company we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means youll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. Youll have a wide range of opportunities to grow and develop your career in an inclusive environment where youll feel valued and supported to be your best - both personally and professionally.

What We Do

Reporting to the Manager Risk Management the Risk Specialist Sr conducts ongoing monitoring/oversight provides regular detailed reporting on the status of risk programs consult and provides independent challenge on control effectiveness. This role provides analysis monitoring and challenge to identify areas for improvement and remediation by business units to support a sound operational environment.

How Youll Make an Impact

Program Monitoring Oversight and Reporting

  • Effectively maintain Risk Management Programs on a day-to-day basis to identify monitor and assess risk. Programs include but are not limited to Model Risk Management AI Risk Change/Project Risk Management End User Computing and Ad-hoc Risk Assessment.

  • Define implement and maintain the organizational Model risk framework to assess model risk and complexity and drive additional risk control activities

  • Ensure programs are consistently assessed; Program policy guidelines and internal procedures documents are kept up to date and relevant.

  • Issues encountered during real-time monitoring or through formal reviews are escalated appropriately and effectively to the Manager Risk Management.

  • Ensure program reporting is kept current and distributed to key stakeholders.

  • Areas for improvement and remediation are identified and consensus built on recommended solutions.

  • Independently challenge the status quo in a respectful manner.

  • Provide awareness and promote strong risk management practices and principles across the organization through effective communication and training to ensure risk management programs are understood.

Training and Risk Culture

  • Provide awareness and promote strong risk management practices and principles across the organization through effective communication of Polices and Programs.

  • Develop maintain and deliver effective training on risk Programs and Policies to FIC employees through a variety of mediums including online and face-to-face so that policies are understood and that employees are equipped to recognize and escalate knowledge of material risk.

  • Promotes awarenessto ensure that business understand their roles and responsibilities

  • Advocate for a strong risk culture and drive change

Project Risk Policies and Procedures

  • Participate in complex or highly critical projects to ensure risks are appropriately identified assessed and challenged.

  • Ensures all stakeholders are appropriately trained on the project risk framework and requirements risk concepts including risk identification assessment and action planning.

  • Verifies adherence to risk framework ensures required risk control activities are completed and operating effectively

  • Consistently advocates for strong risk management principles and builds trusted relationships with all stakeholders

  • Actively participates in project meetings and supports challenges and identifies critical/material project implementation/delivery and BAU risks

  • Ensures accountability of stakeholders and actively asks questions and challenges the status quo

  • Proactively questions and assesses project risks and provides effective challenge

  • Evaluates identified risks in collaboration with risk owners and proposed response plans

  • Participates actively in post implementation lessons learnt and continuous improvement discussions

Ad-hoc Risk Assessments

  • As required conduct ad-hoc risk assessments for high-risk processes and critical projects or business functions

  • Assess new and/or changes to operational processes including process mapping risk and control documentation and evaluation and action planning

  • Provide value-add recommendations to stakeholders for operational readiness decisions

  • Ensures material residual risks are identified action plans are identified and are robust

What Were Looking For

  • Completion of a University degree or equivalent work experience

  • 3 years of relevant risk experience

  • Model Risk Management experience is an asset

  • Familiarity with standards and frameworks like ISO/IEC 42001 Artificial Intelligence - Management System (ISO 42001) and the NIST AI Risk Management Framework (RMF) is an asset.

  • Machine Learning/ Technology /Agile Risk Management experience is a nice to have

What You Will Bring

  • Ability to work in a fast-paced environment to defined deadlines

  • Strong analytical skills problem-solving ability and attention to detail

  • Good communication skills ability to engage with individuals at all levels

  • Capable of assimilating complex material and to identify and discuss complicated concepts

  • Able to work on own initiative and develop practical solutions under pressure

  • Good knowledge of risk management processes and procedures

  • Knowledge of financial services products processes and industry is an asset

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race color religion sex sexual orientation gender identity or expression national or ethnic origin age disability family status protected veterans status Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation please email us at .

No telephone inquiries or agencies please. We thank all applicants for their interest please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity

We are proud to be recipients of the following:

Awards

Canadas Top 100 Employers
o Greater Torontos Top Employers
o Canadas Top Family-Friendly Employers
o Canadas Top Employers for Young People

Great Place To Work Certified
o Best Workplaces for Inclusion
o Best Workplaces for Mental Wellness
o Best Workplaces for Todays Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams

LinkedIn Top Companies in Canada

Human Resource Director (HRD) - Best Place To Work
o HRD - 5-Star Benefit Program
o HRD - 5-Star Diversity & Inclusion Employer

Designations
Canadian Compassionate Companies Certified
Benefits Canadas Workplace Benefits Award - Future of Work Strategy
TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting
Canadian HR Reporters Most Innovative HR Team


Required Experience:

Senior IC

Job DescriptionThis is a hybrid role with a mix of remote and in-office workingCurrent work authorization for Canada is required for all openings.Who We AreAt Fidelity weve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range...
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About Company

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Fidelity Investments offers Financial Planning and Advice, Retirement Plans, Wealth Management Services, Trading and Brokerage services, and a wide range of investment products including Mutual Funds, ETFs, Fixed income Bonds and CDs and much more.

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