Director, Operational and Fraud Risk Management
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Monthly Salary:
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Director Operationaland FraudRisk oversees the2ndlinemanagement of operational risk fraud risk change mgmt. risk and fiduciary riskacross the Bank. Responsible to design implement provide training and awareness of these variousprogramsand its related methodologies systems tools and processes for ongoing evaluation of across the Bank. Provides independent oversight and challenge of the effectiveness of the Banks operational risk fraud change and fiduciary riskmanagement practices and monitors adherence to the Risk Appetite outlining both inherent and residual risks acrossall Non-Financial Risks within the department.
Risk Governance & Oversight
- Design and implement operational risk policies guidelines and standards and a measurement methodology which is aligned with regulatory expectations and the Banks overall elected and targeted level of risk measurement maturity.
- Ensure the periodic andtimelyreview of operational fraud change mgmt. andfiduciaryrisk related policies management guidelines risk frameworks risk appetite processes and controls as business and regulatory conditions may require.
- Provideinsightsand recommendations in strategy development of the future growth and maturity of the Bank.
- Overseeand integraterelated risks such as culture risk integrity and securityclimate risk orother regulations asrequired.
- Ensurecommon methodologies and frameworks are builtand used across risk and compliance.
Operational Risk Management
- Guidethe Risk and Control Self-Assessment (RCSA) process for all significant business activities and lines of business assessing and challenging the inherent and residual risk.
- Develop and implement Key Risk Indicator (KRI) frameworksmeasuresand reporting tools in collaboration with business. Evaluating results againstriskappetite framework toidentifypotential actions or changes.
- Ownthe New Initiative Risk Assessment (NIRA)processandtheNewInitiativeApproval Process(NIAP)for new initiatives toproperly assessand mitigate high inherent risks and ensure residual risks are acceptable and within the Banks risk tolerance levels.
- Ensurethe development administration and maintenance of the Banks Governance Risk Management and Compliance (GRC) tool (Resolver) continues to meet the requirements of an Operational Risk Management program.
- Develop and deliver training supporting thevarious programsfor team and Bank employees.
Climate Risk Oversight
- Provide oversight over climate-related risk management programs and activities throughout the Bank.
Fraud Risk Management and Oversight
- Build a 2ndline Fraud Risk ManagementProgram to adequately assess measuremonitorand report fraud risk across all Lines of Business and products within Equitable Bank.
- Train and educate first line on fraud risk and controlsrequiredtoidentify measure and report fraud risk.
Fiduciary Risk
- Ensure trust businesses haveappropriate controlsin place to ensure effectiveriskmgmt. and adherence to all EQB policies and expectations related toNon-Financialrisks.
Business Advisory
- Provideoperational risk advice to business units to enhance the management of operational risk includingadvising onrisk mitigation strategies.
- Influence peers to collaborate in an integrated risk management approach.
Risk Reporting
- Review and provide monthly/quarterly/ad-hoc risk reporting on results of programs for Senior Management and the Board asrequired.
Lets Talk About You!
- Successful completion of a university degree with Finance or Accounting majorcomplimentedwith 5-7 years of progressive risk management audit experience or first line risk management experience (OSFI 1B LOD) preferably in the financial industry.
- Experience in 2ndline Fraud Risk and Operational Risk management.
- A professional internal audit designation (CIA CIDA) and/or a professional accounting designation (CA CMA CGA); or an equivalent combination of education and experience
- Advanced knowledge of risk management compliance matters corporate governance regulatory/legal issues and business planning strategies.
- Excellent analytical and quantitative skills andproblem-solvingabilities.
- Superior written and verbal communication skills coupled with meeting facilitation abilities and superior presentation skills.
- Effective organizationalprojectand time managementin order toefficiently deliver concurrent projects with competing priorities.
- Experienced in audit or sampling techniques and regulatory/legal requirements of financial institutions.
- Developing/maintainingknowledge and awareness of the financial industry risk management practices and regulatory and/or policy changes.
- Project management skills: financial/budget managementschedulingand resource management.
- Ability to lead and motivate the operational risk team to achieve tactical and strategic goals even when only dotted line reporting lines exist.
- Excellent stakeholder management skills.
- High level of personal integrity as well as the ability to professionally handle confidential matters and show an appropriate level of judgment and maturity.
- High degree of initiative dependability and ability to work with little supervision while being resilient to change.
- Communication: Complex e.g. external meetings writing proposals drafting speeches negotiating termsprovidingtechnical guidance to externalaudience.
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 and personal days
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 experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Director
Key Skills
- Category Management
- Athletics
- Customer
- ABAP
- Hydraulics
- ITI
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
