Manager, Operational Risk Management

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: Yesterday

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 800000 customers 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$142 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 Manager Operational Risk Management supports the development and ongoing execution of a strong operational risk management program across Equitable Bank and provides independent oversight and effective challenge (as the second line of defence) to ensure the Bank operates within its established operational risk appetite.

The Core Responsibilities!

The Manager Operational Risk Management role main objective is the advancement of operational risk management practices in support of regulatory requirement OSFI E21 guideline.

Operational Risk Management

Support the business activities related to implementation of various risk identification tools: the new initiative risk assessment (NIRA) and the Risk and Control Self-Assessment (RCSA)
Evaluate and challenge Key Risk Indicator (KRI) reporting to validate accuracy and identify trends.
Lead the development administration and maintenance of the Banks Governance Risk Management and Compliance (GRC) tool (Resolver) identifying system led automation opportunities for current processes and promoting operational efficiencies.
Provide oversight to the business through assessments ensuring remediation / action plans are appropriately addressed monitored reported and escalated as necessary.
Oversee the management of the Operational Risk Event life-cycle
Responsible for providing effective independent oversight and challenge of the business operations and risk profile to ensure that risks have been appropriately identified and managed.
Provide guidance oversight review and effective challenge of Enterprise issue remediation until closure.
Provide recommendations on potential emerging risks and significant events which could have a material impact on the successful achievement of corporate objectives.
Assist with operational risk training programs and program awareness delivery.

Operational Risk Governance & Oversight

Contribute to reviews and updates to operational risk policies guidelines and standards.
Create and maintain operational risk management guidelines manuals and tools.

Information Technology & Security Risk

Through oversight activities ensure that technology issues are identified remediated and reported to senior management within established monitoring and escalation parameters.

Business Advisory

Assist with oversight activities with business units to enhance the management of operational risk.

Risk Reporting

Support regularly scheduled and ad-hoc risk reporting and analytics to support senior management reporting.

Lets Talk About You!

Undergraduate degree in finance economics business administration or commerce complemented by a professional designation in finance or accounting.
3-5 years of experience in an operational risk and/or information technology risk oversight role in a financial institution.
Risk Management certification such as Canadian Risk Management Designation (CRM) would be considered an asset.
Demonstrated advanced technology proficiency including expert-level Microsoft Office skills (Excel PowerPoint Word) Power BI data modeling and dashboard development and the ability to leverage digital tools to enhance risk reporting analytics and operational efficiency
Advanced knowledge of risk management compliance matters and corporate governance in Canadian Financial Institution environment.
Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.
Strong written and verbal communication skills coupled with meeting facilitation abilities and presentation skills.

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

Professional development and comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.

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:

Manager

Join a ChallengerBeing 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 abo...