Team Lead, Enterprise and Ops Risk Mgmt (ID:3099)

Position Id
3099
Location
North York ON
Job Type
Full-Time Regular

Team Lead, Enterprise and Operational Risk Management

Competitive base salary + bonus + comprehensive package

The Client

The client is a top financial institution with significant North American holdings. They have operations across most major verticals, including institutional & corporate, wealth management, private client, commercial banking, treasury, and retail banking.

Overview:

· Overall management of Enterprise Risk Management (excluding Credit Risk)

· Oversight of Operational Risk Management program

· Management of Capital Adequacy Assessment and Planning

· Risk Monitoring System Management

· Regulatory Reporting

What you will achieve in this role:

Overall management of ERM:

· Maintenance of Risk Appetite Framework and Statement, and Risk Management Framework

· Provide independent challenge of risk activities performed in business and corporate functions

· Prepare monthly and quarterly risk and regulatory reporting for management risk committees, Board committees, parent bank and regulators

· Prepare progress reporting on RMD matters for management team, parent bank, and internal audit

· Organize Risk Management Steering Committee meetings

· Lead ERM team, including attracting, developing and retaining staff

Implementation of Operational Risk Management (ORM):

· Oversee implementation of Business Process Mapping & Risk Control Self-Assessments by business and corporate functions, including facilitation of RCSA sessions, challenge of RCSA results, follow-up of action items

· Maintain Operational Risk Policy and related guidelines

· Provide oversight of the implementation and monitoring of Key Risk Indicators for Operational Risk across the Bank

· Implementation of ORM Reporting to Risk Management Steering Committee and the Board’s Risk Management Committee

Management of Capital Adequacy Planning & Assessment process:

· Perform an annual internal capital adequacy assessment and report results to the Risk Management Steering Committee and the Board Risk Management Committee

· Propose risk limits for capital adequacy

· Prepare annual capital plan

· Design and implement stress tests for significant risks

· Prepare monthly and quarterly reporting of capital adequacy and capital planning

· Prepare and deliver training to staff on Enterprise Risk Management and Operational

· Risk Management

Risk Monitoring System Management:

· Manage the maintenance contract

· Ensure adequate controls over the Risk Monitoring System

· Reviewing Reports

· Review reports for regulatory returns, parent bank, public disclosure etc.

· Attract and oversee development and retention of staff, including objective setting, coaching and performance management

· Build and maintain effective working relationships with other members of the Risk Management Department, members of the branch and corporate function teams and other senior management, parent bank personnel, OSFI, external auditors, and members of the Board of Directors

· Monitor industry developments and regulatory changes for emerging risks and changes that may need to be made to Bank risk management processes; escalate any related issues to the appropriate departments and the CRO

What you will bring to this role:

· University Degree in Business, Mathematics or Economics

· 8+ years of experience in a Risk Management role, within a Canadian federally regulated financial institution

· Must possess strong analytical skills, including conceptual thinking and excellent problem-solving skills

· Ability to develop and maintain a collaborative work environment for staff and colleagues

· Strong verbal and written communication skills; ability to synthesize and present complex concepts in a clear and concise manner

· Ownership and Accountability – take responsibility for decision making and accomplishing objectives within role

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