Office Status: Hybrid Salary: $80,000 $110,000 Responsibilities: Facilitate the Risk and Control Self-Assessment (RCSA) process, ensuring comprehensive identification and assessment of risks and controls across business units. Participate in the review and challenge of control design and effectiveness assessments. Collaborate with stakeholders to identify and assess operational and non-financial risks across processes, systems, and activities. Assist in conducting gap assessments and provide recommendations for addressing deficiencies in risk management practices. Monitor and report on Key Risk Indicators (KRIs) to provide actionable insights into emerging risks. Keep abreast of developing global financial and economic trends and emerging risks relating reputational risk and operational risk that may impact the Bank. Assist in preparing of bi-weekly and monthly management and committee materials. Participate in independent challenge and oversight for new product and initiative risk assessments, ensuring thorough evaluation of potential risks. Ensure appropriate risk mitigation strategies are embedded before approval and implementation. Support oversight of operational resilience frameworks, including business continuity, incident management, and recovery plans. Review and challenge the adequacy of resilience testing and risk mitigation strategies. Contribute to the development and enhancement of risk management policies, standards, and frameworks. Ensure policies are effectively communicated and implemented across business lines. Assist in the annual review and update of risk management related policies, frameworks, procedures and desktop manuals. Familiarity with regulatory requirements and expectations related to risk management and operational resilience in financial institutions (e.g. OSFI B-10, B-13, E-21, E-4, Integrity & Security, etc.).
Job Title
Associate, Operational Risk Management