Risk Specialist Sr, Model Risk (Contract until April 2027)

fil; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

Fidelity in Toronto is seeking a Risk Specialist, Sr on a contract basis to monitor and oversee risk programs, report on risk statuses, and provide independent challenge to control effectiveness. The role reports to the Risk Management Manager.

The position involves a hybrid work arrangement, working from 483 Bay Street, Toronto, with a planned move to Mississauga in 2026, and a contract end date of April 26, 2027.

Responsibilities

• Maintain Risk Management Programs day-to-day to identify, monitor and assess risk across multiple domains.
• Define, implement, and maintain the organizational Model risk framework to assess model risk and drive control activities.
• Escalate issues to the Manager, Risk Management and ensure program reporting is current and distributed to key stakeholders.
• Provide awareness and training on Policies and Programs to promote a strong risk culture across the organization.
• Participate in complex projects to ensure risks are identified, assessed, and mitigated.
• Conduct ad-hoc risk assessments for high-risk processes as required.

Job description

Job Description

Current work authorization for Canada is required for all openings.

You will be working on a hybrid schedule as part of Fidelity's dynamic working arrangement.

The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.

Please note this is a contract role ending April 26, 2027.

Who We Are

At Fidelity, we've 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 we're 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 you'll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You'll have a wide range of opportunities to grow and develop your career in an inclusive environment where you'll 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 You'll 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 escalat knowledge of material risk.

Promotes awareness to 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