Senior Analyst, Third Party Risk

EQ Bank | Canada's Challenger Bank; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive discretionary bonus

RRSP matching program

Medical, dental, vision, life, and DI

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation policy and personal

Virtual events and career development

Job summary

EQ Bank in Toronto is seeking a Senior Analyst, Third Party Risk Management, to support second line risk activities and oversee third party risk governance. You will help develop risk standards, tools and reports across the organization, working closely with risk and business teams.

The role emphasizes data-driven analysis, dashboards, and ongoing monitoring of third party relationships. Hybrid work is available, with in-office collaboration required at EQ Bank’s space in Toronto.

Qualifications

• Post-secondary education in business, with enrollment in a relevant professional designation.
• 3+ years of risk management experience in operational risk and controls.
• Strong attention to detail, analytical and quantitative skills.
• Excellent written and verbal communication and meeting facilitation.
• Organizational and time-management skills to deliver concurrent projects.
• Developing knowledge of financial industry risk practices and regulatory changes.
• Data analytics skills including Power BI and Excel.
• Familiarity with Microsoft Copilot and AI tools to improve processes.

Responsibilities

• Contribute to third party onboarding due diligence assessments and drafting reports.
• Maintain third party risk systems, dashboards, and team communications.
• Perform data quality reviews ensuring accuracy and completeness of data.
• Manage third-party lifecycle, including Monitoring Plans and Contingency Plans.
• Track action plans from due diligence and monitoring activities; document governance meeting minutes.
• Collaborate with Directors on risk projects and strategic initiatives as required.
• Support cross-functional units on third party risk obligations.
• Produce regular and ad-hoc risk reporting and analytics for senior management.

Skills

Risk management

Operational risk

Data analysis

Power BI

Excel

Communication

Education

Post-secondary education in business

Tools

Microsoft Copilot

AI tools

Job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving?

The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!

The Work

The Senior Analyst Third Party Risk Management provides support in the development of operational risk standards, tools, processes, and systems, and in the execution of oversight and reporting of operational risk management practices across the organization.

The Core Responsibilities

The primary focus of this role is to support second line of defense third party risk management activities within the Operational Risk Management department.

Operational Risk Management

• Contribute to the third party onboarding due diligence assessments, compile results, and draft reports
• Support the maintenance and management of the third party risk supporting systems, tools, dashboards, teams communication sites and management of shared mailboxes
• Assist in data quality reviews to ensure the accuracy, reliability and completeness of data and apply best practices for data capture and maintenance
• Support the ongoing management of the third-party lifecycle, including monitoring activities and assisting with the ongoing maintenance and updates of Monitoring Plans, Exit Strategies, and Contingency Plans
• Responsible for tracking action plans based on outcomes of due diligence, calibration activities, monitoring, incidents, and transition provisions and reporting statusAssist in the development and preparation of the agenda for third party onsite visits and attend and document minutes for third party governance meetings
• Engage with and assist Directors and Managers on the Operational Risk Management team on third party and operational risk strategic projects, risk activities and undertaking development activities, as required.
• Work with business units and departments to assist with their overall third party risk management obligations.
• Support third party risk reporting including maintaining monthly/quarterly/ad-hoc risk reporting on key risk indicators, and operational risk levels and developing analytics.
• Develop and prepare the agenda for third party onsite visits
• Contribute to the development, administration and maintenance of the Bank’s third party risk management system, ensuring risk data populated is timely, accurate and consistently applied.

Risk Governance & Oversight

• Assist with maintaining third party and operational risk management guidelines, manuals and tools.

Business Advisory

• Assist in the awareness, understanding, communication and training of third party and operational risk procedures.

Risk Reporting

• Support regularly scheduled and ad-hoc third party risk reporting and analytics to Support Senior Management reporting.

Let's Talk About You

• Completion of a post-secondary education program in the business field, complemented with enrollment in a relevant professional designation program.
• 3+ years of relevant risk management experience in operational risk and controls, preferably gained through working in front office, risk management, consulting role in financial industry, Audit, Compliance or Operational risk management.
• Strong attention to detail. Strong analytical and quantitative skills and problem-solving abilities.
• Proficient written and verbal communication skills including the ability to facilitate meetings and draw insights.
• Good organizational, project and time management to efficiently deliver concurrent projects with competing priorities.
• Developing knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.
• Data analytical skills including proficiencies in Power BI, Excel and data reporting tools
• Familiarity with Microsoft Copilot and AI tools, with the ability to support their use to improve processes and productivity.

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 EQ Bank’s additional office space located at2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.