Senior Business Risk Analyst/Senior Operational Risk Analyst

Fidelity Canada; Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

An innovative firm is seeking a Senior Business Risk Analyst to enhance risk management practices within a dynamic environment. This role involves executing operational risk management programs, conducting deep-dive assessments, and fostering a strong risk culture across business units. You'll collaborate with senior stakeholders to drive compliance and improve risk awareness while enjoying a hybrid work arrangement. With a focus on professional development and competitive compensation, this position offers a chance to make a significant impact in the financial services industry. Join a team that values diversity and supports your growth!

Benefits

Remote and hybrid work arrangements

Competitive total compensation

Participation in profit-sharing

Company RRSP contributions

Comprehensive health benefits

Health Care Spending Account

Virtual Care app access

Health and Fitness Reimbursement

Home office equipment allowance

Generous time off

Qualifications

• 3+ years of experience in operational risk management.
• Experience in financial services and data analysis.

Responsibilities

• Lead risk management program execution and compliance.
• Conduct deep-dive risk assessments and report findings.
• Develop training materials to foster a strong risk culture.

Skills

Analytical Skills

Critical Thinking

Problem Management

Communication Skills

Data Analytics

Education

University Degree

Tools

Digitalization Tools

Visualization Tools

Job description

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Job Description

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

Current work authorization for Canada is required for all openings.

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 You'll Do

The Senior Operational/Business Risk Analyst will take the lead in supporting the designated business unit executive leader in the execution of operational risk management program requirements, proactively identify opportunities, and propose solutions to enhance risk management practices, and advocate and drive a risk-aware culture for the assigned business unit. The Operational/Business Risk Analyst will report to the Manager, Risk Management and will support the designated senior executive on the status of risk program requirements and escalation of issues/findings.

If you are looking for a dynamic opportunity to make an impact, this role is for you!

How You’ll Make An Impact

Risk Program Implementation and Maintenance

• Supports assigned business units on a day-to-day basis to identify, monitor, and evaluate risk. Independently provides guidance and oversees the completion of risk program requirements.
• Ability to identify potential areas which can benefit from a deep-dive risk assessment.
• Lead and independently challenge risk events/issues to understand root cause, impact, and remediation plans/actions.
• Drive Business Units’ compliance with EUC and Model risk assessment frameworks to ensure policy adherence.
• Drive the development of the business units' risk profile, risk appetite, and metrics.
• Develop and monitor processes to ensure completion of action plans and risk acceptance decisions.

Risk and Control Self Assessments (RCSAs)

• Supports and provides guidance to ensure all business units have formalized and robust RCSAs. This includes assessing control environment and assisting business units to identify gaps and ensuring appropriate mitigation.
• Plan RCSA scope coverage, assist in the completion of RCSA, and provide thorough review and effective challenge.
• Perform process walkthroughs with business units and document key risks and controls using best practices.
• Utilize internal systems to accurately capture RCSA results and associated action plans.

Control Testing

• Independently execute and coordinate control testing activities for the assigned business units, assessing control design and effectiveness.
• Oversee control testing scope coverage and execute testing within the given timeframe.
• Work with stakeholders to identify opportunities to improve control testing effectiveness.
• Lead process walkthroughs, conduct independent control testing, and document findings.
• Identify opportunities for improvement and remediation by discussing findings with the business.

Deep Dive Risk Assessment

• Conduct deep-dive risk assessments for high-risk areas and critical functions.
• Proactively identify potential areas for deep-dive assessments by working closely with the business and conducting thorough analysis.
• Execute deep dive risk assessment scope coverage.
• Identify opportunities for improvement and remediation, and recommend solutions.

Reporting

• Consolidate risk information, summarize issues, analyze trends, and report regularly to senior management and 2nd line risk.
• Develop program-based reporting to provide status updates, issues, KPIs, and action plans, and enhance reporting continuously.
• Report risk program results and findings using digitalization and visualization tools.
• Provide policy and program adherence updates to 2nd line risk.

Risk Culture and Training

• Consolidate risk information, summarize issues, analyze trends, and report to senior management and 2nd line risk.
• Develop training materials for business units to improve understanding of risk management requirements and foster a strong risk culture.
• Promote strong risk management practices across the business unit.
• Provide training and oversee risk event escalation and investigation requirements.

What We’re Looking For

• 3+ years of relevant risk/operational risk experience.
• Experience in the financial services industry.
• Experience in gathering, documenting, and analyzing business processes.
• Proficiency in data analytics techniques and relevant data analysis experience.
• Completion of a University degree or equivalent work experience.

What You’ll Bring

• Strong analytical, critical thinking, and proactive problem management skills.
• Excellent communication skills (oral and written).
• Ability to take initiative, work independently, and handle multiple tasks.
• Ability to build strong relationships and influence senior stakeholders.
• Strong interpersonal skills to build effective relationships.
• Excellent time management skills under tight deadlines.
• Team player who works constructively with others to achieve goals.

Benefits & Perks

• Remote and hybrid work arrangements.
• Competitive total compensation.
• Participation in Fidelity profit-sharing.
• Company RRSP contributions.
• Comprehensive health benefits, including mental health coverage.
• Health Care Spending Account.
• Virtual Care app access.
• Health and Fitness Reimbursement.
• Home office equipment allowance.
• Generous time off.
• Volunteer days.
• Access to training and development courses.
• Tuition reimbursement.
• Designations and professional development support.

Equal Opportunity and Accommodation

Fidelity Canada is committed to diversity and inclusion. We consider all qualified applicants and offer accommodations upon request during the application process. Contact us at [e-mail] for assistance.

No telephone inquiries or agencies, please. Only selected candidates will be contacted.