Senior Operational Risk Testing Officer

Bank N.A.; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Bank N.A. in Toronto seeks a Centered Testing professional for 2nd Line testing to assess control effectiveness and regulatory compliance. You will develop test plans, scripts, and execute tests across transversal and business units, reporting gaps and remediation actions.

Responsibilities include designing testing methodologies, building action plans, and ensuring consistent control frameworks across the enterprise. Strong Excel data analytics and independent testing skills are essential.

Qualifications

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge and experience in Operational Risk Management in a Financial Institution.
• Industry Certification preferred
• Ability to run data analytics in Excel and extrapolate meaningful analysis.
• Strong independent testing skills.
• Strong relationship building skills to work with key stakeholders at all levels of the organization.
• In-depth knowledge of the organization's control frameworks.
• Knowledge of testing methodologies.
• Ability to work independently under tight time constraints with minimal need for oversight and peer review to ensure adherence to the control framework.
• Mastery of the Microsoft Suite of products including PowerPoint, Word, and Excel
• Strong communication, critical thinking, relationship management and project management skills.
• Verbal and written communication skills - In-depth
• Collaboration and team skills - In-depth
• Analytical and problem-

Responsibilities

• Design and develop testing strategies and methodologies to assess the effectiveness of the Bank's control environment.
• Execute independent testing across the organization from both a Transversal and Business Unit perspective.
• Determine testing samples by performing in-depth risk-based analysis of the Domains.
• Identify issues and develop recommendations to address any gaps during the test execution.
• Work with issue owners to develop Management Action Plans and remediation steps.
• Ensure implementation of consistent control frameworks across the enterprise.
• Assess monitoring activities to align with regulatory requirements and timelines.
• Act as a Subject Matter Expert around the Bank's Control Frameworks.
• Build relationships with business groups, internal/external stakeholders and regulators.
• Works independently and handles non-routine situations.
• Provides advice and guidance on implementation of solutions aligned to regulatory risk appetite.
• Identifies emerging issues and trends to inform decision-making.
• Analyses and reports on compliance data for risk insights.
• Conducts risk assessments and helps to strengthen controls.
• Supports root cause analysis for material control failures.

Skills

Operational risk management

Independent testing

Relationship building

Data analytics in Excel

Communication skills

Education

Post-secondary degree

Master’s degree preferred

Tools

Excel

PowerPoint

Word

Job description

Application Deadline:

11/06/2026

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

The Centralized Testing Team is a 2nd Line of Defense role responsible for the development, management, and execution of formal testing, monitoring, quality assurance, and review of the 1st and 2nd Line activities to assess the effectiveness of the control environment and program adherence to the bank's governance frameworks. This position will develop testing plans, test scripts, execute testing at both the transversal bank level and within specific business units, report on test results, recommend actions on any gaps identified and work with the Bank Groups to ensure remediation of those gaps.

Key Responsibilities:

• Design and develop testing strategies and methodologies to assess the effectiveness of the Bank's control environment.
• Execute independent testing across the organization from both a Transversal and Business Unit perspective.
• Determine testing samples by performing in-depth risk-based analysis of the Domains.
• Identify issues and develop recommendations to address any gaps during the test execution. Work with issue owners to develop Management Action Plans and work with the identified owners to remediate such gaps through closure.
• Ensure implementation of consistent control frameworks across the enterprise.
• Assess complex monitoring activities associated with the control frameworks. Ensure activities are performed accurately, thoroughly, and in accordance with dynamic regulatory, operational risk requirements, and/or industry best practices, and activities meet timeframe standards.
• Act as a Subject Matter Expert around the Bank's Control Frameworks
• Build effective professional relationships with business group, internal/external stakeholders and trust with regulators.
• Works independently and regularly handles non-routine situations.

Additional Responsibilities:

• Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.
• Identifies and advises on emerging issues and trends to inform decision-making.
• Analyses and reports on compliance data, and related data to gain insights on regulatory risk.
• Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls.
• Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.
• Supports root cause analysis in response to material control failures in business/group.
• Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation. Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Analyzes and reports compliance information to Compliance and business/group management.
• Develops and maintains a high level of expertise in all regulations, directives and guidance which apply to the group(s) supported.
• Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations.
• Accesses, monitors and reports on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements.
• Communicates the roles and importance of each of the three lines of defense, and proactively identifies regulatory risk.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience. Masters preferred.
• In-depth knowledge and experience in Operational Risk Management in a Financial Institution.
• Industry Certification preferred
• Ability to run data analytics in Excel and extrapolate meaningful analysis.
• Strong independent testing skills.
• Strong relationship building skills to work with key stakeholders at all levels of the organization.
• In-depth knowledge of the organization's control frameworks.
• Knowledge of testing methodologies.
• Ability to work independently under tight time constraints with minimal need for oversight and peer review to ensure adherence to the control framework.
• Ability to simultaneously manage multiple high priority projects.
• Must be able to quickly grasp complex strategies.
• Mastery of the Microsoft Suite of products including, Power Point, Word, and Excel
• Strong communication, critical thinking, relationship management and project management skills.
• Verbal and written communication skills - In-depth
• Collaboration and team skills - In-depth
• Analytical and problem-