Senior Risk Specialist - Third Party Risk / Supplier Risk

Fidelity Investments; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

Fidelity Investments is seeking a Risk Specialist, Sr in Toronto, responsible for ongoing risk oversight and monitoring. The role includes managing risk programs and promoting strong risk management practices, requiring a university degree and 3+ years of experience. The position offers extensive professional development opportunities and flexible working arrangements.

Benefits

Flexible working arrangements

Comprehensive health benefits

Parental leave top-up to 100% of salary for 25 weeks

Up to $650 for home office equipment

Generous time off policy

Diversity and inclusion programs

Professional development opportunities

Qualifications

• 3+ years of relevant risk experience.
• Knowledge of risk management processes and procedures.
• Experience in Supplier/3rd Party Risk Management is an asset.

Responsibilities

• Maintain Risk Management Programs to identify and assess risk.
• Provide training on risk policies and programs.
• Participate in complex projects to ensure risks are identified and managed.

Skills

Analytical skills

Problem-solving ability

Attention to detail

Communication skills

Education

University degree

Job description

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 Third Party Risk Management, Change / Project Risk Management, End User Computing, and Ad-hoc Risk Assessment.

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 escalate knowledge of material risk.

Promotes awarenessto 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.

Define, implement, and maintain the organizational risk framework to assess project risk and complexity and drive additional risk control activities

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

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

What We’re Looking For

Completion of a University degree or equivalent work experience

3+ years of relevant risk experience

Supplier / 3rd Party Risk Management Risk Management experience is an asset

Change / Project Risk Management experience is a nice to have

What You Will Bring

Ability to work in a fast-paced environment to defined deadlines

Strong analytical skills, problem-solving ability and attention to detail

Good communication skills, ability to engage with individuals at all levels

Capable of assimilating complex material, and to identify and discuss complicated concepts

Able to work on own initiative and develop practical solutions under pressure

Good knowledge of risk management processes and procedures

Knowledge of financial services products, processes, and industry is an asset

Some of the ways we’ll help you feel valued and supported as part of our team :

Flexible working arrangements - 100% remote, hybrid, and in office options

Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you

Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $5000 annually for mental health services and therapy

Parental leave top-up to 100% of your salary for a period of 25 weeks

Up to $650 for home office equipment

Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice

Diversity and inclusion programs, including an active network of Employee Resource Groups

Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation