Operational Risk Management Analyst

Job Overview:

We are seeking a motivated and detail-oriented Operational Risk Management Analyst to join our team. The ideal candidate will contribute to the Bank’s operational risk management efforts by helping in assessing, monitoring, and mitigating risks across various business functions.

Key Responsibilities:

• Collaborate with cross-functional teams to identify, assess, and analyze operational risks within the bank’s processes, systems, and functions.
• Assist in the development and implementation of operational risk management strategies, policies, and procedures.
• Monitor and analyze data to identify trends, patterns, and anomalies that may indicate potential risks.
• Support the creation and maintenance of key risk indicators (KRIs) and risk assessment methodologies.
• Participate in risk assessments and control evaluations to identify weaknesses and recommend enhancements.
• Assist in the design and implementation of risk mitigation plans and control mechanisms.
• Prepare draft detailed risk reports, presentations, and dashboards for management and stakeholders.
• Contribute to the continuous improvement of risk management practices and tools.
• Conduct thorough investigations of suspected fraudulent activities, working closely with relevant departments, and law enforcement if necessary, and draft related reports and responses as applicable.
• Perform risk assessments and control evaluations to identify gaps in fraud prevention measures and recommend remedial actions.
• Draft comprehensive reports and presentations on fraud risk assessments, trends, and mitigation strategies for senior management and regulatory reporting.
• Collaborate with internal audit, compliance, and other risk-related teams as needed.
• Stay current with industry best practices, OSFI requirements, and emerging fraud management trends to ensure the bank’s practices remain effective and compliant.
• Participate in the development and execution of risk-related training programs for employees.

Qualifications and Skills:

• Bachelor’s degree in Finance, Business, Risk Management, or a related field, Master’s degree is a plus.
• 2-5 years of experience in operational risk management, risk analysis, or a related role within the banking or financial services industry.
• Strong analytical skills with the ability to analyze data and draw meaningful insights.
• Excellent communication skills, both written and verbal.
• Detail-oriented with strong problem-solving abilities.
• Familiar with retail and/or commercial banking products and operating process.
• Ability to work both independently and collaboratively in a dynamic environment.
• Knowledge of regulatory requirements related to operational risk management is a plus.
• Relevant certifications such as Certified Fraud Examiner (CFE) or Certified Risk Professional (CRP) are a plus.

Benefits:

• Competitive salary and performance-based incentives.
• Comprehensive health and wellness benefits.
• Professional development and training opportunities.
• Collaborative and inclusive work environment.
• Opportunities for career growth within a well-established financial institution.

If you are a proactive, detail-oriented professional with a passion for operational risk management and a focus on fraud prevention, we invite you to apply for this exciting opportunity. Join our team and help safeguard our bank against evolving fraud risks while contributing to our commitment to excellence and integrity.

Job Type: Full-time

Benefits:

• Company events
• Dental care
• Employee assistance program
• Extended health care
• Life insurance
• On-site parking
• Paid time off
• Tuition reimbursement
• Vision care
• Work from home

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay
• Overtime pay

Education:

• Bachelor's Degree (preferred)

Experience:

• Risk management: 2 years (preferred)

Language:

• Mandarin (preferred)

Licence/Certification:

• Certified Fraud Examiner (preferred)
• Certified Risk Professional (preferred)

Work Location: Hybrid remote in Thornhill, ON L3T 7X8