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Manager, Risk

Employment Status
Permanent Full-Time
Location
Toronto, ON
Department
Risk and compliance
Reporting To
Vice-President, Enterprise Risk
Job Id
CPL - 071
Job Level
L3
Seniority Level
Management
Position Overview

The position supports the Risk & Governance team which is responsible for risk management, audit, and governance activities in alignment with the firm’s strategic priorities and risk exposures. The position will be directly engaged in supporting the firm by defining and managing the production of key risk and performance indicators, producing risk reporting for Executive Committees/Board reporting, and managing risk assessments and data analytics.

Duties & Responsibilities

Risk governance and reporting

  • Manage and support the production of reporting for presentation to risk committees, management, executives, and the Board of Directors
  • Manage and support the production of periodic updates on the risk profile of the firm
  • Demonstrate progress on risk mitigation initiatives with oversight of industry trends
  • Assist in the design of timely reporting to provide insights into material and emerging risk exposures while enhancing current risk reporting to support strategic decision-making
  • Develop and operationalize new key risk and performance indicators to highlight new exposures and trends
  • Sustain and continually refine risk and performance indicator coverage, scope, thresholds, methodology and reporting vehicles
  • Interface with subject-matter-experts in Finance, Compliance, Human Resources, Business Analysis, Operations, Technology, and other business units to source and assess risk data while contributing risk expertise on firm projects and initiatives
  • Contribute to the automation of reporting and risk indicator sourcing and production processes.

Risk assessments and program management

  • Manage risk initiatives, including executing risk and data analyses, ongoing communication with key stakeholders, monitoring progress, and producing reporting
  • Support risk assessments related to new, emerging or material risk exposures and produce risk memos in support of strategic decision-making and significant changes
  • Execute in-depth risk data analytics to highlight improvement areas and assess risk root cause and trends
  • Contribute to production of data-driven risk models, scenario analyses, trend analyses, stress tests, etc.
  • Manage and support stakeholders with risk identification, documentation, treatment, monitoring, and closure
  • Assess risks to determine prioritization, impact, likelihood and provide recommendation to accept, transfer, mitigate or remediate via development of action plans
  • Assess portfolio and market risks with strong understanding of global market indices
  • Understand and maintain market risk models with enhancements to existing infrastructure
  • Assist in sustaining and enhancing risk management policy, procedures, and taxonomy and in developing new risk management processes and tools by researching and applying best practices
  • Contribute to the development and management of risk education and training programs.

Audit support

  • Assist in the enhancement and sustainment of audit methodologies, policy and practices
  • Assist in audit scoping and planning
  • Monitor audit issue remediation and produce insightful reporting on key themes, root causes and enhancement opportunities
  • Lead and contribute to gap assessments and resultant control enhancement activities
  • Execute substantive audit testing in support of branch, thematical and internal audits.
  • Lead audit issue remediation and closure validation activities
  • Lead external audit coordination and fulfillment activities, including sourcing and vetting evidential documentation and interfacing with regulators
  • Support business partners in executing periodic risk and controls self-assessment
Skills & Qualifications
  • Motivated self-starter that thrives in a high-performing environment
  • Excellent attention to detail and eye towards high quality execution
  • Strong writing skills and keen ability to condense complex information into insights
  • Ability to ingest multiple sources of information to draw actionable conclusions
  • Excellent communication skills. Strong influencing skills and ability to liaise with diverse groups of stakeholders
  • Ability to work under pressure and achieve results under tight deadlines and/or strict timelines (e.g., Board reporting) with strong organization and time management skills
  • Excellent Microsoft Office skills (MS Teams, PowerPoint, Excel, Word)
  • Experience with Broadridge/Dataphile preferred
  • Coding skills preferred (VBA, Unix, SQL, Python, JavaScript, C++)
  • Database development / management, reporting automation skills preferred
  • Financial modeling and stress testing skills preferred
  • Degree with preferred field of study in Mathematics, Economics, Business, Engineering, Computer Science, etc.
  • Demonstrate knowledge in Statistics (e.g., Probability theory, Bayesian statistics, Combinatorics)
  • Experience in Financial Services and/or Wealth Management preferred
  • Experience in Risk Management, Trading, Compliance, & Control Functions preferred
  • CA/CPA, CFA, FRM, PRM, and/or designations would be considered an asset
Education
  • Degree with preferred field of study in Mathematics, Economics, Business, Engineering, Computer Science, etc.
  • CA/CPA, CFA, FRM, PRM, and/or designations would be considered an asset