Business Risk Analyst Sr

Fidelity Canada•Mississauga, ON

3d•CA$99,000 - CA$129,000•Hybrid

About The Position

The Business Risk Analyst Sr will take the lead in supporting the designated business unit executive leader in the execution of operational risk management program requirements and 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!

Requirements

3+ years of relevant risk/operational risk experience required.
Experience in gathering, documenting and analyzing business processes
Proficiency in data analytics techniques and relevant data analysis experience
Strong analytical, critical thinking, and proactive problem management skills.
Completion of a University degree required, or equivalent work experience.

Nice To Haves

Experience with IT/Audit Risk is an asset
Experience in financial services industry is an asset

Responsibilities

Supports assigned business units on a day-to-day basis to identify, monitors and evaluates 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
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, assists business units in the completion of RCSA and provides thorough review and effective challenge
Perform process walkthroughs with business unit and document key risks and controls using best practices
Utilize internal systems to accurately capture RCSA results and associated action plans
Independently executes and coordinates control testing activities for the assigned business units. This includes assessing control design and operating effectiveness.
Oversee control testing scope coverage and executes testing for the assigned business units within the given timeframe
Work with stakeholders to proactively identify opportunities to make control testing more effective
Lead process walkthroughs with business unit, conducts independent control testing and documents the control environment and testing result
Identify opportunities for improvement and remediation by discussing findings with business,
Conducts deep-dive risk assessments for high-risk areas and critical functions.
Proactively identify potential areas which can benefit from a deep-dive risk assessment by working closely with business and conducting thorough analysis
Executes deep dive risk assessments scope coverage
Identify opportunities for improvement and remediation by discussing findings with business, and recommend appropriate solutions
Consolidates risk information, summarizes issues, analyzes trends and provides regular reporting to senior management and 2nd line risk.
Develop program-based reporting to provide status update, issues, KPIs, and action plans for the respective business area and continuously enhance reporting for the assigned business units
Report risk program results and findings to senior management using digitalization and visualization
Provide policy and program adherence updates to 2nd line risk
Consolidates risk information, summarizes issues, analyzes trends and provides regular reporting to senior management and 2nd line risk.
Develop materials to provide customized training for assigned business units to improve understanding of risk management program requirements and enhance risk culture
Promote strong risk management practices and principles across the business unit
Provide training and oversees risk event escalation and investigation requirements

Benefits

Base Salary and Discretionary Performance Bonus: Total annual cash compensation (base salary pus target bonus) ranges from $99,000 to $129,000, based on your experience and qualifications.
RRSP Contribution: After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required.
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 $6000 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