Enterprise Risk Manager

VersaBank • London, ON

2d • Onsite

About The Position

VersaBank is seeking an Enterprise Risk Manager to join its Enterprise Risk Management team. This full-time, in-office role, based in London, Ontario, is responsible for identifying, assessing, and mitigating risks across the Bank’s financial and operational risk landscape. Reporting to the Chief Risk Officer (CRO), this position is crucial for strengthening the second line of defense through disciplined risk oversight, sound governance, and proactive stakeholder engagement. The ideal candidate will possess hands-on experience with GRC platforms and emerging risk technologies, including AI-enabled tools, and will utilize this expertise to develop and implement scalable, forward-looking risk management infrastructure. This is a high-impact role for a risk professional who views technology as a key enabler of a modern and effective ERM program.

Requirements

• Bachelor’s degree in finance, Economics, or a related field.
• Minimum 7 years of progressive risk management experience, ideally within an OSFI-regulated financial institution.
• Demonstrated experience with GRC platforms (e.g., Resolver); hands-on implementation or optimization experience strongly preferred.
• Practical exposure to AI tools, automation, or data analytics in a risk management context is a significant asset.
• Working knowledge of third-party risk management, model risk, business continuity, and stress testing frameworks.
• Excellent written and verbal communication skills; able to translate complex risk matters into clear, executive-ready output.
• Strong analytical judgment with the ability to credibly challenge and support risk owners across the organization.
• Self-motivated, intellectually curious, and comfortable operating in a dynamic environment where the role will continue to evolve alongside the Bank’s growth and risk program maturity.

Nice To Haves

• Certification as a Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) is a definite asset.

Responsibilities

• Develop, maintain, and execute the Bank’s ERM frameworks, policies, and procedures in alignment with OSFI guidelines and industry best practices.
• Conduct regular, comprehensive risk assessments across the organization, identifying and analyzing potential risks, vulnerabilities, and emerging exposures as business conditions and the external environment evolve.
• Perform risk reviews of processes, activities, products, and services to ensure alignment with the Bank’s risk appetite and compliance with applicable policies.
• Support the CRO in delivering risk program updates, reports, and presentations to senior leadership, board committees, and regulators.
• Deliver the third-party risk management lifecycle, including due diligence assessments, onboarding reviews, ongoing monitoring, and exit procedures for vendors and service providers.
• Develop and maintain the Bank’s third-party risk inventory, ensuring risk ratings and control assessments reflect current exposure and regulatory expectations, including OSFI B-10.
• Support the model risk management program, including model inventory maintenance, validation oversight, and tracking of model limitations and compensating controls.
• Identify opportunities to strengthen the stress testing program and ensure model risk practices remain fit for purpose as the Bank’s product suite evolves.
• Support the maintenance and ongoing improvement of the Bank’s Business Continuity Plan (BCP) and Recovery Plan, ensuring these documents remain current, tested, and operationally credible.
• Coordinate BCP testing exercises and tabletop scenarios, capturing findings and driving resolution of identified gaps.
• Develop and maintain dynamic dashboards and management reports that translate risk data into clear, actionable insight for senior leadership audiences.
• Lead or support the implementation and ongoing optimization of the Bank’s GRC platform, including configuration, workflow design, and user adoption.
• Leverage AI tools, automation, and analytics capabilities to enhance risk monitoring, KRI tracking, and reporting efficiency across the ERM program.
• Identify and champion opportunities to apply emerging tools and technologies to risk management workflows, helping to build the future state of the ERM program.
• Interface with senior leaders across the Bank on risk issues spanning credit, liquidity, operational, model, and market risk, providing credible challenge and practical guidance.
• Partner with first-line business units to embed risk management principles into day-to-day processes, decision-making, and product development.
• Support the first line in preparing for regulatory reviews, audits, and OSFI examinations.
• Educate internal stakeholders on risk frameworks, GRC tools, and evolving regulatory expectations; promote a risk-aware culture through targeted training and awareness programs.
• Stay current with OSFI guidelines, industry regulations, and emerging risk trends; ensure the Bank’s risk practices remain compliant and forward-looking.

Benefits

• Competitive compensation package, including incentive opportunities and pension supplement program.
• Comprehensive benefits program and fitness program designed to support your well-being.
• Professional development and tuition reimbursement programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior