Practice Leader, Risk Appetite Framework

Desjardins • Montreal, QC

4d • Hybrid

About The Position

As a practice leader for the non-financial risk appetite framework, you’re responsible for defining, overseeing and developing the risk appetite framework in line with the value chain, strategic directions and regulatory requirements. You serve as a reference expert by structuring practices, applying risk tolerance parameters to operations and ensuring alignment between strategic decision-making and the technical and modelling teams. You draw on your ability to provide sound judgment, cross-sector coordination and strategic positioning to senior management on files with a very high degree of operational and conceptual complexity.

Requirements

• Bachelor's degree in risk management, finance, actuarial science, statistics, economics or a related field
• A minimum of eight years of relevant experience at a financial institution
• Experience developing or updating risk appetite frameworks, including the design of indicators
• Experience in operational risk
• Extensive experience in strategic advisory roles with management, management committees or risk committees
• Experience in complex, highly regulated matrix environments requiring extensive cross-sector coordination between technical, analytical and decision-making teams
• Hold a complementary certification in Enterprise Risk Management (ERM or FRM)
• Knowledge of French is required
• Action oriented, Ambiguity, Communicates effectively, Customer Focus, Differences, Interpersonal Savvy, Nimble learning, Strategic mindset

Nice To Haves

• Other combinations of qualifications and relevant experience may be considered

Responsibilities

• Act as an expert on complex issues requiring an overall reading of the appetite for non-financial risks and their strategic, operational and reputational impacts
• Define, apply and update the non-financial risk appetite framework, including guiding principles, thresholds, limits, indicators and monitoring mechanisms
• Interface and translate between technical and operational teams and modelling teams to ensure consistency between risk tolerance, modelling assumptions and business decisions
• Establish and maintain the plan to monitor compliance with the non-financial risk appetite, in line with business objectives and regulatory requirements
• Monitor, analyze and script activities to anticipate emerging non-financial risks and risk appetite framework development needs
• Develop, document and update policies, standards, guidelines and operational practices related to the non-financial risk appetite framework
• Act as a coordinator for non-financial risks for recovery plan exercises, simulation exercises, stress scenarios and any other forward-looking exercise carried out by integrated risk management, by: Ensuring alignment with the risk appetite framework, Ensuring the consistency of assumptions and results, Translating impacts on the risk profile and strategic decisions
• Lead cross-sector squads bringing together different areas of expertise to ensure alignment between the strategic vision, simulation exercises and operational reality
• Represent management before internal committees, including governing bodies made up of senior managers

Benefits

• Competitive salary and annual bonus
• 4 weeks of flexible vacation starting in the first year
• Defined benefit pension plan that provides predictable, stable income throughout retirement
• Group insurance including telemedicine
• Reimbursement of health and wellness expenses and telework equipment

What This Job Offers

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