Risk Management Specialist

Equitable • Waterloo, ON

1d • CA$60,000 - CA$91,000 • Hybrid

About The Position

At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact, for our clients, our communities, and each other. The Opportunity: At Equitable, we believe great things happen when we work together. We’re a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If you’re passionate about making a difference and growing your career in an inclusive and collaborative environment, we’d love to hear from you. Our culture is built on care, passion and curiosity. We put people above all else, strive to be our best and welcome new ideas to deliver positive outcomes. The Risk Management Specialist assists the Director, Risk Management and Chief Risk Officer in the oversight of all risk exposures (operational, financial, business/emerging/strategic) across all lines of business, including corporate functions. Join one of the Waterloo Area’s Top Employers for 2025 and Southwestern Ontario’s Top Employers for 2024 and be part of something that matters.

Requirements

• Degree, diploma, or equivalent combination of education and experience in finance, risk management, or related analytical field.
• Minimum 3-5 years experience in the financial services industry, preferably in risk management, compliance, or related field.
• Knowledge of operational risk management practices would be an asset.
• Advanced knowledge of Excel, Power BI, or other spreadsheet / data management software.
• Strong knowledge of other Microsoft 365 applications (e.g. Word, PowerPoint, Teams, SharePoint).
• Ability to develop reliable, accurate and meaningful reports and data visualizations for senior leaders.
• Strong analytical and problem-solving skills, including ability to perform ad hoc data analysis.
• Demonstrated initiative in proactively identifying areas of improvement and acting on those opportunities.
• Excellent verbal and written communication skills.
• Strong organizational skills with ability to manage competing priorities.
• Experience collaborating and coordinating across cross-functional teams.

Nice To Haves

• Knowledge of operational risk management practices would be an asset.

Responsibilities

• Developing and maintaining risk assessment and risk metric reporting processes that facilitate the detection and analysis of trends
• Identifying opportunities for improving risk assessment and monitoring processes
• Collaborating with staff across the Company to ensure risk management frameworks continue to be effective as the Company continues to grow and evolve
• Complete risk reports for presentation by the Chief Risk Officer to the Senior Risk and Capital Committee and the Risk Committee of the Board
• Research, develop and maintain risk metrics and key risk indicators for operational risk exposures, including data collection and management processes that facilitate the detection and analysis of trends
• Develop and maintain processes for risk event monitoring and reporting, including a data management framework that facilitates the detection and analysis of trends
• Complete annual risk quantifications for operational risks, updating assumptions and scenarios in response to emerging trends, company growth, and changes in the company’s business model
• Collaborate with risk management colleagues and other staff to maintain procedures and tools to support risk management frameworks
• Act as a subject matter expert, providing direction to staff on risk management processes and procedures
• Manage and lead initiatives to develop procedures and tools to support new risk management policies and guidelines that may be introduced to address emerging company needs and regulatory expectations
• Prepare and maintain process and user documentation for risk monitoring and reporting tools and processes
• Manage and ensure successful implementation of risk monitoring and reporting improvements, including engaging with lines of business, corporate functions, and other oversight functions as required
• Act as project manager for risk management initiatives that require coordination across multiple lines of business or corporate functions. Includes scheduling, progress tracking and reporting, and issue tracking/escalation.

Benefits

• Career Growth: Regular learning sessions and development opportunities
• Total Rewards: Incentive pay, annual salary reviews, employer-paid benefits and pension matching
• Time Away: Competitive vacation plus one paid volunteer day each year
• Flexibility: Healthy work-life balance with employee wellness always top of mind, complemented by a “dress for your day” approach
• discretionary annual incentive award tied to business performance
• a wide range of competitive benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree