Senior Risk Analyst

Financial Services Regulatory Authority (FSRA)•Toronto, ON

1d•CA$86,379 - CA$127,288•Onsite

About The Position

At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we’re passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry. Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs. At FSRA, we invest in the personal and professional growth of our team. We offer a competitive compensation package that includes an employer-matched defined benefit pension plan, and a comprehensive and competitive benefits plan. We prioritize learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving. Join FSRA and help us shape the future of regulation for generations to come!

Requirements

Degree in finance, business, accounting or related field combined with a C.A, CPA or CFA designation
3 – 5 years’ experience in risk analysis and assessment within a financial or business environment
Knowledge of risk analysis and assessment methodologies and techniques.
Demonstrated knowledge of business process methods and techniques and expertise in leading business process reviews and change management initiatives through to implementation.
Risk, financial and business analysis skills to analyze complex financial institutions.
Familiarity with Regulatory rating models such as CAMEL, CAMELSC or alternatives.
Working knowledge of legislation and ability to interpret and apply legislation and regulations in a regulatory environment.
Oral communication and interpersonal skills to provide risk analysis expertise, customer services and lead/ support change initiatives with multiple stakeholders .
Written communication skills to prepare comprehensive risk analysis and assessment reports as well as change management projects.

Responsibilities

Conducts comprehensive risk analysis of business intelligence, market data, financial and other regulatory information requested from / submitted by credit unions, to assess each institution’s overall performance in such risk areas as: credit, market, structural, liquidity, operational and strategic.
Maintains risk assessment profiles for each institution based on detailed analysis of prescribed factors and identifies the impact of emerging risks as trends as well as providing an action plan for further monitoring and follow up.
Supports the preparation and analysis of sector and peer related information and data trends – including published data on the FSRA website
Develops and maintains business relationships across the Credit Union and Prudential Function (in conjunction with Relationship Managers and Examiners) to provide risk analysis expertise, collaboration and services in support of decision making and other initiatives.
Ensures institution risk profiles and related documentation remain current and accurate to support decision making regarding insurance premium amounts and regulatory actions.
Provides analytical support and recommendations to inform decision-making regarding regulatory requests and approvals (e.g, request for new subsidiary, capital issuance, significant investments, new business etc).
Prepares qualitative and quantitative reports to support decision making activities (e.g. policy changes, Guidance Notes, Industry Advisories etc) including regular and ad hoc sector trend analysis.
Leads assigned Risk Assessment business process review initiatives from concept through to change management implementation and post implementation reviews aimed at developing and/or improving the effectiveness of existing data collection, analysis and reporting methods.
Ensures documented processes are in place to effectively execute all required risk assessment activities.