Reporting to both the Manager, Risk Management and the designated business unit Senior Executive, the Business Risk Analyst will support and assist the assigned business unit 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 role will require regular communication with the designated senior executive on the status of risk program requirements and escalation of issues/findings.
How You’ll Make an Impact
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
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
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
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
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
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
What We’re Looking For
Completion of a University degree or equivalent work experience
3+ years of relevant risk experience
Experience in gathering, documenting and analyzing business processes is an asset
Proficiency in data analytics techniques and relevant data analysis experience is an asset
Experience in financial services is an asset
What You Will Bring
Strong analytical, critical thinking, and proactive problem management skills.
Excellent communication skills (oral and written) to communicate clearly at all levels.
Ability to take initiative, work independently and handle multiple tasks.
Ability to build strong relationships and influence senior stakeholders.
Strong interpersonal skills to build effective relationships
Excellent time management skills with the ability to work under tight deadlines.
Team player who works constructively with others to achieve team goals
|Industry||Accounting / Finance / Audit Jobs|
|Occupational Category||Business Risk Analyst|
|Job Type||Full Time|
|Career Level||Experienced Professional|
|Posted at||2023-09-15 5:21 pm|