Business Risk Analyst



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

  • Risk Program Implementation and Maintenance
  • 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

  • Risk and Control Self Assessments (RCSAs)
  • 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

  • Control Testing
  • 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

  • Deep Dive Risk Assessment
  • 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

  • Reporting
  • 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

  • Risk Culture and Training
  • 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

Organization Fidelity Investments
Industry Accounting / Finance / Audit Jobs
Occupational Category Business Risk Analyst
Job Location Toronto,Canada
Shift Type Morning
Job Type Full Time
Gender No Preference
Career Level Experienced Professional
Experience 3 Years
Posted at 2023-09-15 5:21 pm
Expires on 2023-10-30