Senior Manager, Enterprise Risk Management
Superior Recruiting Solutions
Toronto, ON, CA
2d ago

Job Title : Senior Manager, Enterprise Risk Management

Job Summary

Reporting to the CRO, the Senior Manager, Enterprise Risk Management (ERM) is responsible for managing and facilitating the Bank's ERM framework, program and operation to effectively provide risk oversight on the enterprise level, including the following :

  • Oversight of Risk Governance and Risk Appetite
  • Oversight of Enterprise Risk Management programs
  • Management of Capital Adequacy Assessment and Planning Processes
  • Management of Risk Data Aggregation and Risk Reporting
  • Development of a strong ERM team
  • Roles and Responsibilities

    Oversight of Risk Governance and Risk Appetite

  • Collaborate with senior management to maintain and update Risk Appetite Framework (RAF), including establishing the Bank's risk appetite, developing Risk Appetite Statement (RAS) including qualitative risk statements and quantitative risk metrics, limits and targets
  • Monitor risk appetite indicators to ensure that RAF is aligned with the Bank's strategic plan and embedded in day-to-day operations
  • Maintain ERM Framework and related policies and procedures
  • Review adequacy of risk oversight in the management and Board committee mandates
  • Oversight of ERM Programs
  • Participate in strategic planning to ensure that strategic objectives incorporate risk considerations and translated into business plans
  • Collaborate with senior management to perform periodic enterprise level risk assessment
  • Oversee the Bank's ERM programs, methodologies and tools
  • Facilitate risk workshops to deliver training on enterprise risk management practices and partner with department heads to promote risk culture
  • Organize Risk Management Steering Committee meetings
  • Management of Capital Adequacy Planning & Assessment process
  • Perform annual internal capital adequacy assessment program (ICAAP) and report results to the Risk Management Steering Committee and the Board Risk Management Committee.
  • Propose risk limits for capital adequacy
  • Participate in preparing annual capital plan
  • Design and implement stress tests for significant risks
  • Prepare monthly and quarterly reporting of capital adequacy and capital planning
  • Risk Data Aggregation and Risk Reporting
  • Review and perform periodic testing of data quality impacting risk management metrics
  • Develop and enhance risk reporting including reporting on RMD maters to the Risk Management Steering Committee and the Board Risk Management Committee, parent bank, regulator and other key stakeholders
  • Attract, and oversee development and retention of staff, including objective setting, coaching and performance management.
  • Build and maintain effective working relationships with internal and external stakeholders.
  • Monitor industry developments and regulatory changes for emerging risks and changes that may need to be made to Bank risk management processes.
  • Escalate any related issues to the appropriate departments and the CRO.

    Qualifications

  • Bachelor's degree in business, economics, mathematics or related field; master's degree preferred; FRM, CFA, CPA, or CA credential a plus
  • Minimum 10 years' experience in an Enterprise Risk Management role in a federally regulated financial institution
  • Demonstrated capability in the key risk management areas, including risk appetite, enterprise risk management, internal capital adequacy assessment, and risk data aggregation and reporting practices.
  • Experience in incorporating risk consideration into strategic planning process
  • Solid understanding of Canadian regulatory requirements for risk management, COSO ERM framework and internal controls
  • Experience in a retail and / or commercial banking environment
  • Experience attracting, developing and retaining a team
  • Excellent strategic thinking, problem solving and analytical skills
  • Teamwork and collaboration works cooperatively with others to accomplish individual, team and organizational objectives
  • Communication and Presentation ability to synthesize and convey information effectively in written and verbal form, including presenting complex material in a clear and concise manner
  • Comfortable navigating ambiguity and adapting to a changing environment
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