Operational Risk Analyst
Vancouver, Canada, Canada
4d ago

Responsibilities include but are not limited to :

  • Assist VP, Operational Risk with the management and execution of second line of defense testing, assessment, and monitoring of the enterprise-wide risk management regime, including but not limited to Bank Act legislation, OSFI Guidelines, Parent Bank management requirements with respect to operational risk management, etc.
  • Supervise, manage and implement the Bank's ORM Framework in accordance with OSFI Guideline E-21, ensuring the ongoing compliance with all the applicable laws, regulatory requirements and guidelines.
  • Draft, review and implement the Bank's ORM related policies, procedures and systems and ensure these are current and relative to the Bank's operation activities.
  • Ensure an effective ORM related communication program, including promoting understanding of new and amended ORM related issues and provide training and awareness for Bank staff.
  • Review, analyze and provide advice with respect to new products, services, delivery channels and / or process changes ensuring the applicable laws, regulations and guidelines regarding ORM have been identified and adhered to.
  • Develop and implement a risk assessment process for evaluating the inherent operational risks in the Bank's activities.
  • Monitor the ORM related control activities in all relevant business areas in the Bank, ensuring appropriate controls are in place to implement policies, procedures and ORM Framework.
  • Develop and implement processes and procedures related to conducting independent compliance and internal control reviews, testing and business units' self-assessments.
  • Monitor and prepare reporting on any non-compliance issues to Senior Management, and if applicable to various committees and stakeholders.
  • Provide guidance, coaching to the business units in remediation efforts of any deficiencies identified and ensure the rectification is conducted within reasonable timeframe.
  • Coordinate the investigation, processing, and defense of ORM breaches and / or any other negative ORM related incident or events.
  • Assist with the development and drafting of reporting to Senior Management, Board and Parent Bank with respect to operational risk management matters, issues and concerns
  • Act as the subject matter expert on all areas of compliance and privacy to the Bank.
  • Build and maintain a strong, constructive and collaborative relationship between ORM Team, all business partners and business units and stakeholders.
  • Participate in professional training and sessions held by industry and professional associations and forums.
  • Skills and Experience :

  • Minimum Undergraduate degree(s) in business administration, finance, economics, commerce, or a related field;
  • Minimum of 3 years of analytical and business investigative experience in business operation, management or any related banking experience within the Canadian financial services sector or the Bank.
  • ICCO position held previously is considered a value added factor;
  • Good year-end BOCC performance review(s) and good knowledge of the Bank's core banking system and its sub systems;
  • Sound understanding of regulatory and industry trends and issues with respect to enterprise risk management, focuses;
  • Excellent research, communication and organizational skills;
  • Outgoing and self-motivated with a strong and detailed oriented and focused approach;
  • Ability and comfort in dealing with all levels of staff within the Bank, as well as with superiors and auditors;
  • Strong time management skills and ability to meet deadlines for multiple projects at the same time;
  • Strong public speaking and presentation skills, and accuracy and attention to detail;
  • Well-developed oversight and the organizational awareness skills;
  • Ability to deal with conflicting points of view and to effect creative and responsive solutions;
  • Fluency in both English and Mandarin;
  • Good working knowledge of IT applications (e.g. Word, Excel, Access, Outlook, etc.).
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