As part of CCG’s second line of defense, the position of Operational Risk Management Analyst will be accountable for supporting the development and maintenance of CCG’s Operational Risk Management program including comprehensive processes for identifying, assessing, measuring, monitoring, reporting, and where appropriate, reducing pertinent operational risks at CCG.
This role will have a specific focus on CAA Insurance and Echelon Insurance (as subsidiaries owned by CCG).
This role will report to Manager, Operational Risk Management and plays a key role in establishing and maintaining a control environment through collaboration with Internal Audit services to help the organization achieve its business objectives and its mandate to Members and Insureds.
What You Will Do
Understand CCG’s environment and organizational needs to help the business identify, assess and monitor operational risk.
Assist in the development and implementation of ORM infrastructure ensuring compliance with regulatory requirements (i.
e. OSFI guidelines) including the championing of skills required to support ORM objectives.
Develop and maintain partnership with select business functions as well as operational areas at all leadership levels.
Understand the business objectives and plans in order to consistently align ORM plans with the business strategy.
Provide support in the development of the ORM framework, taxonomy, policies, methodologies, standards & tools based on OSFI’s requirements.
Ensure communication of these tools to the business to enable adoption.
Ensure that operational risk requirements are implemented and monitored on a timely and comprehensive basis ensuring compliance with OSFI E-21 Operational Risk Management guidelines.
Assist in performing operational risk identification and assessments (including operational risk and control workshops) and ensure that there is an effective monitoring methodology and escalation process in place.
Support the development of operational key risk indicators (KRIs), developing operational risk event reporting, setting quantitative and qualitative risk threshold limits and conducting scenario analysis, trends spotting and KRI benchmarking.
Provide support in enabling effective management of operational risk at the front-line level by training and coaching business partners on operational risk management best practices such as developing policies and guidelines.
Ensure that operational risk management processes are aligned and integrated with ERM processes.
Who You Are
Bachelors or equivalent degree in Business Administration or related studies
Minimum 3 years of relevant industry experience
Industry accreditation (CSC, CIP, FCIP, CRM) would be an asset
Experience in facilitating projects / programs that involved cross-functional stakeholders.
Prior knowledge / experience in executing a risk-based or controls-based program or framework
Prior experience with ORM regulatory requirements including OSFI’s Guideline for Operational Risk Management OR knowledge of the Insurance and / or Financial Services industry and regulatory environment
Prior knowledge / experience of Governance, Risk and Compliance and Controls frameworks
Proficiency with Excel, Word, PowerPoint
Flexibility to travel is required between the CCG Thornhill office and the Echelon Mississauga office
What’s In It For You
Annual bonuses and merit increases
3 weeks’ vacation
Flexible benefit plan
Defined Contribution Pension
Complimentary CAA Membership
Get ready to drive your career forward. Life at CAA Club Group is fast paced, performance-driven and rewarding. We value our Associates' career growth and ongoing professional development and we regularly recognize their achievements and outstanding results.
We are caring. We are leaders. We are innovators. We are collaborative.
We work hard and play hard. We're about doing what's right and feeling good about it.
We are an equal opportunity employer and are committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA).
CAA CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.