Manager, Risk Management Jobs

Who We Are

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.

Our Values, Our Passion

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

We Are Customer-Focused, Passionate Advocates.

We Have the Courage to Act and Do the Right Thing.

We Are One Team, with One Vision.

We Think Long-Term, We Are Ever-Evolving.

We Strive to Be Exceptional and Inspire Greatness.

Position Summary

Reporting to the Director, IT, Data and Third-Party Risk Management, the Manager, Risk Management will assess risk throughout the Bank, focusing primarily on third party risks. That individual will partner with the first line of defense in identifying, reporting, and mitigating third party risk issues and provide subject matter expertise in third party risk practices. That person will also assist the Director, Technology Risk in overseeing the completion of third party risk assessments and controls testing, incident management and other duties as assigned. It also includes ensuring compliance with regulatory requirements and guidance. As a second line of defence role, it will provide independent challenge to the first line.

Major Elements of the Role

• Make and recommend policy, procedure and control enhancements as required to address emerging risks and regulatory changes
• Testing of key controls identified from the RCSA, and remediation on any identified gap;
• Risks and controls identification (RCSA) for core technology processes;
• Be the subject matter expertise (SME) on execution of third party risk challenge activities, including the assessments and associated remediation plans completed by the 1st Line
• Management and Board reporting as required
• Participate in audit and regulatory risk discussions, and Operations Committees as needed
• Contribute to the drafting and management of policies and procedures and analytics
• Oversee new initiatives and vendors risk assessments
• Articulate and escalate risks promptly to drive the right discussions with the risk owners (including the senior leadership team) to address any significant risks
• Provide guidance on enterprise-level policies and standards that reflect the Bank Board approved risk appetite, risk tolerances and risk limits
• Liaise with regulators and law enforcement as required
• Assess and monitor the Bank’s risks and exposures against the Board-approved Risk Appetite Framework
• Key Risk Indicators and metrics and monitoring on KRI results and mitigation action(s)
• Technology risk related scenario analysis;
• Support the enterprise ORM Framework by providing challenge on the following activities, including but not limited to:
• Promote risk awareness throughout the Bank of third party risks, and ensure that appropriate training is provided to Bank staff

Skills and Experience Required:

• Proficient with MS Office applications (Word, Excel, PowerPoint)
• Exposure to Bank Act and OSFI Guidelines (B-10 and B-13)
• 7+ years of experience in Compliance, Risk Management and/or Internal Audit in the financial industry
• Prior experience in control testing and reporting
• Post secondary education

Attributes:

• Strong attention to detail and accuracy
• Effective organizational, project and time management skills with the ability to prioritize, support and anticipate the needs of the department and deliver on concurrent projects with competing priorities
• A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team.
• Well-developed analytical, problem solving and research skills
• Polished verbal and written communication skills, including experience in preparing and presenting reports to various levels of management

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people making all the difference; our tireless commitment to inclusivity, professional development, and employee engagement/experience has been recognized through awards including the Waterstone Canada's Most Admired Corporate Cultures 2022, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities

We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development, as well as providing employees unlimited access to LinkedIn Learning.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program also recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with the opportunity to take a paid day off each year to support their favourite local charity.

The Perks

HomeEquity Bank offers a competitive total rewards package that includes the following:

• Extended health and dental benefits
• Employee corporate discount for GoodLife Fitness
• Employee Share Investment Plan
• Employer Matched Group Retirement Savings Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee & Family Assistance Program

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

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