Senior Analyst, Enterprise Risk Management

Venture outside the ordinary - TMX Careers
The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.
United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.
Ready to be part of the action?
Now Hiring: Senior Analyst, Enterprise Risk Management
Global Enterprise Services (GES) is accountable for the operation of Canada's two systemically important clearing houses (CDS and CDCC) and, as a shared service organization for TMX, it also provides services that support TMX businesses in meeting their objectives. In this regard, GES provides the Firm's Technology, Information Security, Enterprise Risk Management, Integrated Operations, Project Management, Vendor management and Innovation services.
This second-line role is responsible for supporting the implementation of the Enterprise Risk Management ("ERM") Program and Operational Resilience program for both CDS and CDCC ("TMX Post-Trade"). Reporting to the Enterprise Risk Manager, the incumbent facilitates the identification, assessment, monitoring, and reporting of all significant Operational Risks through interaction with lines of business, process owners, and the Senior Leadership Team.
The ERM - Senior Risk Analyst (SRA) will contribute to the enhancement of Operational Resilience of CDS and CDCC, independently monitor that regulatory requirements relating to Operational Resilience are met, and provide independent oversight of the design and operating effectiveness of operational risk controls in the first line of defense (1LOD). This will involve liaising widely throughout the business with other teams, producing monthly/quarterly dashboards, independently monitoring operational risk exposures against Risk Appetite and Impact Tolerance, and monitoring the status of remediation plans to address vulnerabilities and lessons learned from execution of the Operational Resilience scenario analysis and the enabling programs.
Your Key Accountabilities And Challenges

• Lead the execution of the Incident Management Program, ensuring that risk events are adequately identified, analyzed, and reported to the regulators;
• Promote and reinforce a positive risk culture through training, communication, and effective oversight and guidance of first line implementation of risk requirements;
• Oversee execution of and monitoring of KRIs across TMX Post-Trade;
• Oversee first line execution of the Information Security Policy;
• Support the preparation of the Senior Leadership Team, Risk Management Committee, and Board reporting;
• Independently support and lead all aspects of business execution of the quarterly Risk and Control Self-Assessment (RCSA) exercise and maintain the corporate risk register up-to-date;
• Complete the ERM Governance Team’s requirements for the Non-Financial Risk Program for TMX Post-Trade;
• Independently analyze outputs from the first line execution of the Information Risk Management Policy to identify potential systemic risks and trends;
• Oversee first line monitoring of third-party risk and performance
• Participate in various internal governance committee meetings and meetings with Senior Management and Regulators to provide updates on risk profile;
• Support the operationalization of the Non Default Loss (NDL) methodology;
• Oversee business development of default scenarios, response plans, recovery and wind-down plans and impacts on operational risk
• Identify and monitor emerging operational risks;
• Monitor and analyze external risk events and threats for lessons learned that can be applied to TMX Post-Trade;
• Oversee first line execution of third-party risk assessments.
• Deliver training to business units on key ERM/ORM procedures/policies
• Supervise and report on TMX Post-Trade’s compliance with internal policy requirements, including Operational Resilience, TPRM, Information Security, ERM, ORM, BRM and Default Management;
• Support the aggregation and analysis of operational risk data to identify potential systemic risks and trends;
• Support day-to-day oversight of TMX Post-Trade’s Risk Profile against Risk Appetite and Tolerance;
• Coordinate and be responsible for business execution and maintenance of business continuity management documentation including Business Impact Analysis (BIA) and Business Continuity Plans (BCPs);
• Act as an ambassador for the Risk Function when gathering data and working with peers and external partners.
• Provide mentorship and oversight to the business units on the development of and execution of DR tests (internal, industry-wide) and BCP tests;
• Oversee first line development and maintenance of Key Business Processes (KBPs) and propose risk mitigation measurements across KBPs;

Skills And Experience

• Good understanding of financial institutions, infrastructures, and markets;
• Team spirit;
• Experience working in a matrixed environment, and coordination of work across a large number of partners;
• Excellent verbal, written, and interpersonal communication skills, more specifically:
• Ability to reflect and summarize;
• Good analytical skills; Attention to detail;
• Bachelor’s degree in Finance or related field;
• Experience and working knowledge of Risk Management concepts such as Operational Resilience, Risk Appetite, Internal Controls, Business Continuity Management, Crisis Management, Third Party Risk Management, Cyber Security, and other related operational resilience concepts;
• Sense of priorities;
• Very good capability to communicate on a regular basis with the stakeholders;
• Self-confidence, positive attitude, pragmatism;
• Able to competently act as a data recorder/scribe during risk assessment working sessions, draw up executive reports, and prepare a high-end presentation
• Continuously demonstrate a passion to learn more about the TMX businesses and the Exchange sector and learn as much as possible from business unit staff
• Experience in the delivery of ERM/ORM projects;
• Minimum of 3-5 years of experience in Risk Management or Middle/Back Office service;

Assets

• Bilingual (French and English)
• Experience within a Management Consulting firm
• Knowledge of Google for Work
• Certifications in operational risk and/or business continuity management

In the market for…
Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.
Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.
Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.
Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX? Apply now.
This role is required to know a language other than French as TMX is an international organization with operations across the globe and its clients, shareholders, competitors, stakeholders, regulators and employees communicate in English.
Dans le cadre de ce poste, le titulaire est tenu de connaître aussi une autre langue que le français, étant donné que TMX est une société internationale qui mène ses activités à l’échelle mondiale et que ses clients, ses actionnaires, ses concurrents, ses parties prenantes, les autorités qui la réglementent et son personnel communiquent en anglais.
TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.
Le Groupe TMX s’est engagé à créer et à maintenir un milieu de travail empreint de collaboration au sein duquel chacun est traité avec dignité et respect, et qui reflète la diversité de la collectivité où nous exerçons nos activités. Nous mettons en place des mesures d’adaptation pour les candidats et les employés qui en ont besoin.