Senior Risk Management Analyst

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
The role will provide support in the implementation of HomeEquity Bank’s Enterprise Risk Management Program by assisting in risk and control assessments, development of Key Risk Indicators and in the performance of control testing.
MAJOR ELEMENTS OF THE ROLE

• Perform risk management, fraud, and money laundering investigations and reviews as necessary.
• Prepare reports on the results of control testing and work with business unit control owners to develop appropriate action plans to address any identified issues.
• Support in the execution of the Bank’s Enterprise Risk Management programs.
• Assist with the Bank’s Risk and Control Self-Assessment (RCSA) Program.
• When required, provide general support to the Compliance Department through control testing, log maintenance, new initiative risk assessments, and incident investigations
• Track, monitor and validate remediation of issues identified through the Bank's control testing programs.
• Support the improvement of the Enterprise Risk Management Framework through enhancement of Risk Management, Credit, AML and Privacy policies, procedures and risk reporting.
• Assist in the review and risk assessments for new projects, outsourcers/vendors, initiatives and procedures to ensure continued compliance with the Bank’s Risk Appetite Framework.
• Complete KYC and enhanced due diligence reviews for applications in regard to applicant identification and the overall risk profile of clients and applications.
• Perform Risk Management, Mortgage Lending, Credit, Operations, AML, Privacy and other control effectiveness testing and risk monitoring.
• Contribute to Risk Management Department projects and initiatives, as needed including expansion of the GRC platforms across multiple risk domains and compliance with new risk management regulations
• Assess the adequacy of the internal control environment and work with the business to improve controls, as appropriate.
• Build and maintain Risk Management KPIs/KRIs. This includes working with the Central Data Governance team to collect appropriate data to support the build out of KRI’s and KPI’s.
• Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad hoc Senior Management and regulatory requests.
• Assist with the implementation of Bank policies, procedures and standards.
• Stay up to date with risk management and compliance best practices, risk policy and control procedures.
• Support the CRO in delivering data driven insightful reporting to the Board.

Skills And Experience Required
Qua lifications

• Proficient with MS Office applications (Word, Excel, PowerPoint).
• Knowledge of OSFI Guidelines, AML regulations, privacy regulations, Bank Act and other relevant legislations, regulations and guidelines.
• Prior experience in control testing and/or auditing and reporting.
• Post secondary education with 3 to 5 years of experience in Risk Management and/or Internal Audit in the banking industry, preferably in mortgage lending.

Attributes

• Strong attention to detail and accuracy
• Effective organizational and time management skills with the ability to manage multiple and changing priorities with minimal supervision.
• Excellent verbal and written communication skills, including experience in preparing and presenting reports to various levels of management
• Must be pro-active, self-motivated and a self-starter.
• 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, research and control testing/audit skills.

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 make all the difference, and 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, Globe and Mail’s Report on Business: Canada’s Top Growing Companies 2022 (third year since 2019), Strategy Online Top 10 Brands Awards (at #8) and as a Canadian Mortgage Professional (CMP) 5-Star Mortgage Employer 2022.
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:

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

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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Chip.ca
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