Senior Risk Analyst

Company: Tandia Financial a Division of Alterna Savings

Location: 3455 North Service Rd, Burlington, ON L7N 3G2

Job Type: Full Time

Target Salary Range: $75,000 - $90,000

The compensation for this position is determined by a combination of skills, experience and is aligned to the market in which the job is posted. Your recruiter will provide additional details about our total rewards package during the hiring process.

Vacancy Status: This job posting is for an existing vacancy 

Senior Risk Analyst

POSITION OVERVIEW

Reporting to the VP, Risk & Compliance, the Senior Risk Analyst will provide support for the retail, small business commercial and enterprise risk management programs.

The role is responsible for ensuring the efficiency and effectiveness of Tandia’s enterprise risk management framework. The role is also responsible for ensuring that the approved lending applications in Commercial Services, Small Business and Retail meet acceptable risk requirements and are in accordance with Tandia’s lending policies, regulatory and legislative requirements and risk appetites.

The Senior Risk Analyst will report on performance findings in Credit and Enterprise risk, identify trends, and provide recommendations for best practices. They will also work closely with other departments to support identification of deterioration/risks in the portfolios and in the development of action plans to mitigate and manage risks.

KEY RESPONSIBILITIES

As second line of defence, this position oversees the organization’s Enterprise Risk Management program with all the supporting frameworks through:

Credit Risk

1. Responsible for the oversight of credit risk of Retail, Small Business and Commercial Lending


2. Provides an effective challenge role as the second line of defence within Tandia for credit risk management.


3. Reviews credit governance and risk oversight, including communication and monitors portfolio performance.


4. Develops guidelines to evaluate disbursed loans and mortgages in the achievement of Retail, Small Business and Commercial lending quality objectives through a Credit Assessment process.


5. Reviews policy-setting and associated authorization limits.


6. Works with risk owners to support development of key monitoring and reporting metrics to identify trends, key performance indicators, and risk indicators for Retail, Small Business, and Commercial lending.


7. Maintains current market knowledge and trends within the lending and mortgage


8. Monitors performance and lending trends, loan quality assessment, and loan loss provisions.

Enterprise Risk Management

1. Supports in the execution of the Enterprise Risk Management program.


2. Provides effective challenge to the first line as the second line of defence within Tandia through the ERM program


3. Support execution of Enterprise Risk Management (“ERM”) programs across Tandia including Risk and Control Self-Assessments, Change Management Risk Assessments, Operational Risk Events Key Risk Indicator development, Issues and Actions Management and Third Party Risk Management.


4. Support enterprise risk management leadership across Tandia.


5. Maintain an enterprise risk management reporting framework for Tandia that enables robust analysis and highlights key risk areas, themes, areas of concern and focus for monitoring.


6. Responsible for tracking, monitoring and reporting of risk management issues, and related action plans for Tandia.


7. Engage with business units to identify risks across key businesses.


8. Assesses the adequacy of the internal control environment and work with business units to improve controls and risk management frameworks as appropriate.


9. Key contributor to ERM reporting for Senior Management, the Board and its Committees


10. Tracks, monitors and validates remediation of issues identified through the risk assessment and testing programs

QUALIFICATIONS & REQUIREMENTS

EDUCATION & EXPERIENCE

• A Bachelor’s degree in Accounting, Finance or Business Administration


• Minimum of 3-5 years of Credit Risk Management experience


• Minimum 3-5 years performing Risk Management, Operational Risk, or Enterprise Risk Management.


• Experience working in financial services is considered an asset

Knowledge

• Demonstrated working knowledge and solid analytical skills in the areas of retail, small business and commercial analysis, balance sheets, cash flow mechanics, and business plans


• Knowledge of Microsoft Office products, specifically Excel


• Strong understanding of regulatory environment and requirements

Skills

• Excellent communication, presentation and interpersonal skills


• Decision-making ability and experience in data analysis


• Ability to analyze and evaluate information and report data accurately


• Effective planning and organizational skills, with the ability to adhere to strict deadlines

Other Requirements

Due to deadline and time constraints, the hours of work may extend beyond the normal work week. There can be numerous and varied responsibilities, which require constant prioritizing to ensure that all duties are completed efficiently, accurately and on a timely basis. It is a requirement of this position to be able to perform well under pressure while working towards meeting established objectives within the set timeframes.