Senior Business Risk Analyst/Senior Operational Risk Analyst

You will be working on a predefined hybrid schedule as part of Fidelity's dynamic working arrangement.

Current work authorization for Canada is required for all openings.

Who We Are

At Fidelity, we've been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we're constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you'll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You'll have a wide range of opportunities to grow and develop your career in an inclusive environment where you'll feel valued and supported to be your best - both personally and professionally.

What You'll Do

The Senior Operational/Business Risk Analyst will take the lead in supporting the designated business unit executive leader in the execution of operational risk management program requirements, and proactively identify opportunities and propose solutions to enhance risk management practices, and advocate and drive a risk aware culture for the assigned business unit. The Operational/Business Risk Analyst will report to the Manager, Risk Management and will support the designated senior executive on the status of risk program requirements and escalation of issues/findings.

If you are looking for a dynamic opportunity to make an impact, this role is for you!

How You'll Make an Impact

Risk Program Implementation and Maintenance

• Supports assigned business units on a day-to-day basis to identify, monitor and evaluate risk. Independently provides guidance and oversees the completion of risk program requirements.
• Ability to identify potential areas which can benefit from a deep-dive risk assessment.
• Lead and independently challenge risk events/issues to understand root cause, impact and remediation plans/actions.
• Drive Business Units' compliance with EUC and Model risk assessment frameworks to ensure policy adherence.
• Drive the development of the business units risk profile, risk appetite and metrics.
• Develop and monitor processes to ensure completion of action plans and risk acceptance decisions.

Risk and Control Self Assessments (RCSAs)

• Supports and provides guidance to ensure all business units have formalized and robust RCSAs. This includes assessing control environment and assisting business units to identify gaps and ensuring appropriate mitigation.
• Plan RCSA scope coverage, assists business units in the completion of RCSA and provides thorough review and effective challenge.
• Perform process walkthroughs with business unit and document key risks and controls using best practices.
• Utilize internal systems to accurately capture RCSA results and associated action plans.

Control Testing

• Independently executes and coordinates control testing activities for the assigned business units. This includes assessing control design and operating effectiveness.
• Oversee control testing scope coverage and executes testing for the assigned business units within the given timeframe.
• Work with stakeholders to proactively identify opportunities to make control testing more effective.
• Lead process walkthroughs with business unit, conducts independent control testing and documents the control environment and testing result.
• Identify opportunities for improvement and remediation by discussing findings with business.

Deep Dive Risk Assessment

• Conducts deep-dive risk assessments for high-risk areas and critical functions.
• Proactively identify potential areas which can benefit from a deep-dive risk assessment by working closely with business and conducting thorough analysis.
• Executes deep dive risk assessments scope coverage.
• Identify opportunities for improvement and remediation by discussing findings with business, and recommend appropriate solutions.

Reporting

• Consolidates risk information, summarizes issues, analyzes trends and provides regular reporting to senior management and 2nd line risk.
• Develop program-based reporting to provide status update, issues, KPIs, and action plans for the respective business area and continuously enhance reporting for the assigned business units.
• Report risk program results and findings to senior management using digitalization and visualization.
• Provide policy and program adherence updates to 2nd line risk.

Risk Culture and Training

• Consolidates risk information, summarizes issues, analyzes trends and provides regular reporting to senior management and 2nd line risk.
• Develop materials to provide customized training for assigned business units to improve understanding of risk management program requirements and enhance risk culture.
• Promote strong risk management practices and principles across the business unit.
• Provide training and oversee risk event escalation and investigation requirements.

What We're Looking For

• 3+ years of relevant risk/operational risk experience.
• Experience in financial services industry.
• Experience in gathering, documenting and analyzing business processes.
• Proficiency in data analytics techniques and relevant data analysis experience.
• Completion of a University degree or equivalent work experience.

What You'll Bring

• Strong analytical, critical thinking, and proactive problem management skills.
• Excellent communication skills (oral and written) to communicate clearly at all levels.
• Ability to take initiative, work independently and handle multiple tasks.
• Ability to build strong relationships and influence senior stakeholders.
• Strong interpersonal skills to build effective relationships.
• Excellent time management skills with the ability to work under tight deadlines.
• Team player who works constructively with others to achieve team goals.

Fidelity Benefits and Perks!

• 100% remote and hybrid work arrangements.
• Competitive total compensation package.
• Opportunity to participate in Fidelity profit-sharing program.
• Company contributes into your RRSP, without a matching requirement from you.
• Health benefits and coverage, with no requirement for employee paid premiums, including up to $5000 for therapy.
• Health Care Spending Account.
• TELUS Health Virtual Care app.
• Health and Fitness Reimbursement.
• Up to $650 for home office equipment.
• Generous time off policy.
• 2 paid days annually to volunteer.
• Access to over 11,000 training and development courses.
• Tuition reimbursement.
• Monetary awards for completing a required designation.
• Annual dues reimbursement for professional designations.
• Pregnancy/Parental/Adoption Leave - Fidelity will top-up to 100% of your salary for a period of 25.