The WorkThe Senior Analyst Third Party Risk Management provides support in the development of operational risk standards, tools, processes, and systems, and in the execution of oversight and reporting of operational risk management practices across the organization.
The Core ResponsibilitiesThe primary focus of this role is to support second line of defense third party risk management activities within the Operational Risk Management department.
Operational Risk Management- Contribute to the third party onboarding due diligence assessments, compile results, and draft reports
- Support the maintenance and management of the third party risk supporting systems, tools, dashboards, teams communication sites and management of shared mailboxes
- Assist in data quality reviews to ensure the accuracy, reliability and completeness of data and apply best practices for data capture and maintenance
- Support the ongoing management of the third-party lifecycle, including monitoring activities and assisting with the ongoing maintenance and updates of Monitoring Plans, Exit Strategies, and Contingency Plans
- Responsible for tracking action plans based on outcomes of due diligence, calibration activities, monitoring, incidents, and transition provisions and reporting statusAssist in the development and preparation of the agenda for third party onsite visits and attend and document minutes for third party governance meetings
- Engage with and assist Directors and Managers on the Operational Risk Management team on third party and operational risk strategic projects, risk activities and undertaking development activities, as required.
- Work with business units and departments to assist with their overall third party risk management obligations.
- Support third party risk reporting including maintaining monthly/quarterly/ad-hoc risk reporting on key risk indicators, and operational risk levels and developing analytics.
- Develop and prepare the agenda for third party onsite visits
- Contribute to the development, administration and maintenance of the Bank's third party risk management system, ensuring risk data populated is timely, accurate and consistently applied.
Risk Governance & Oversight - Assist with maintaining third party and operational risk management guidelines, manuals and tools.
Business Advisory- Assist in the awareness, understanding, communication and training of third party and operational risk procedures.
Risk Reporting- Support regularly scheduled and ad-hoc third party risk reporting and analytics to Support Senior Management reporting.
Let's Talk About You- Completion of a post-secondary education program in the business field, complemented with enrollment in a relevant professional designation program.
- 3+ years of relevant risk management experience in operational risk and controls, preferably gained through working in front office, risk management, consulting role in financial industry, Audit, Compliance or Operational risk management.
- Strong attention to detail. Strong analytical and quantitative skills and problem-solving abilities.
- Proficient written and verbal communication skills including the ability to facilitate meetings and draw insights.
- Good organizational, project and time management to efficiently deliver concurrent projects with competing priorities.
- Developing knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.
- Data analytical skills including proficiencies in Power BI, Excel and data reporting tools
- Familiarity with Microsoft Copilot and AI tools, with the ability to support their use to improve processes and productivity.
What we offer [For full-time permanent roles]Competitive discretionary bonus
Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from EQ Bank's additional office space located at
2200-25 Ontario Street, Toronto, ON.
