Job Description:PURPOSE OF POSITIONAccountable for conducting detailed risk analyses, assessments and reporting on an assigned portfolio of financial institutions and for leading change in departmental processes and systems in support of overall regulatory risk management and Risk Assessment strategies.
KEY RESPONSIBILITIES- Conducts comprehensive risk analysis of business intelligence, market data, financial and other regulatory information requested from / submitted by credit unions, to assess each institution's overall performance in such risk areas as: credit, market, structural, liquidity, operational and strategic.
- Maintains risk assessment profiles for each institution based on detailed analysis of prescribed factors and identifies the impact of emerging risks as trends as well as providing an action plan for further monitoring and follow up.
- Supports the preparation and analysis of sector and peer related information and data trends - including published data on the FSRA website
- Develops and maintains business relationships across the Credit Union and Prudential Function (in conjunction with Relationship Managers and Examiners) to provide risk analysis expertise, collaboration and services in support of decision making and other initiatives.
- Ensures institution risk profiles and related documentation remain current and accurate to support decision making regarding insurance premium amounts and regulatory actions.
- Provides analytical support and recommendations to inform decision-making regarding regulatory requests and approvals (e.g, request for new subsidiary, capital issuance, significant investments, new business etc).
- Prepares qualitative and quantitative reports to support decision making activities (e.g. policy changes, Guidance Notes, Industry Advisories etc) including regular and ad hoc sector trend analysis.
- Leads assigned Risk Assessment business process review initiatives from concept through to change management implementation and post implementation reviews aimed at developing and/or improving the effectiveness of existing data collection, analysis and reporting methods.
- Ensures documented processes are in place to effectively execute all required risk assessment activities.
QUALIFICATIONSEducation and Experience - Degree in finance, business, accounting or related field combined with a C.A, CPA or CFA designation
- 3 - 5 years' experience in risk analysis and assessment within a financial or business environment
- Knowledge of risk analysis and assessment methodologies and techniques.
- Demonstrated knowledge of business process methods and techniques and expertise in leading business process reviews and change management initiatives through to implementation.
Knowledge and Skills - Risk, financial and business analysis skills to analyze complex financial institutions.
- Familiarity with Regulatory rating models such as CAMEL, CAMELSC or alternatives.
- Working knowledge of legislation and ability to interpret and apply legislation and regulations in a regulatory environment.
- Oral communication and interpersonal skills to provide risk analysis expertise, customer services and lead/ support change initiatives with multiple stakeholders .
- Written communication skills to prepare comprehensive risk analysis and assessment reports as well as change management projects.
Please note that this position will close at 12AM on the closing date Compensation Grade:Grade 06-AMAPCEO
Compensation Range:$86,379.00
$127,288.00
Bargaining Unit:AMAPCEO
Job Code:Job Code: 6A001F
Employment Type:Regular
Scheduled Weekly Hours:36.25
