Business Risk Analyst

Description

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

Reporting to both the Manager, Risk Management and the designated business unit Senior Executive, the Business Risk Analyst will support and assist the assigned business unit 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 role will require regular communication with the designated senior executive on the status of risk program requirements and escalation of issues / findings.

How You’ll Make an Impact

Risk Program Implementation and Maintenance

Supports assigned business units on a day-to-day basis to identify, monitors and evaluates 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 oversees risk event escalation and investigation requirements

What We’re Looking For

3+ years of relevant risk / operational risk experience

Experience in financial services industry (asset)

Experience in gathering, documenting and analyzing business processes (asset)

Proficiency in data analytics techniques and relevant data analysis experience (asset)

Completion of a University degree or equivalent work experience

The Expertise You 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