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Manager, Risk Management

Exchange Bank of Canada
Toronto, ON, Canada
$88.5K-$110.6K a year (estimated)
Full-time

Exchange Bank of Canada (EBC) is a Schedule 1 bank headquartered in Toronto, Canada.Discover the opportunity to join an international, dynamic, and responsible bank that fosters the development of all its employees.

Every day, we empower employees to achieve more. As we are a new bank in Canada, each employee is given a unique experience and great opportunities for a career growth.

As a specialist in wholesale foreign exchange services, EBC provides a wide range of foreign currency exchange and international payment services to financial institutions and corporations tailored to streamline processes and delivered with unparalleled customer service.

To learn more, visit our website at : https : / / www.ebcfx.com / en.Our Value Statement : We help our clients identify and create foreign exchange solutions, delivering a best practices approach through unparalleled customer service and integrated technology to create significant financial and operational efficiencies.

Our Values : Customer First - We earn the right to be our clients’ firstIntegrity - We hold ourselves to the highest standard to build trust.

Collaborative - We always win as a team.Innovative - We find new methods to deliver change and advance technology to the industry.

Passionate - We are driven to be the best in class.Exchange Bank of Canada is seeking a driven professional, with strong attention to detail to join their team as a Manager, Risk Management.

Role Purpose : The main function of the Risk Manager is to provide independent second line challenge and oversight. The candidate will have overall responsibility for the risk and control environment of EBC and CXI.

The candidate will work closely with the Senior Risk Manager and Chief Risk Officer to implement the Risk Management Framework of EBC, and further build the risk culture of EBC and CXI.

Essential Functions : Risk Management of CXI and EBC, as directed by the CRO. The responsibilities and allocation of time will roughly be 50% credit risk & adjudication and 50% operational risk.

The latter includes risks like 3rd party risk, fraud risk, process risk, security and business continuity risk. Implementation and maintenance of the risk management framework, i.

e. embedding the risk culture and risk principles, developing and maintaining policies and procedures, data aggregation and preparation of monthly and ad hoc risk reporting, applying the risk management program, identifying emerging risks, and establishing risk appetite statements.

Act as a liaison between the first line of defence (the Business) and Risk Management; Adjudication of short term credit settlement limits, forward exposure limits with our D&B system and review of financial statements, support credit risk reporting.

Change management and risk assessments are a significant part of the role. Act as a representative in the second line of defense, with the responsibility and authority to challenge the first line regarding self-assessments and the application of risk management practices, and to report independent risk and control assessments to appropriate levels of governance and escalation.

Support audit groups including Internal Audit in planning and completing their audit engagements; Perform other duties as may be required of the position from time to time, as may be periodically requested by the CRO.

Competencies : Action OrientedFunctional SkillsSituational AdaptabilityEffective CommunicationOptimizes Work ProcessesNimble LearningRequired Education and Experience : Bachelors or Masters degree in business, finance, operational management Ability to work with MS office suite Minimum of 3 years of experience in Operations and / or Credit Risk Experience in Risk (Preferred - not mandatory) FRM and / or CFA Certification (Preferred - not mandatory) Knowledge and use of coding (Preferred - not mandatory) Position Type / Expected Hours of WorkThis is a full-time position.

Days of work are Monday through Friday. Occasional and less frequent evening hours and weekend work may be necessary.Benefits : Commuter Reimbursement - EBC will pay the toll, bus or metro cost in and out of workHoliday Pay - Paid day off for 11 designated holidays throughout the yearPaid Vacation Time OffPaid Sick / Personal Time OffHealth / Dental / Vision Basic Life, AD / D, and Short / Long-Term DisabilityRRSP - Company matches up to 5%Please attach your resume for submission.

Exchange Bank of Canada is committed to providing a fair and inclusive interview process for all candidates. We invite and support applications from individuals with disabilities.

Accommodations are readily available upon request to ensure that candidates can fully participate in every stage of the selection process.

23 days ago
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