Risk Analyst - Responsible for the development and implementation of effective controls to mitigate risks. 98855-1

Position Title: Risk Analyst

Duration: 6 months.

Remote/Hybrid: Hybrid

In-office every Tuesday and every second Friday of the month.

Office Location: 81 Bay 24th Floor

Job Description:

The Bank's Personal Lending & Insurance acts as The Bank's manufacturer of mortgage, lending, and insurance products. Using a multi-brand/multi-channel strategy, PL&I is responsible for the development, distribution, servicing and profitability of various mortgage brands and distribution channels as well as The Bank Secured and Unsecured Lending, Insurance products.

Reporting to the Director, Control Management, the Group Product Manager, Control Management will support the development and deliverance of ongoing control management improvements designed to broaden and dramatically improve secured and unsecured lending product control management.

• Act as subject matter expert in the development and execution of controls and processes ensuring that operational processes are compliant with all key regulations.

• Analyze and assess complex problems/solutions; make decisions on behalf of RESL and Unsecured management as required to support initiatives and ensure adequate oversight and controls are in place to meet regulatory requirements.

• Maintain strong relationships with business controls, risk, operations and channel partners as well as other Lines of Business through a common set of strategies that support the banks strategic business objectives and our customer and regulatory needs.

• Review and assess options and proposals regarding developments/enhancements for programs, products or services and make recommendations to the Director/Senior Director regarding control and oversight impact, operating effectiveness to meet regulatory requirements.

• Provide strategic and tactical support to various technology/application development groups, business management, and other enterprise teams to ensure designs, approaches and solutions are aligned with our standards and guidelines

• Work with our Business Controls and Second Line of Defense partners to identify, manage and test key processes to ensure controls are designed and operating effectively.

• Manage the day-to-day product oversight to ensure we are always aligned with policies, procedures and our key controls are effective. Ensuring that we are consistently compliant with all required client disclosure.

• Leverage strong planning, analytical and communication skills to deliver high quality deliverables within tight timelines.

• Support other RESL/Unsecured product initiatives as capacity permits

Must Have Requirement:

Minimum 1 year of audit experience.

Minimum 1 year of control testing experience.

Strong understanding and ability to interpret process flows, ability to document processes.

Governance and risk management experience.

Microsoft Office expertise.

Nice to Have:

Prior banking experience.