Manager Business Risk Management

Posted:
9/3/2024, 2:13:41 AM

Location(s):
Old Toronto, Ontario, Canada ⋅ Ontario, Canada

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Business & Strategy

Workplace Type:
Hybrid

Job Description

This is a hybrid role with a mix of remote and in-office working

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 the Director, Risk Management, the Manager, Business Risk Management is responsible for developing and supporting the implementation and management of risk programs at Fidelity Investments Canada (FIC).

The manager will be involved in the continuing evolution of the risk program including the development of new programs and implementation across the organization, providing oversight, and reporting to senior management/various governance committees.

The manager will lead a team of Business Risk Analysts, together with the respective business unit senior executive, to oversee the business units responsibilities in meeting all the risk program requirements, including but not limited to Risk and Control Self-Assessments, Control Testing, Risk Events Management, and Ad-Hoc Risk Reviews.

How You’ll Make an Impact

 Risk Programs and Oversight

  • Develop, implement, and maintain overall responsibility for the effective functioning of risk policies and programs with a goal of ensuring programs exist to identify, assess, measure and report on risk across the organization

  • Ensure programs are continually assessed and updated as appropriate

  • Policies and programs are regularly brought forward to the appropriate oversight body for review and approval

  • Oversee Business Risk Analysts, together with the respective business unit senior executive

Ad-Hoc Risk Assessments

  • Manages framework for risk assessments including the process for identification, documentation, and assessment of risks and controls

  • Train business risk team on program/framework requirements

  • Participates in risk reviews as required and collaborate with the business risk team to ensure proper execution of risk reviews

  • Ensure findings, action plans, and risk acceptance decisions are logged in the appropriate tool

Control Testing

  • Manages the framework for testing of controls and ensure control testing findings are socialized and appropriately tracked to closure.

  • Challenge action plans and risk acceptance decisions

Risk Event Management Framework

  • Manage and enhance risk event management framework

  • Provide oversight on risk event escalation metrics

  • Independently challenge root cause analysis and action plans

Leadership & People Management

  • Engage employees in establishing clear and measurable goals that achieve business results

  • Provide regular coaching and feedback to employees to meet business objectives and enhance individual performance

Risk Training, Consultation and Education

  • Provide transparency, awareness and promote strong risk management practices and principles across the organization through effective communication of polices and programs

  • Develop, maintain, and deliver effective training on risk programs and policies to FIC employees through a variety of mediums including online and face-to-face so that policies are understood, and that employees are equipped to recognize and escalate knowledge of material risks

  • Promote awareness to ensure that business understand their roles and responsibilities on risk management

  • Advocate for a strong risk culture within the business unit and drive change

What We’re Looking For

  • University degree or equivalent work experience

  • 5+ years of relevant experience in Risk Management/Financial Service Industry

  • Excellent interpersonal and relationship management skills

  • Strong knowledge of risk management processes, tools, and techniques for assessing and controlling an organization's exposure to risks

  • Ability to work in a fast-paced environment to defined deadlines and manage multiple concurrent objectives, projects, groups, or activities

  • Knowledge of analytical techniques and tools and the ability to determine the root cause of problems and create alternative solutions that resolve problems in best interest of the business.

  • Able to work on own initiative and develop practical solutions

  • Strong written/verbal communication skill and ability to build rapport with others

  • Knowledge of financial services products, processes, and industry is an asset

  • Strong critical thinking skills with the ability to make sound decisions

  • Works independently and regularly handles non-routine situations

  • Exercises judgment to identify, diagnose, and solve problems

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [email protected].

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity?

We are proud to be recipients of the following:

Awards

•    Canada's Top 100 Employers 
o    Greater Toronto's Top Employers 
o    Canada's Top Family-Friendly Employers 
o    Canada's Top Employers for Young People 
  
•    Great Place To Work® Certified 
o    Best Workplaces for Inclusion 
o    Best Workplaces for Mental Wellness 
o    Best Workplaces for Today's Youth 
o    Best Workplaces for Women 
o    Best Workplaces in Financial Services & Insurance 
o    Best Workplaces in Ontario 
o    Best Workplaces with Most Trusted Executive Teams 

•    LinkedIn Top Companies in Canada
  
•    Human Resource Director (HRD) - Best Place To Work 
o    HRD - 5-Star Benefit Program 
o    HRD - 5-Star Diversity & Inclusion Employer 

Designations
•    Canadian Compassionate Companies – Certified 
•    Benefits Canada's Workplace Benefits Award - Future of Work Strategy 
•    TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting 
•    Canadian HR Reporter's Most Innovative HR Team