49153 - Senior Risk Consultant to conduct Risk Analysis on regulatory risk and understand risk appetite for a Financial Client

Duration:  1 year (possible extension)
Location:  Hybrid (Toronto - Scarborough as required)
Job ID:  

Our Financial Client is in need of a Senior Risk Consultant to conduct Risk Analysis on regulatory risk and understand risk appetite for a Financial Client 

Must Have:

• 5+ years as a Risk Consultant conducting Risk Analysis 
  • Compliance, Understanding Risk Appetite 
• 5+ years experience with Stakeholder Management 

Nice to Haves:

• Previous Financial institution experience 

Key Responsibilities

• Act as liaison for Engineering & Platforms by facilitating process, reviewing packages, providing recommendations, obtaining pre-approvals, concurrences and VP approvals.
• Help ensure processes are in place to identify risks and/or gaps that need to be mitigated.
• Identify gaps in policies and procedures and participate in the formulation of new policies and procedures to meet changes to industry rules and regulations.
• Communicate changes to and seek clarification on behalf of Development and Engineering teams.
• Support remediation oversight of compliance issues, i.e. advise Managers when compliance issues arise, monitor and report on the resolution and closure of action plans.
• Support major issues remediation.
• Help address compliance-related training needs.
• Continuously build knowledge in the areas of technology risk, controls and indicators.
• Is accountable for managing and executing pre-audit preparedness activities and preparing internal team communications, managing and triaging the flow of audit pull lists to the subject matter experts, as well as tracking, monitoring and managing all submissions to Corporate Audit.
• Assists in the implementation, maintenance and administration of a specific compliance program. Coordinates and performs risk assessment, monitoring and testing activities to ensure program remains current and aligned with Compliance Program.
• Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met. Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them. Identifies risks and implements appropriate actions to mitigate them.
• Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements.
• Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.