General Accountability

Reporting to the Manager, Audit, Risk & Compliance, the incumbent will facilitate the implementation of an enterprise risk management (ERM) function at the TTC including providing guidance on and applying the TTC’s ERM Framework to ensure key enterprise risks are identified, assessed, evaluated, monitored and reported on a regular basis. The department’s reporting of enterprise risks and audit and advisory projects are subject to public reporting and help drive continual improvement in the TTC’s governance, risk management and internal control systems. 

The incumbent will stay current with professional and transit industry trends by meeting ongoing continuing professional development and training requirements; and contributes to improving departmental processes.
 

Key Job Functions

• Provides ongoing input and support for the implementation and continuous improvement of the TTC’s ERM Framework in accordance with industry best practices and enterprise risk management standards (i.e., 2017 COSO ERM Framework, ISO 31000) and facilitates the periodic reporting of ERM activities to the Audit Risk Management Committee (ARMC);
• Applies risk expertise and uses formal risk assessment methodologies to support the identification, assessment and prioritization of key enterprise risks and to provide guidance to Risk Owners and their staff as to which enterprise risks are most significant and their relevance to business objectives;
• Supports Risk Owners in understanding the TTC’s ERM Framework and their accountability for managing enterprise risks and presenting the status of their applicable enterprise risk(s) to the ARMC/Board as required;
• Supports Risk Owners and their staff to execute their responsibility for applying individual risk management frameworks sufficiently and appropriately by collaborating to evaluate exposures, risk event causes, controls, and risk mitigation options appropriate to a public sector environment; 
• Researches transit industry trends related to the TTC’s enterprise risks, keeps abreast of enterprise risk management standards to ensure ARC’s work is aligned with the TTC’s ERM Framework and maintains expertise in the use of risk analytic tools (e.g., Bowtie analysis).
• Supports the Manager, ARC in designing tools/dashboards and delivering training/guidance to facilitate Risk Owners and their staff to complete risk summaries, risk reporting to the ARMC/Board and other deliverables as requested.
• Responsible for treating passengers and employees with respect and dignity and ensuring the needs of passengers or employees with disabilities are accommodated and/or addressed (within their area of responsibility) in accordance with the Ontario Human Rights Code and Related Orders so that they can fully benefit from the TTC as a service-provider and an employer.
   

Skills

Education and Experience

• Completion of a Bachelor and/or Master degree in a relevant discipline (e.g. Risk Management, Accounting/Auditing, Business, Engineering, Mathematics/Statistics, Data Management/Sciences), OR a combination of relevant education, training and experience deemed to be equivalent;
• Several years of related work experience in the field of enterprise risk management, auditing, project management and/or data analysis, with exposure to various types of business processes, governance, risk management and control processes
• Experience supporting the implementation of risk management frameworks and facilitating risk assessments by providing support to multidisciplinary teams, including identifying areas for risk reduction and options such as risk avoidance, transfer, mitigation and acceptance; 
• Experience in the identification, analysis, evaluation, treatment, monitoring and reporting of risks to senior Leadership and governing parties;
• Experience applying a variety of risk assessment methodologies (e.g., Bowtie, HIRA and/or Fault-Tree) and related risk management practices, including analysis of risk models and use of analytic tools;
• Experience with Microsoft Office products and other visualization, business intelligence and database tools (e.g. SQL);
• Professional designation/certifications such as Canadian Risk Management (CRM) or Certified Internal Auditor (CIA) or Project Management Professional (PMP) or Certified Data Analyst (CDA) or Certified Fraud Examiner (CFE) or Certified Public Accountant (CPA) or Certified Information Systems Auditor (CISA) or Professional Engineer (P. Eng.) or Certified Data Analyst (CDA) etc. is an asset.
• Experience in a transit agency, government agency or large public accounting firm is an asset.

Additional Requirements

• Excellent research, critical thinking and problem solving skills with the ability to apply conceptual frameworks to new and unique situations;
• Working knowledge of the application of data analytics to support risk assessments and reporting
• Strong written and verbal communication skills to provide written reports and presentations that accurately and clearly summarize issues and present solutions in an understandable and logical manner;
• Knowledge of industry best practices related to enterprise risk management and thorough knowledge of the 2017 COSO ERM Framework and ISO 31000.
• Knowledge and understanding of risk factors in a large public sector environment and associated with large, complex strategies, projects and operations;
• Familiarity with risk mitigation, risk response strategies and end-to-end operational assessments that involve identifying compliance gaps, dependencies, redundancies and process remediation or simplification.
• Ability to work within budgeted timelines and manage multiple priorities;
• Strong interpersonal and conflict resolution skills, including the ability and confidence to persuade others and effectively communicate the value of ARC’s services; and
• Must have or rapidly acquire a comprehensive knowledge of the Ontario Human Rights Code and Related Orders including disability accommodation and accessibility requirements pertaining to passengers and employees.