City : Ottawa

Category : Other

Industry : Banking/Financial

Employer : Bank of Canada

Did you know?    

The Financial and Enterprise Risk (FER) department supports an enterprise-wide view of risk management across the Bank of Canada. Reporting to the Chief Risk Officer, the department is responsible for the oversight of our enterprise and financial risks. Within FER, the Enterprise Risk Office (ERO) monitors, reports, and advises on enterprise and operational risks. The Risk Analyst is a key contributor in developing and enhancing all aspects of the Bank’s risk policies, framework, processes, and tools. Through its work, ERO promotes effective high-quality risk-management to ensure that rigorous assessment of risk is fully integrated into decision making to effectively meet Bank mandates, objectives, and operational excellence.   

What you will do    

Reporting to a Director in ERO, you support the Director and Principal Analyst in developing and executing enterprise risk management (ERM) and operational risk management (ORM) policies and procedures for the risk frameworks, including risk appetites on the management of all risks at the Bank. You help address complex issues with many unknowns and risks, and you contribute to the achievement of the annual risk plan and its strategic plan. You will specifically:   

• Provide subject matter expertise for the development and implementation of risk management policies, frameworks, metrics, and tools.   

• Lead risk analysis across a broad range of risks to identify risk causes, impacts and whether mitigating action plans are appropriate.   

• Conduct ongoing monitoring, research, and use of quantitative data analysis for complex risk issues, including emerging risks.  

• Provide timely advice and effective challenge to colleagues as well as stakeholders across the three lines of defence across a broad range of risk issues.   

• Build effective relations with partners across the lines of defence and coaching staff.  

What you need to succeed   

You are analytical, and can understand complex operations, identify key risks, and assess control procedures.  You have knowledge of enterprise and/or operational risk management concepts, principles, and methodologies. You are a self-starter who is flexible, innovative and can work in a fast-paced environment. You have strong communication skills, <and coaching and leadership abilities, which you will leverage in onboarding stakeholders on risk processes. You bring a strategic perspective to the range of issues faced by the business.  

This position requires:   

• Expert knowledge of ERM and/or ORM concepts, principles, policies, appetite, frameworks, models and practices, including the three lines of defense risk governance model and the Risk Self-Assessment process;   

• Advanced analytical skill to use qualitative and quantitative research methods and ability to conduct research using multiple sources of information and data;   

• excellent communication skills and the ability to clearly convey information and ideas to the target audience, using clear and compelling written products and oral presentations/briefings; and  

• the ability to work collaboratively with others within your team and across teams to achieve objectives.  

Nice-to-have    

• Certification or designation in risk management or a relevant field of study (i.e., governance, compliance, audit, business) such as:   

• Certified Enterprise Risk Manager, Canadian Risk Management Designation, Associate in Risk Management Designation, Financial Risk Manager Certification, Certified Risk Specialist   

• Masters Certificate in Risk Management, Business Performance   

• Data visualization experience for impactful dashboard and reports   

Your education and experience   

A Bachelor degree in a relevant field of study with a minimum of six years of relevant work experience in risk-management, or related areas in a private or public sector institution.   

We may also consider an equivalent combination of education and experience.   

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret 
• There will be no relocation assistance provided
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available. 

Remote work / Hybrid Work Model #LI-Remote

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office. For this position, should you not live within reasonable commuting distance of the office, you will be able to work 100% remote (within Canada) for the duration of this term. 

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider. 

• Salaries are based on qualifications and experience and typically range from $88,505 to $110,630 (job grade 17)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at  7 to 10% of your base salary. The Bank offers performance pay for those who exceed expectations (15% of your base salary).. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
• Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service #LI-POS

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.T