Senior Analyst, Enterprise Risk Management
City : Montreal - 1190 av. des Canadiens-de-Montreal
Category : Full time
Industry : Technology & Financial Services
Employer : TMX Group
Venture outside the ordinary - TMX Careers
The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.
Ready to be part of the action?Now Hiring: Senior Analyst, Enterprise Risk Management
Global Enterprise Services (GES) is accountable for the operation of Canada's two systemically important clearing houses (CDS and CDCC) and, as a shared service organization for TMX, it also provides services that support TMX businesses in meeting their objectives. In this regard, GES provides the Firm's Technology, Information Security, Enterprise Risk Management, Integrated Operations, Project Management, Vendor management and Innovation services.
This second-line role is responsible for supporting the implementation of the Enterprise Risk Management ("ERM") Program and Operational Resilience program for both CDS and CDCC ("TMX Post-Trade"). Reporting to the Enterprise Risk Manager, the incumbent facilitates the identification, assessment, monitoring, and reporting of all significant Operational Risks through interaction with lines of business, process owners, and the Senior Leadership Team.
The ERM - Senior Risk Analyst (SRA) will contribute to the enhancement of Operational Resilience of CDS and CDCC, independently monitor that regulatory requirements relating to Operational Resilience are met, and provide independent oversight of the design and operating efficiency of operational risk controls in the first line of defense (1LOD). This will involve liaising widely throughout the business with other teams, producing monthly/quarterly dashboards, independently monitoring operational risk exposures against Risk Appetite and Impact Tolerance, and monitoring the status of remediation plans to address vulnerabilities and lessons learned from execution of the Operational Resilience scenario analysis and the enabling programs.
Your Key Accountabilities and Challenges:
Complete the ERM Governance Team’s requirements for the Non-Financial Risk Program for TMX Post-Trade;
Support day-to-day oversight of TMX Post-Trade’s Risk Profile against Risk Appetite and Tolerance;
Support the preparation of the Senior Leadership Team, Risk Management Committee, and Board reporting;
Participate in various internal governance committee meetings and meetings with Senior Management and Regulators to provide updates on risk profile;
Supervise and report on TMX Post-Trade’s compliance with internal policy requirements, including Operational Resilience, TPRM, Information Security, ERM, ORM, BRM and Default Management;
Oversee execution of and monitoring of KRIs across TMX Post-Trade;
Lead the execution of the Incident Management Program, ensuring that risk events are adequately identified, analyzed, and reported to the regulators;
Monitor and analyze external risk events and threats for lessons learned that can be applied to TMX Post-Trade;
Independently support and lead all aspects of business execution of the quarterly Risk and Control Self-Assessment (RCSA) exercise and maintain the corporate risk register up-to-date;
Oversee first line development and maintenance of Key Business Processes (KBPs) and propose risk mitigation measurements across KBPs;
Support the operationalization of the Non Default Loss (NDL) methodology;
Coordinate and be responsible for business execution and maintenance of business continuity management documentation including Business Impact Analysis (BIA) and Business Continuity Plans (BCPs);
Provide mentorship and oversight to the business units on the development of and execution of DR tests (internal, industry-wide) and BCP tests;
Oversee first line execution of the Information Security Policy;
Independently analyze outputs from the first line execution of the Information Risk Management Policy to identify potential systemic risks and trends;
Oversee first line execution of third-party risk assessments.
Oversee first line monitoring of third-party risk and performance
Oversee business development of default scenarios, response plans, recovery and wind-down plans and impacts on operational risk
Support the aggregation and analysis of operational risk data to identify potential systemic risks and trends;
Identify and monitor emerging operational risks;
Deliver training to business units on key ERM/ORM procedures/policies
Promote and reinforce a positive risk culture through training, communication, and effective oversight and guidance of first line implementation of risk requirements;
Act as an ambassador for the Risk Function when gathering data and working with peers and external partners.
Skills and Experience:
Bachelor’s degree in Finance or related field;
Experience in the delivery of ERM/ORM projects;
Minimum of 3-5 years of experience in Risk Management or Middle/Back Office service;
Experience and working knowledge of Risk Management concepts such as Operational Resilience, Risk Appetite, Internal Controls, Business Continuity Management, Crisis Management, Third Party Risk Management, Cyber Security, and other related operational resilience concepts;
Good understanding of financial institutions, infrastructures, and markets;
Experience working in a matrixed environment, and coordination of work across a large number of partners;
Excellent verbal, written, and interpersonal communication skills, more specifically:
Very good capability to communicate on a regular basis with the stakeholders;
Able to competently act as a data recorder/scribe during risk assessment working sessions, draw up executive reports, and prepare a high-end presentation
Good analytical skills; Attention to detail;
Self-confidence, positive attitude, pragmatism;
Ability to reflect and summarize;
Sense of priorities;
Continuously demonstrate a passion to learn more about the TMX businesses and the Exchange sector and learn as much as possible from business unit staff
Certifications in operational risk and/or business continuity management
Knowledge of Google for Work
Bilingual (French and English)
Experience within a Management Consulting firm
Job Grade: 5
In the market for…
Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.
Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.
Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.
Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.
TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.