Senior Analyst, Third Party Risk

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The Senior Analyst Third Party Risk Management provides support in the development of operational risk standards, tools, processes, and systems, and in the execution of oversight and reporting of operational risk management practices across the organization.

• The primary focus of this role is to support second line of defense third party risk management activities within the Operational Risk Management department. 

• Contribute to the third party onboarding due diligence assessments, compile results, and draft reports
• Support the maintenance and management of the third party risk supporting systems, tools, dashboards, teams communication sites and shared mailboxes
• Assist in data quality reviews to ensure the accuracy, reliability and completeness of data and apply best practices for data capture and maintenance
• Responsible for tracking action plans based on outcomes of due diligence, calibration activities, monitoring, incidents, and transition provisions and reporting status
• Maintain third party risk management internal standards, including timely resolution of internal and external issues and engagement with key stakeholders.
• Engage with and assist Directors and Managers on the Operational Risk Management team on third party and operational risk strategic projects, risk activities and undertaking development activities, as required.
• Work with business units and departments to assist with their overall third party risk management obligations.
• Support the creation and implementation of third party risk reporting including maintaining monthly/quarterly/ad-hoc risk reporting on key risk indicators, and operational risk levels and developing analytics.
• Contribute to the development, administration and maintenance of the Bank’s third party risk management system, ensuring risk data populated is timely, accurate and consistently applied.

• Research and provide in depth analysis and guidance on third party and operational risk industry standards and best practices.
• Create and maintain third party and operational risk management guidelines, manuals and tools.

• Assist in the awareness, understanding, communication and training of third party and operational risk procedures.

• Support regularly scheduled and ad-hoc third party risk reporting and analytics to Support Senior Management reporting

• Completion of a post-secondary education program in the business field, complemented with enrollment in a relevant professional designation program.
• 3+ years of relevant risk management experience in operational risk and controls, preferably gained through working in front office, risk management, consulting role in financial industry, Audit, Compliance or Operational risk management.
• Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.
• Proficient written and verbal communication skills including the ability to facilitate meetings and draw insights.
• Good organizational, project and time management to efficiently deliver concurrent projects with competing priorities.
• Experienced in building reports and managing data quality in order to meet regulatory/legal requirements of Financial Institutions.
• Developing knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.
• Data analytical skills including proficiencies in Power BI, Excel and / or data reporting tools

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺  Medical, dental, vision, life, and disability benefits

📝  Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days 

🖥  Virtual events to connect with your fellow colleagues

🎓  Annual professional development allowance and a comprehensive Career Development program

💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!