About the Role
As a Senior Business Risk Analyst supporting FCC's client-facing operations and support teams, you will play a key role in strengthening the operational risk and control environment for critical client onboarding and servicing functions. You will act as a trusted risk partner to the business, helping to identify, assess, monitor, and mitigate operational risks while supporting the effective execution of FCC's risk management programs.
Responsibilities
- Partner with client facing operations & support teams to identify, assess, monitor, and mitigate operational risks.
- Support the execution and ongoing operation of FCC's risk management programs, including risk assessments, issue management, risk event management, action plan tracking, and risk reporting.
- Conduct root cause analyses on operational risk events, identify contributing factors, and work with business partners to develop sustainable mitigation strategies.
- Monitor remediation activities and provide effective challenge to ensure issues are resolved in a timely manner.
- Support the development and monitoring of key risk indicators (KRIs) and operational risk metrics.
- Support business and technology change initiatives impacting client-facing operations.
- Conduct change risk assessments to identify operational risks associated with new products, regulatory changes, process enhancements, and system implementations.
- Ensure appropriate controls, governance, and risk mitigation measures are incorporated into change initiatives.
- Collaborate with Operations, Technology, Compliance, and business stakeholders throughout project lifecycles.
- Lead investigations into operational risk events and near misses.
- Analyze trends and recurring issues to identify emerging risks and opportunities to strengthen controls.
- Conduct targeted risk reviews and deep-dive assessments of high-risk processes and critical business activities.
- Prepare clear and concise summaries of findings, root causes, and recommended corrective actions for management.
- Promote strong risk awareness and accountability across supported business units.
- Provide risk management guidance, education, and training to business stakeholders.
- Build strong partnerships with business leaders while maintaining effective independent challenge.
- Act as a trusted advisor on operational risk matters.
Requirements
- 3+ years of experience in risk management required, ideally within the securities or banking industry.
- University degree required, preferably in Business, Finance, Economics, Accounting, or a related field.
- Strong analytical and problem-solving skills with the ability to interpret financial and operational information.
- Excellent written and verbal communication skills with the ability to influence stakeholders at various levels.
- Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.
- Proficiency with Microsoft Office applications, particularly Excel and PowerPoint.
- Knowledge of CIRO, securities regulations, and Canadian financial industry practices.
- Knowledge of capital markets products, securities lending, treasury operations, liquidity management, collateral management, and settlement processes.
- Experience working in a clearing broker, custodian, or wealth management environment, preferably supporting operations and associated risk controls.
- Experience conducting change risk assessments and supporting business transformation initiatives.
- Professional designations such as CFA or FRM are considered an asset.
- Experience with risk reporting tools, dashboards, or data analytics solutions.
Skills
- Risk Management
- Operational Risk
- Control Environment
- Client Onboarding
- Client Servicing
- Risk Assessment
- Risk Mitigation
- Risk Management Programs
- Root Cause Analysis
- Remediation Tracking
- Business Process Enhancement
- Risk Exposure Reduction
- Risk and Control Self-Assessments (RCSAs)
- Operational Risk Reviews
- Control Testing
- Change Risk Assessments
- Risk Governance
- Risk Reporting
- Issue Management
- Continuous Improvement
- Analytical Thinking
- Stakeholder Management
- Influencing Skills
- Risk-Aware Culture
- Change Management
- Project Management
- Microsoft Office Suite
- Excel
- PowerPoint
- CIRO
- Securities Regulations
- Canadian Financial Industry Practices
- Capital Markets Products
- Securities Lending
- Treasury Operations
- Liquidity Management
- Collateral Management
- Settlement Processes
- Clearing Broker Operations
- Custodian Operations
- Wealth Management Operations
- Risk Reporting Tools
- Dashboards
- Data Analytics Solutions
Location
- 483 Bay Street in Toronto
- 3 Robert Speck Parkway in Mississauga
Work Type
- Hybrid
- Contract
- Secondment
Experience Level
- Senior
- 3+ years of experience in risk management
Education Level
- University degree
- CFA
- FRM
Salary/Compensations
- $46.00 to $65.00 per hour
Benefits
- Flexible, hourly compensation model
- Market-aligned rates
- Compensation package aligns with provincial pay transparency requirements
About the Company
- Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market.
- We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.
- At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years.
- We offer individuals and institutions a range of trusted investment portfolios and services.
- As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.
- Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day.
- You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and expertly.
Equal Opportunity
- Fidelity Canada is an equal opportunity employer.
- Fidelity Canada is committed to fostering a diverse and inclusive workplace.
- We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.
- Fidelity Canada welcomes and encourages applications from people with disabilities.
- Accommodations are available on request for candidates taking part in the selection process.
