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About the Role

The Senior Risk Analyst plays a key role in supporting the execution, oversight, implementation, and continuous enhancement of the Enterprise Risk Management program across Alterna Savings and Alterna Bank. The role contributes to ERM program delivery, risk reporting to Senior Management, the Board and its Committees, and the maintenance of related risk frameworks, policies, procedures, and practices. The Senior Risk Analyst independently prioritizes multiple assignments and works collaboratively with the ERM team and business partners, demonstrating sound judgment and professionalism in support of organizational objectives.

Responsibilities

Supports the execution of the Enterprise Risk Management program.
Supports the updating and maintenance of ERM frameworks, policies, procedures, and practices through industry and regulatory research.
Oversees and provides organizational support, input and system training to participants, including Risk and Control Self-Assessments (RCSAs), Third Party Risk Assessments (TPRAs), Incident Management, and Model Risk Management.
Maintains a strong understanding of Alterna’s business model and structure.
Builds strong relationships and trust while providing risk guidance, advisory support, and effective challenge to business partners.
Acts as a subject-matter expert for Enterprise Risk Management.
Participates in the creation of required ERM reporting.
Monitors and highlights notable changes in Risk Management KPIs and KRIs.
Provides effective challenge as the second line of defence through Alterna’s ERM program.
Supports the assessment and monitoring of risks and exposures against the Board-approved Risk Appetite Framework and policies.
Performs assessments of the adequacy of the internal control environment and works with business units to improve controls and risk management frameworks.
Key contributor for the Risk Management testing programs.
Supports the preparation of control-testing reports and works with business unit control owners to develop appropriate action plans for identified issues.
Tracks, monitors, and validates the remediation of issues identified through control-testing and risk-assessment programs.
Contributes to Risk Management Department projects and initiatives.

Requirements

University bachelor’s degree in a related field (such as finance or audit).
Minimum of 5 years of experience in Risk Management and/or Internal Audit in the financial industry.
Proficient with MS Office applications (Word, Excel, PowerPoint).

Skills

Good knowledge of financial management principles, practices and techniques related to finance and risk management in general, and banking operations and trends in particular.
Ability to understand risk management theories and approaches.
Strong analytical and creative skills to support the evolution of the ERM program.

Work Type

Full-Time

Experience Level

Minimum of 5 years of experience

Education Level

University bachelor’s degree

Salary/Compensations

80,000 - 90,000

About the Company

Alterna Savings and Credit Union Limited (Alterna) has delivered The Good in Banking® for over 115 years creating financial services that transform lives for the better, all while giving back to our community. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.
Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 210,000 members through a network comprised of 40 branches across Ontario, a call centre and multiple digital channels. Members and customers also benefit from an industry-leading online brokerage and investment management services.
We are incredibly proud of our corporate culture, embodying our core values: Collaboration, Integrity, and Respect, where everyone works together towards a common goal; the financial wellbeing of our employees, members, and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for nine consecutive years.

Equal Opportunity

We appreciate all applicants; however, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.
Alterna is compliant with the Ontarians with Disabilities Act and our team strives to provide an accessible accommodation experience. If you have a disability and require accommodations during the recruitment process, please contact our Recruitment Team and let us know how we can accommodate you.
Alterna does not currently use Artificial Intelligence (AI) to screen, assess, or select applicants.