Senior Risk Analyst at Financial Services Regulatory Authority (FSRA) | CA | Rezi

Senior Risk Analyst at Financial Services Regulatory Authority (FSRA)

Senior Risk Analyst

Financial Services Regulatory Authority (FSRA) · CA

3 days ago

Senior Risk Analyst

Financial Services Regulatory Authority (FSRA) · CA

3 days ago
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About the Role

FSRA is a financial services regulator committed to ensuring financial safety, fairness, and choice for Ontarians. This role involves conducting detailed risk analyses, assessments, and reporting on a portfolio of financial institutions, and leading change in departmental processes and systems to support regulatory risk management strategies.

Responsibilities

  • Conduct comprehensive risk analysis of business intelligence, market data, financial and other regulatory information to assess institution performance in areas like credit, market, structural, liquidity, operational, and strategic risk.
  • Maintain risk assessment profiles based on detailed analysis, identify emerging risks, and provide action plans for monitoring.
  • Support the preparation and analysis of sector and peer related information and data trends.
  • Support the development and maintenance of data collection and reporting in collaboration with IT and Macro Surveillance Analytics (MSA) team.
  • Develop and maintain business relationships to provide risk analysis expertise and support decision-making.
  • Ensure institution risk profiles and documentation are current and accurate to support supervisory actions.
  • Support the administration of the deposit insurance process, reviewing Differential Premium Score Determination (DPSD) documentation, DPS scores, and insurance premium amounts.
  • Provide analytical support and recommendations for regulatory requests and approvals.
  • Prepare qualitative and quantitative reports for supervisory reviews, continuous monitoring, assessments, and decision-making activities.
  • Develop, produce, and support standardized internal tools, reports, and reporting templates.
  • Support internal and external ad hoc data requests and quantitative reporting.
  • Support the development of risk assessment, monitoring, and stress testing tools and methodologies.
  • Support risk assessment and monitoring business process review initiatives from concept through to change management implementation and post-implementation reviews.
  • Ensure documented processes are in place to effectively execute all required risk assessment activities.

Requirements

  • Degree in finance, business, accounting, or related field combined with a C.A, CPA or CFA designation.
  • 3 – 5 years’ experience in risk analysis and assessment within a financial or business environment.
  • Knowledge of risk analysis and assessment methodologies and techniques.
  • Demonstrated knowledge of business process methods and techniques.
  • Expertise in leading business process reviews and change management initiatives through to implementation.
  • Familiarity with regulatory risk-based supervisory framework.
  • Working knowledge of legislation and ability to interpret and apply legislation and regulations in a regulatory environment.

Skills

  • High level skills in using data analytics and visualization technologies and tools (e.g. Python, MS Excel, MS SQL, MS Access, PowerBI).
  • Certification on Microsoft Power BI Data Analyst Exam PL-300 is an asset.
  • Strong analytical and data management skills.
  • Ability to collect, organize, analyze, and disseminate significant amount of information.
  • Knowledge of data architecture, databases, and data modeling is an asset.
  • Risk, financial and business analysis skills to analyze complex financial institutions.
  • Written communication skills to prepare comprehensive risk analysis and assessment reports as well as change management projects.
  • Oral communication and interpersonal skills to provide risk analysis expertise, customer services and lead/ support change initiatives with multiple stakeholders.

Location

  • Onsite

Work Type

  • Full-time

Experience Level

  • 3-5 years

Education Level

  • Degree in finance, business, accounting, or related field
  • C.A, CPA or CFA designation

Salary/Compensations

  • $73,422.00 - $110,132.00

Benefits

  • Employer-matched defined benefit pension plan
  • Comprehensive and competitive benefits plan
  • Prioritizes learning and development
  • Prioritizes wellbeing
  • Prioritizes diversity, equity, inclusion and belonging
  • Prioritizes community giving

About the Company

  • FSRA's vision is to ensure financial safety, fairness, and choice for Ontarians.
  • As a financial services regulator, FSRA is passionate about protecting consumers.
  • FSRA's principles-based approach allows for quick and effective response to the changing needs of consumers and the industry.
  • The team combines industry expertise with commitment to public service.
  • FSRA attracts individuals interested in meaningful work who measure success through outcomes, not inputs.
  • FSRA invests in the personal and professional growth of its team.

Equal Opportunity

  • FSRA is committed to ensuring equity in employment.
  • The goal is to create a diverse, inclusive workforce that reflects the communities served.
  • Ensures services and communications are accessible to all individuals.
  • Accommodation is available under the Ontario Human Rights Code.