Manager Risk

Job Summary

The Manager, Risk is responsible for supporting aspects of risk within Olympia, including enterprise risk, operational risk, third-party risk, business continuity, fraud risk, and insurance. Experience in risk management within the financial services industry and a proven track record of implementing effective risk management strategies. Experience and knowledge implementing a GRC system.  Understanding of OSFI regulations and ability to support the implementation of the corporate-wide risk management program.

Duties and Responsibilities

• Uphold the division and Olympia’s reputation and values, while promoting our motto “With Us, It’s Personal” in all interactions with employees, clients, and business associates.
• Develop and implement a comprehensive risk management framework that aligns with the organization's strategic objectives and regulatory requirements.
• Support the Chief Risk Officer in the development of the risk culture within the organization.
• Support the identification, assessment, and prioritization of key risks facing the organization, including enterprise risk, third-party risk, operational risk, and insurance risk.
• Lead the implementation of the selected GRC system for Risk.
• Conduct and facilitate annual enterprise risk management program.
• Key contact for the Business to provide real-time guidance on risk and risk related issues including fraud, insurance and operational risk management.
• Conduct regular risk assessments and stress tests to identify potential vulnerabilities and develop appropriate risk mitigation strategies.
• Monitor key risk indicators and performance metrics to track the effectiveness of risk management efforts and identify emerging risks.
• Collaborate with internal stakeholders, including senior management and business units, to develop and implement risk management policies, procedures, and controls.
• Provide guidance and support to business units on risk management best practices and regulatory requirements.
• Prepare regular risk management reports and updates to senior management and the board of directors. (Backup to Chief Risk Officer in updates to Executive and Board of Directors).
• Stay informed about changes in regulatory requirements, industry trends, and emerging risks that may impact the organization.
• Mentor and develop members of the risk management team, fostering a culture of excellence and continuous improvement.
• Flexible to perform various assigned tasks as requested by management and executives.

Competencies

• Connection - We build long-term relationships by collaborating with our clients and industry participants.
• Accountability - We are a trusted business partner operating with transparency and integrity.
• Innovation - We leverage technology to continuously improve how we serve our customers.
• Communication - Communicates well, delivers presentations, has good listening skills
• Decision Making - Able to reach decisions, takes thoughtful approach when considering options, seeks input from others, makes difficult decisions.
• Initiative - Takes action, seeks new opportunities, strives to see projects to completion
• Interpersonal Skills - Builds strong relationships, is flexible/adaptable, works well with others, solicits feedback.
• Quality of Work - Attention to detail, maintains documents in appropriate areas and proactively correcting errors, and bringing issues found in the system forward.

Formal education and experience

• Bachelor's degree in finance, economics, business administration, or a related field.
• Advanced degree (e.g., MBA, CFA, FRM) is an asset.
• Professional certifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), or CFA (Chartered Financial Analyst) is an asset.
• 5+ years of experience in risk management within the financial services industry.
• Understanding of financial markets, products, and regulatory requirements.

Specialized skills or knowledge

• Focus on credit risk, market risk, operational risk, and compliance risk preferred.
• Excellent analytical skills, with the ability to analyze complex data sets and identify key trends and insights.
• Strong communication and interpersonal skills, with the ability to effectively collaborate with internal stakeholders at all levels of the organization.
• Successful completion of a Criminal Background check is required.

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