Senior Analyst, Operational Risk Management

Job summary

The Senior Analyst identifies, assesses, and monitors non-financial risks while partnering with business units to evaluate controls and conduct independent testing. They also oversee issue remediation, support business continuity planning, and provide operational risk reporting to senior management.

Job details

Join a Challenger At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you! The Work The Senior Analyst, Operational Risk Management supports the Bank's Operational Risk Management framework by identifying, assessing, monitoring, and reporting non-financial risks. The role partners with business units across the organization to evaluate operational risks and controls, conduct independent control testing, oversee issue remediation activities, and support the Business Continuity Management program. The position helps ensure risks related to people, processes, systems, and external events are appropriately managed and reported while promoting a strong risk management culture across the Bank. \n Core Responsiblities Conduct risk and control assessments with business partners to identify operational risks, evaluate control effectiveness, and assess residual risk exposures. Plan and perform independent testing of key business controls using established methodologies to assess control design and operating effectiveness. Identify control weaknesses and operational risk issues and coordinate remediation efforts with business stakeholders to ensure timely resolution. Monitor and oversee issue management activities, including tracking corrective action plans, validating remediation activities, and escalating concerns when appropriate. Support the Business Continuity Management program by coordinating Business Impact Assessments, maintaining continuity planning documentation, and facilitating periodic reviews with business units. Prepare operational risk reporting, key risk metrics, and management information for committees and senior management stakeholders. Maintain operational risk inventories, including risk, control, and issue information, ensuring records remain accurate and current. Provide guidance to business units regarding operational risk management practices, control design, and risk mitigation strategies. Contribute to the development, maintenance, and enhancement of operational risk management policies, standards, procedures, and supporting documentation. Build and maintain effective working relationships with stakeholders across operational, compliance, risk, technology, and business functions to support risk management objectives. Support broader enterprise risk management programs and initiatives, including areas such as technology risk, cybersecurity risk, and third-party risk management. Let's Talk About You University degree or college diploma in Business, Finance, Risk Management, Accounting, Economics, Commerce, or a related discipline required. Professional certifications such as CRISC, CIA, CBCP, CISA, CRM, or equivalent are considered an asset. 5-7 years of total professional experience within risk management, operational risk, internal audit, compliance, business continuity, controls assessment, or a related field. Resolver, Archer or other GRC system is considered an asset. Strong analytical and problem-solving capabilities with the ability to interpret qualitative and quantitative information. Ability to evaluate risks, identify root causes, and develop practical recommendations. Strong organizational and project management skills with the ability to manage multiple priorities and deadlines. Strong written and verbal communication skills. Ability to prepare concise and meaningful reporting for business and risk stakeholders. Collaborative relationship-building skills and ability to influence stakeholders without direct authority. Demonstrates sound judgment, attention to detail, initiative, and accountability. Communication skills required: Moderately complex communication involving facilitation of meetings, presentation of assessment results, preparation of reports, provision of advisory guidance, and interaction with stakeholders across multiple business areas. \n 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 🎓 Professional development and 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 EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON. Equity, Diversity & Inclusion EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally. We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond. As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role. EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. To learn more, visit eqb.investorroom.com and eqbank.ca.

What you’ll do

The Senior Analyst identifies, assesses, and monitors non-financial risks while partnering with business units to evaluate controls and conduct independent testing. They also oversee issue remediation, support business continuity planning, and provide operational risk reporting to senior management.

Requirements

Candidates must have a university degree or college diploma in a relevant discipline and 5-7 years of professional experience in risk management, audit, or compliance. Proficiency in risk assessment methodologies and strong analytical, communication, and stakeholder management skills are required.

Benefits

• Competitive discretionary bonus • Market leading RRSP match program • Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability benefits • Employee Share Purchase Plan • Maternity/Parental top-up • Generous vacation policy • Personal days • Professional development

Listed skills

• Problem solving · Preferred
• Compliance · Preferred
• Reporting · Preferred
• Communication Skills · Preferred
• Project management · Preferred
• Relationship Building · Preferred
• Stakeholder Management · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Operational risk management
• Risk assessment
• Control testing
• Issue remediation
• Business continuity management
• Reporting
• Analytical skills
• Problem-solving
• Project management
• Communication skills
• Relationship building
• Stakeholder management
• Compliance
• Technology risk
• Cybersecurity risk
• Third-party risk management
• Report Writing
• Risk Exposure Management
• Certified Information System Auditor (CISA)
• Influencing Skills
• Business Continuity Management Operations
• Issue Management
• Accountability
• Internal Controls Testing And Monitoring
• Third Party Risk Management
• Compliance Risk
• Independent Testing
• Enterprise Risk Management (ERM)
• Risk Mitigation
• Cyber Risk
• Planning
• Accounting
• Artificial Intelligence
• Banking
• Customer Relationship Management
• Business Continuity
• Business Continuity Planning
• Corporate Finance
• Management Information Systems
• Management
• Certified Business Continuity Professional
• Certified Internal Auditor
• Communication
• Risk Control
• Certified In Risk And Information Systems Control
• Economics
• Financial Services
• Governance Risk Management And Compliance
• Internal Auditing
• Problem Solving

Job areas

• Finance & Accounting
• Management & Leadership
• Consulting
• Security & Safety
• Operational Risk Manager
• Operational Risk Analyst
• Management and Organization Analysts
• Financial Risk Specialists