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Questrade Financial Group logo

Manager, Operational Risk Management

Hybrid
North York, Ontario
CA$105,000 - CA$120,000/annual
Senior Level
Full-Time

Top Benefits

Health and wellbeing resources
Paid vacation, personal, and sick days
Competitive compensation package

About the role

Questrade Financial Group (QFG), through its companies - Questrade, Inc., Questrade Wealth Management Inc., Community Trust Company, Zolo, and Flexiti Financial Inc., provides securities and foreign currency investment, professionally managed investment portfolios, mortgages, real estate services, financial services and more. Questrade uses cutting-edge technologies to develop innovative products that give customers better, more affordable ways to take control of their money.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

At QFG, we have a culture of innovation where technology serves people—both our team and our customers. We see AI as a collaborative and transformative enabler, and we are seeking forward-thinking individuals who can effectively integrate it into their daily work. The ideal candidate will be a catalyst for change, helping us use AI to create a more efficient and rewarding employee experience while also developing cutting-edge solutions that delight and serve our customers. Join us in shaping a future where AI empowers our team to do their best work and helps us deliver unparalleled customer experiences.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, with a hybrid working environment you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at QFG.

What’s in it for you as an employee of QFG?

  • Health & wellbeing resources and programs
  • Paid vacation, personal, and sick days for work-life balance
  • Competitive compensation and benefits packages
  • Work-life balance in a hybrid environment with at least 3 days in office
  • Career growth and development opportunities
  • Opportunities to contribute to community causes
  • Work with diverse team members in an inclusive and collaborative environment

This job posting is for an existing vacancy. We’re looking for our next Manager, Operational Risk Management. Could It Be You? The Manager, Operational Risk Management (ORM) plays a key role in maturing Questbank’s risk culture. Reporting to the Senior Manager, ORM, you will drive the end-to-end implementation and sustainment of the ORM framework, ensuring all activities align with regulatory requirements and the Questbank’s risk appetite.

As a critical member of the Second Line of Defense (2LoD), you will provide robust oversight, review, and challenge to First Line business units, ensuring operational risks are proactively identified, assessed, and mitigated across the organization.

The Manager, ORM will contribute to fortifying the 2nd Line of Defense to provide effective risk review and challenge of the 1st Line’s management of operational risk.

Need more details? Keep reading… In this role, responsibilities include but are not limited to:

  • Assisting in the advancement of Questbank’s Operational Risk Program through a strategically developed roadmap including the design and operationalization of an ORM framework, policy, standards, processes and tools to support operational resilience.
  • Aligning ORM practices to regulatory requirements including OSFI E-21. Proactively anticipating regulatory changes that need to be reflected in compliance.
  • Collaborating with the business to identify and assess operational risks.
  • Supporting the business in reviewing the effectiveness of controls, mitigation strategies or improvement plans across Questbank.
  • Supporting key stakeholders in the development of risk scenarios that can be executed to minimize future losses to Questbank.
  • Working collaboratively within ORM to identify, monitor and report on operational risk incidents, issues, trends and outcomes to leadership.
  • Researching and sharing knowledge of latest operational risk management and resiliency techniques and practices across the team including the use of proprietary tools and artificial intelligence.
  • Championing the alignment of operational risk management methodologies and practices amongst the other areas of operational risk & resilience including business continuity management, third party risk management, fraud risk management and IT & Cyber risk management.
  • Managing the development of training and testing programs to provide assurance of operational resilience to key risks and threats.
  • Developing strong working relationships across Questbank with a focus on helping identify potential emerging risks, material issues, and risk trends.

So are YOU our next Manager, Operational Risk Management? You are if you…

  • Hold a University degree, preferably in a business, risk management or compliance discipline
  • Have 3+ years of specialized ORM experience and 2+ years of experience in other risk disciplines (e.g. Cyber & IT Risk, Business Continuity, Enterprise Risk)
  • Have industry experience within financial services / fintech
  • Have experience within a second line risk function, preferably Operational Risk
  • Are a creative thinker who has designed, implemented and operationalized custom end to end solutions
  • Are experienced in operational risk management frameworks, tools including risk assessments, operational loss reporting and scenario testing
  • Have strong organizational skills, with the ability to effectively manage competing requirements
  • Have strong project management skills with the ability to effectively manage and prioritize competing demands
  • Are able to adapt to internal and external changes and deploy flexible approaches to reach desired outcomes
  • Are a proactive self-starter with an ability to work autonomously
  • Are a team player that can positively contribute to high performing teams
  • Can synthesize technical information and report in a clear and concise manner
  • Are proficient in the use of Google Workspace products (Docs, Slides, Forms and Sheets)
  • Have working knowledge and experience with relevant areas of risk including IT & Cyber, Business Continuity, Financial, Privacy, and Compliance
  • Have strong working knowledge of FI regulations (OSFI, CIRO, FCAC, etc.)
  • Have a solid understanding of banking, mortgage and investment operations

Additional Kudos If You…

  • Hold a Professional risk designation (e.g., CRM, PRM) or equivalent certification

Compensation Information:

  • Base salary range: $105,000 - $120,000
  • The final compensation package will be commensurate with the successful candidate's experience, skills, and geographic location (Canada). It includes a comprehensive benefits plan and a competitive incentive (bonus) program for Full-Time Permanent roles.

Sounds like you? Click below to apply! At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.

Questrade Financial Group of companies Applicant Tracking System utilizes artificial intelligence (AI) for application screening. The AI system operates on predetermined criteria, with final decisions subject to human review.

Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.

About Questrade Financial Group

Financial Services
1001-5000

Questrade is an award-winning low-cost digital alternative to traditional banks that is changing the Canadian financial services industry. We empower Canadians by giving them better, more affordable ways to take control of their financial future by using cutting-edge technology to develop innovative products. Questrade offers Canadians an easy way to invest in securities and foreign currency and provides online wealth management and mortgage through the Questrade Group of Companies, with more financial products in development.

At Questrade, we care deeply about helping Canadians become much more financially successful and secure. We believe in infinite possibilities, not only for our customers but for those who build careers with us. Our exceptional culture and forward-thinking workplace policies make Questrade a great place to work and build a career. We are a collaborative, diverse team that shares the same sense of infinite opportunity. Our beliefs, values, and atmosphere make you feel part of something bigger than yourself.

Throughout our multiple worldwide offices, we are reshaping the way we work, offering flexible options that allow our people to work remotely, from the office, or a hybrid mix of both.

Whether you want to kick-start your career or accelerate it, Questrade is the place for you. We offer rich learning experiences and exciting career path possibilities. Here you will be challenged. You will make your path, constantly moving forward, bringing the future of fintech into existence.

Come shape your future at Questrade.

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