Risk Analyst

Job summary

The Risk Analyst supports the development and implementation of fraud and operational risk management programs to safeguard the Credit Union's assets. This role involves investigating suspicious activity, conducting root-cause analysis, and providing risk management support across business units.

Job details

Northern Credit Union is a full-service, locally operated financial institution offering personal and commercial banking services along with financial planning expertise to members across our footprint. Northern is committed to making a difference in members lives by providing them tools to achieve their financial goals. As a key player in the financial services marketplace of Northern Ontario, we are excited to announce that we are currently seeking a Risk Analyst. As a key member of the Operational Risk team, the Risk Analyst supports the development, implementation, and continuous improvement of the Credit Union’s fraud and operational risk management programs. The role helps safeguard the Credit Union’s assets and members by supporting proactive fraud prevention, detection, investigation, recovery, and risk mitigation activities in alignment with established policies, risk appetite, and regulatory standards. The Risk Analyst monitors fraud detection systems, investigates suspicious activity, analyzes complex transaction patterns, and identifies opportunities to enhance fraud rules and scoring models while reducing false positives. The role conducts root-cause analysis, recommends internal control improvements, documents investigative findings, and prepares fraud trend and risk reporting. The Analyst also supports the administration of business resilience, insurance, and other operational risk programs, as well as the planning and execution of quality assurance and risk-based reviews. Working collaboratively across business units and with external partners, the Risk Analyst provides timely risk management support and helps foster a strong risk-aware culture. The role also promotes fraud awareness by educating members and employees on fraud risks, prevention practices, and effective controls, contributing to the protection of members and a positive member experience. Preferred candidates will possess the following qualifications: * Post secondary education in accounting, audit, risk, or business-related discipline * 3-5 years’ relevant experience in financial-services operations, risk, audit, or other related control functions * Strong organizational and communication skills. * Analytical mindset with attention to detail, strong critical thinking and problem-solving ability * An understanding of fraud, internal controls and risk in the financial industry would be considered an asset. Employee Perks & Benefits: We offer a comprehensive total rewards package designed to support our employees’ well-being, growth, and connection to the community, including: * Comprehensive benefits package * Pension plan * Annual variable compensation program tied to individual and company performance * Exclusive staff rates on a variety of products and services * Professional development and learning opportunities * Opportunities to give back through our Do Some Good Employee Volunteer Program * Employee Win/Win Program supporting local charitable organizations Salary Range: $50,800.00 to $63,500.00 Deadline for Applications: September 29, 2026 We thank all applicants - however only those selected for an interview will be contacted. Northern Credit Union is an equal opportunity employer and committed to providing an accessible recruitment process for all candidates. We welcome and encourage applications from people with disabilities. Accommodation is available on request for candidates taking part in all aspects of the selection process. If you require accommodations at any stage of the application or interview process, please contact the Human Resources Department [human.resources@northerncu.com].

What you’ll do

The Risk Analyst supports the development and implementation of fraud and operational risk management programs to safeguard the Credit Union's assets. This role involves investigating suspicious activity, conducting root-cause analysis, and providing risk management support across business units.

Requirements

Candidates should possess post-secondary education in accounting, audit, or a business-related discipline. A minimum of 3-5 years of experience in risk management or internal audit is required.

Benefits

• Comprehensive benefits package
• Pension plan
• Annual variable compensation program
• Staff rates on products and services
• Professional development and learning opportunities
• Employee volunteer program
• Charitable donation program

Listed skills

• Problem solving · Preferred
• Quality assurance · Preferred
• Regulatory Compliance · Preferred
• Data analysis · Preferred
• Risk Management · Preferred
• Root Cause Analysis · Preferred
• Critical Thinking · Preferred
• Communication Skills · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Risk management
• Internal audit
• Fraud prevention
• Fraud detection
• Investigation
• Risk mitigation
• Data analysis
• Root-cause analysis
• Internal controls
• Critical thinking
• Problem-solving
• Communication skills
• Organizational skills
• Regulatory compliance
• Quality assurance
• Fraud Prevention
• Risk Awareness
• Risk Mitigation
• Fraud Detection
• Planning
• Accounting
• Auditing
• Financial Institution
• Commercial Banking
• Business Continuity
• Internal Controls
• Communication
• Continuous Improvement Process
• Critical Thinking
• Financial Services
• Financial Planning
• Internal Auditing
• Problem Solving
• Risk Management
• Operational Risk
• Operational Risk Management
• Quality Assurance
• Risk Analysis
• Risk Appetite
• Root Cause Analysis
• Detail Oriented

Job areas

• Finance & Accounting
• Security & Safety
• Data & Analytics
• Management & Leadership
• Risk Analyst
• Risk Consultant
• Management and Organization Analysts
• Financial Risk Specialists

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