RECRUITER EMAIL

info@maplesoftgroup.com
Maplesoft Group is currently seeking an Operational Risk Analyst for our client.
Tasks and Responsibilities include, but are not limited to the following:

Risk and Control Assessments

• Support Manager in gathering information from subject matter experts to identify and assess the risks & control within entities, business units and corporate functions across the group of companies.
• Document risk assessments and insights for Enterprise Risk Management (ERM) reporting.
• Track, monitor and report on action plans resulting from RCAs through Risk Management (GRC) Tool

Change Management of Risk and Control Assessments

• Monitor organizational change and update operational risk assessments and related mitigating controls when there is a significant change (e.g. department restructure, new product, new market, acquisition).
• Identify, track and monitor risk mitigation strategies.

(KRIs) KRI Data Collection

• Support Manager in collection and recording of data on key operational risk metrics from across the group of companies.

KRI Analysis

• Assess the completeness and accuracy of the reported metric data.
• Obtain and document management action plans for remediating out of tolerance operational risk metrics.
• Provide recommendations for updates and changes to ORM KRIs and thresholds

KRI Reporting

• Prepare KRI data for reporting in Operational Risk Management (ORM) dashboards and reports.

Loss Event Data Collection

• Collect and record data on operational risk incidents (i.e. loss events), including information related to reputational damage, opportunity loss and near misses.

Loss Event Analysis

• Ensure the proper classification of loss events using the company’s taxonomy
• Assess the completeness and accuracy of the reported loss event data.
• Analyze loss events and assist in the identification of root causes.
• Obtain and document management action plans for remediating any process or control weaknesses, as identified within the root cause analysis.

Loss Event Reporting

• Prepare loss event data for reporting in ORM dashboards and reports.

• Perform detailed walkthroughs of business processes, in accordance with the ORM program requirements – when applicable.

• Identify and document the steps within each process, and assess the inherent operational risks, interdependencies as well as the design of controls.

• Update the RCAs based on the findings from the business process analysis performed.

• Support the Manager in performing assessments and challenging the operating effectiveness of key operational controls through the business unit self assessment / attestation process, in accordance with the ORM program requirements.

• Identify and document any weaknesses within the controls challenged from the business unit self assessment process.
• Obtain and document management action plans for remediating any control weaknesses identified within the attestation.
• Prepare issues data for reporting in ORM dashboards and reports

Risk Management Reporting

• Assist the ERM reporting function by providing data and operational risk-specific information (e.g. KRIs for operational risks).
• Direct population of Op Risk Dashboard

Support for Enterprise Risk Management Team

• Provide support for other team members and functions within the ERM team (ie. BCP team, etc)

Education

• Post-secondary diploma in Business Administration, Commerce, Economics, Math or comparable

Industry Certifications/Professional Designations

• A Risk Management designation (e.g. CRM, PRM) or certification is an asset.

Work Experience, Functional Knowledge, and Business Expertise

• 2 to 4 years of experience in conducting risk and control assessments, business process analysis and controls monitoring.
• Understanding of business processes and operations.
• Experience in the insurance industry is an asset.
• Understanding of risk management principles (e.g. COSO ERM Framework, ISO 3100 – Risk Management, OSFI Guideline E-21: Operational Risk Management).
• Proficiency with Microsoft Office (Excel, PowerPoint, Word, SharePoint) and the ability to quickly learn new applications.
• Strong written and verbal communication and inter-personal skills: ability to articulate risks and actions to remediate process and controls weaknesses.
• Experience with data analysis and analytics
• Strong facilitation and collaboration skills

Maplesoft Group prides itself on its distinct corporate culture and recognizes that success is a direct reflection of our most valuable asset - our people. Therefore, attitude and ambition are key personality traits we seek out, along with skill and aptitude, in potential employees.
Maplesoft Group is committed to having a diverse, representative workforce and continuing to build an inclusive environment. We encourage applications from all qualified individuals. Maplesoft Group is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants irrespective of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans’ status, Aboriginal peoples or any other legally protected factors.
All employment decisions are made based on business needs, job requirements, and individual qualifications.
We are committed to developing inclusive, barrier-free recruitment and selection processes, and a work environment that supports our diverse workforce. Please let us know if you require accommodations at any stage of the recruitment process. We can be reached at Maplesoft Info at info@maplesoftgroup.com.
We thank you for your interest in Maplesoft Group and wish to advise you, that only candidates under consideration will be contacted

Please refer the Job description for details