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Job Location | Toronto |
Education | Not Mentioned |
Salary | Not Mentioned |
Industry | Not Mentioned |
Functional Area | Not Mentioned |
Job Type | Permanent |
Job DescriptionThe Associate Director, Operational Risk Management (ORM) is accountable for supporting the Director, Operational Risk and the Head of Risk in overseeing the successful implementation and execution of the Operational Risk Management Framework, specifically with regards to change risk associated with new products and services as well as risk associated with Business-As-Usual processes (BAU).The Associate Director, ORM works closely with all parts of the organization and supports the wider senior management team in managing the risk associated with material changes and new products or services as well as BAU processes. This includes conducting 2nd line of defense challenge on risk assessments compiled by project, program, department or process as required, challenging completeness of risks identified, adequacy of risk ratings applied, identification of gaps and appropriateness of action items. As required, the Associate Director, ORM will support 1st line in their preparation of risk self-assessments and their submissions to the Risk Committee for approval.In addition, this role will be involved in other ORM work as required, including Scenario Analysis, Risk Events, Action items administration and tracking, preparation of reporting to the Risk Committee and Boards, various ad-hoc or special risk projects, as well as in promoting and supporting the risk culture in line with the Risk Management Framework.