Senior Risk Analyst in Burlington

Tandia Financial, a Division of Alterna Savings, is seeking a Senior Risk Analyst to provide support for the retail, small business commercial, and enterprise risk management programs. The role is responsible for ensuring the efficiency and effectiveness of Tandia’s enterprise risk management framework and ensuring that approved lending applications meet acceptable risk requirements in accordance with Tandia’s lending policies, regulatory and legislative requirements, and risk appetites.

The Senior Risk Analyst will report on performance findings in Credit and Enterprise risk, identify trends, and provide recommendations for best practices. They will work closely with other departments to support the identification of deterioration/risks in the portfolios and in the development of action plans to mitigate and manage risks.

KEY RESPONSIBILITIES

• Oversee the organization’s Enterprise Risk Management program.
• Responsible for the oversight of credit risk of Retail, Small Business, and Commercial Lending.
• Provide an effective challenge role as the second line of defence within Tandia for credit risk management.
• Review credit governance and risk oversight, including communication and monitoring portfolio performance.
• Develop guidelines to evaluate disbursed loans and mortgages.
• Review policy-setting and associated authorization limits.
• Work with risk owners to support development of key monitoring and reporting metrics.
• Maintain current market knowledge and trends within the lending and mortgage sectors.
• Monitor performance and lending trends, loan quality assessment, and loan loss provisions.
• Support execution of the Enterprise Risk Management program.
• Engage with business units to identify risks across key businesses.
• Assess the adequacy of the internal control environment and work with business units to improve controls and risk management frameworks.
• Track, monitor, and validate remediation of issues identified through risk assessment and testing programs.

QUALIFICATIONS & REQUIREMENTS

• A Bachelor’s degree in Accounting, Finance, or Business Administration.
• Minimum of 3-5 years of Credit Risk Management experience.
• Minimum 3-5 years performing Risk Management, Operational Risk, or Enterprise Risk Management.
• Experience working in financial services is considered an asset.
• Demonstrated working knowledge and solid analytical skills in retail, small business, and commercial analysis.
• Knowledge of Microsoft Office products, specifically Excel.
• Strong understanding of regulatory environment and requirements.
• Excellent communication, presentation, and interpersonal skills.
• Decision-making ability and experience in data analysis.
• Effective planning and organizational skills, with the ability to adhere to strict deadlines.

Due to deadline and time constraints, the hours of work may extend beyond the normal work week. This position requires the ability to perform well under pressure while working towards meeting established objectives within set timeframes.