Risk Analyst, ERM

Requisition ID: 20803 


Company

The City of Vancouver is striving to become the greenest city in the world, and a city powered entirely by renewable energy before 2050. We are proud to be one of BC's Top Employers, Canada's Best Diversity Employers, and one of Canada's Greenest Employers. With employees that have helped Vancouver consistently rank as one of the world's most livable cities, the City values a diverse workforce which represents the vibrant community we so proudly serve.

Consider joining our committed team of staff and being part of an innovative, inclusive and rewarding workplace.

 

Main Purpose & Function 
Under the direction of the Associate Director, Enterprise Risk Management the successful candidate will play a lead role in the ERM program, collaborating with senior managers across the organization to identify and assess risks and opportunities, and ensuring City’s consistent adaptation of the enterprise risk management framework and applicable risk management requirements.

 

The Risk Analyst is a new position within the City that will provide critical support to the ERM team by conducting risk assessments and by assisting in the delivery of enterprise wide risk management program relating to operating risk. The role will lead and be accountable to several departmental risk registers and work with relevant Risk Liaisons to identify and manage critical departmental risks. Additionally the analyst will provide technical expertise, advice and leadership to various City of Vancouver stakeholders on potential risks, and determine how to avoid, reduce and/or transfer identified risks and will support, educate and train staff to build risk awareness within the organization.

 

 

Specific Duties & Responsibilities

Assists the Associate Director, Enterprise Risk Management in developing, implementing and administering of the enterprise risk management framework at the City:

  • Provides support to the City’s first line of defense risk management and business activities to assure that current practices fall within established City ERM policies, procedures and operating parameters; such activities include supporting the oversight reviews of key risk processes and performing concentration analysis across various risk types;
  • Coordinates and support internal departments to consistently conduct risk identification, reporting and monitoring processes and identify internal and external risk trends and operational issues;
  • Contributes to the identification and monitoring of actions to strengthen the controls, identification of operational loss events and emerging risks;
  • Develops and track sets of key risk indicators to monitor trends in various departments risk profile;
  • Develops, implement and maintain tools and methodologies for identifying, logging, quantifying, tracking and reporting risks consistently as required;
  • Collaborates with Compliance and Internal Audit to ensure that ERM contributes to enhancing overall risk management across the organization;
  • Provides Enterprise Risk Management (ERM) reporting to relevant stakeholders:
    • Assisting with the preparation of periodic ERM reporting including risk related reports, policies, procedures and standards to ensure standards and regulations are met or exceeded.
  • Develops and maintains effective communication linkages and relationships with business areas to discuss and resolve issues, and exchange information of mutual concern in relation to enterprise wide risk management
    • Liaises with business units and ensure that risk monitoring, management and reporting of key risk exposures are appropriately set at the enterprise level through independent monitoring
    • Challenge risk/control owners’ assessments of their risks and controls on a regular basis and communicates results to senior management;
    • Advises business units on technical elements of risk management which involves risk identification, assessment, mitigation planning, monitoring, triggers/responses, evaluation and reporting;
    • Develops of Risk Management training material and facilitate the education of all stakeholders involved in Risk Management to improve understanding of risk assessment and risk management process;

 

  • Assists the Associate Director, Enterprise Risk Management in managing the internal governance process for new initiatives as they relate to enterprise risk:
    • Participates in various risk management projects to support broader ERM initiatives Ensures all participants have identified the risks related to the new initiative and mitigated actions have been identified, if required;
    • Enhances risk analysis tools used for project submissions and reporting.

 

  • Other duties/responsibilities as assigned

 

Qualifications

Education and Experience:

  • Bachelor’s and/or Master’s degree in Business Administration, Statistics, Accounting, Finance, Math, or Engineering; or in lieu of degree, proven equivalent experience in Risk Management will be considered;
  • Minimum of 5 years+ progressive experience in enterprise risk, operational risk management or risk consultancy, with at least 2 years dedicated experience in Enterprise Risk Management;
  • Demonstrated experience in integrating process, risk and control frameworks and experience working within the “Three lines of defense model”
  • Must have strong analytic skills, ability to aggregate and analyze quantitative and qualitative data;
  • Intermediate to Advanced proficiency in Microsoft Excel;
  • Program or project management qualification and experience preferred.
  • Experience within a Management Consulting firm is considered as an asset;
  • Certifications in risk and/or business continuity.

 

 

 

Knowledge, Skills and Abilities:

  • In-depth understanding of risk management practices and methodologies, including risk assessment and a solid understanding of internal control and mitigation strategy concepts
  • Specific subject matter expertise regarding Enterprise Risk Management (ERM) and Operational Risk Management (ORM) disciplines and knowledge of ERM best practices, within complex multi stakeholder environment preferred
  • Experience in creating training requirements and material within a risk management, issue management or disaster management environment
  • Proven ability to leverage resources to utilize best practice frameworks to embed common risk mitigation and governance
  • Experience in effectively communicating goals, policies and training material within and between complex multi stakeholder organizations
  • Must be team-oriented and be able to collaborate effectively in department and cross-departmental efforts
  • Ability to perform complex business and technical analysis and to present them concisely and professionally at an executive level
  • Strong planning skills
  • Excellent communication (oral, written and presentation) skills
  • Ability to establish and maintain positive relationships with managers and departmental staff at every level
  • Ability to thrive under pressure, handle multiple tasks and changing priorities within tight time frames
  • Ability to work independently
  • Strong organizational skills and the ability to establish systems and set priorities
  • Ability to maintain organized, well-documented records

 

Business Unit/Department: Finance, Risk & Business Plan (1150) 

Affiliation: Exempt 

Employment Type: Regular Full Time 

Position Start Date: November, 2020 

 

Application Close: September 20, 2020

At the City of Vancouver, we are committed to recruiting a diverse workforce that represents the community we so proudly serve. We encourage applicants from diverse backgrounds, including Indigenous applicants, all genders, nationalities and persons with disabilities. 

We thank all applicants for their interest. However, only those selected for an interview will be contacted. Learn more about our commitment to diversity and inclusion.