Business Analyst IV

Title: Business Analyst IV
Duration: 7 months
Location: Downtown Toronto (Hybrid – 2 days in office – Could potentially change in the future)

Job Description
Reporting to the Manager, the primary role of the Senior Analyst, is to ensure internal control testing is effectively and efficiently conducted based on the requirements of the 2nd line functions (e.g., Compliance, Risk, AML, etc.).
As part of the key accountabilities of the role, the Senior Analyst will:

Assist with creation and maintenance of Value Chain (VC), Assessable Unit (AU), and Unique Business Process (UBP) inventories
Assess multiple individual processes concurrently, consolidate risks and controls across processes to eliminate duplication, and identify any gaps in processes as well as process inventory.
Assist with Risk and Control Self-Assessment (RCSA) documentation and engage other risk partners in RCSA execution.
Assist with RCSA interim updates as operational risk events/issues arise
Execute testing of key controls within established deadlines, applying testing methodology.
Ensure that exceptions are appropriately analyzed, reported, and tracked to resolution. Further, support Businesses in developing action/remediation plans to address internal control gaps as well as the root cause themes.
Support the assessment of Key Risk Indicators.
Identify opportunities to improve processes, realize efficiencies in testing (where possible) and deliver a better testing experience to Businesses.
Assist with ad-hoc initiatives and strategies from a risk and control perspective.

Job Requirements: Education & Experience
• University education
• 5 years of relevant experience (Risk, Audit, Compliance preferred)

MUST HAVE:
• Experience: 3 to 5+ years of relevant experience in #Risk, #Audit, Quality Control Testing, or #Compliance
• Proven End-to-End Risk and Control Self-Assessment (#RCSA) experience
• Advance knowledge of #governance, risk and control procedures, strategies & tactics
• Prior audit experience, quality control testing experience, or familiarity with Bank testing methodology
• MS Excel (formulas), PowerPoint, Visio, and Word
• Ability to work successfully as a member of a team and independently
• Ability to analyze, research, organize and prioritize work while meeting multiple deadlines

Nice to Have:
• Wholesale operations experience or derivative operations
• Experience utilizing #Aris software for process mapping
• Familiarity with major financial institution/ #bank testing methodologies