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Analyst - Risk

Apply now Job ID 28791661440 Date posted 05/10/2022

Primary Locations: Toronto, Ontario

Employee Status: Regular

Schedule: Full-time

National Bank Independent Network (NBIN) is the premier provider of carrying broker, trading and custodial services to Portfolio Managers, Introducing Brokers, and Investment Fund Managers across Canada.

The Analyst is a member of the NBIN Risk team that is responsible for operational risk oversight within NBIN. Operational risk is comprised of fraud risk, information security risk, execution risk, legal risk, regulatory risk, business continuity risk, and IT business interruption risk. The tasks that are performed vary greatly and are grouped into monitoring, reporting, analysis, and support activities. 

A successful candidate will need to have strong analytical and problem-solving skills supported by knowledge of brokerage operations.

The Senior Analyst will report to the Manager of NBIN Risk.

Key Accountabilities

  • Perform an operational risk oversight of NBIN processes through various tasks and activities. For example:
    • Conduct due diligence reviews on new and existing clients
    • Investigate fraud and privacy breaches
    • Conduct AML transaction monitoring
    • Respond to enquires and provide risk guidance to our clients and internal partners
    • Perform Operational Event reporting
    • Review and approve policy exceptions
    • Monitor U.S. resident trading
    • Monitor error and comfort deposit accounts
    • Review hypothecation and investment product setup requests
    • Complete third-party due diligence questionnaires submitted by clients
    • Coordinate requests for audit related documentation as requested by clients
  • Liaise with internal partners such as Compliance, Legal, Operations, and Wealth Management Risk
  • Lead and/or assist with various projects related to process improvements, audit, and other regulatory requirements
  • Work with internal partners to create or improve policies, procedures, and controls
  • Prepare communication and training material on related policy and procedures for NBIN employees and clients

Competencies Required

  • 5+ years experience within the financial brokerage industry in an IIROC regulatory environment
  • University degree and/or CFA designation
  • Canadian Securities Course (CSC); Conduct and Practices Handbook Course (CPH)
  • Knowledge of brokerage operations and back-office processes (account opening, trading, settlement, transfers, security deposits, etc.)
  • Experience in writing policies and procedures
  • Familiarity with brokerage operating systems such as ISM/OSS, AS400, and iMOST
  • Strong analytical, problem-solving, communication and presentation skills 
  • Expert knowledge of Excel (working with large data sets, macros, pivot tables, etc.), Word and PowerPoint
  • Ability to create efficiency, optimize, add value, and go above and beyond in normal duties
  • Ability to work independently and in a team environment
  • Legal and/or compliance background, an asset
  • French is an asset, but not required

Your benefits

Upon hiring, you will be eligible for a wide range of benefits. In addition to competitive compensation, we offer attractive benefits for you and your family:

  • Health and wellness program, including many benefits
  • Flexible group insurance
  • Defined benefit pension plan
  • Employee Share Ownership Plan
  • Employee and family assistance program
  • Preferred banking services
  • Volunteer program
  • Telemedicine
  • Virtual sleep clinic

These are just a few of the many benefits we offer. We've rolled out a number of additional measures to ensure your health, safety and wellbeing during the pandemic. 

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people.   Our mission is to have a positive impact on peoples' lives.

Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees. 

We want our recruitment process to be fully accessible. If you require accommodations, feel free to let us know during your first conversations with us.

We welcome all candidates! What can you bring to our team?

Ready to live your ambitions?


JobField: Risk Management

Unposting Date: 2022-05-25

Job Number: RIS00194

Posting Date: 2022-05-16

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