DescriptionJob Type: Full-TimeVacancy Status: This posting is for an existing vacancyTarget Salary Range: 80,000 - 90, 000The compensation for this position is determined by a combination of skills, experience and is aligned to the market in which the job is posted. Your recruiter will provide additional details about our total rewards package during the hiring process.Scope of PositionUnder the direction of the Manager, Enterprise Risk Management, the Senior Risk Analyst plays a key role in supporting the execution, oversight, implementation, and continuous enhancement of the Enterprise Risk Management program across Alterna Savings and Alterna Bank.The role contributes to ERM program delivery, risk reporting to Senior Management, the Board and its Committees and the maintenance of related risk frameworks, policies, procedures, and practices.The Senior Risk Analyst independently prioritizes multiple assignments and works collaboratively with the ERM team and business partners, demonstrating sound judgment and professionalism in support of organizational objectives.Major ResponsibilitiesAs second line of defence, the position supports oversight, effective challenge, risk reporting, and continuous enhancement of the Enterprise Risk Management (ERM) program for both Alterna Savings and Alterna Bank through:Supports the execution of the Enterprise Risk Management programSupports the updating and maintenance of ERM frameworks, policies, procedures, and practices through industry and regulatory research, as directed by the Manager, ERMOversees and provides organizational support, input and system training to participants, including, but not limited to:Risk and Control Self-Assessments (RCSAs)Third Party Risk Assessments (TPRAs)Maintains a strong understanding of Alterna's business model and structureBuilds strong relationships and trust while providing risk guidance, advisory support,



and effective challenge to business partnersAct as a subject-matter expert for Enterprise Risk ManagementParticipates in the creation of required ERM reportingMonitors and highlight notable changes in Risk Management KPIs and KRIsProvides effective challenge as the second line of defence through Alterna's ERM programSupports the assessment and monitoring of risks and exposures against the Board-approved Risk Appetite Framework and policiesPerforms assessments of the adequacy of the internal control setting and works with business units to improve controls and risk management frameworks, as appropriateKey contributor for the Risk Management testing programsSupports the preparation of control-testing reports and works with business unit control owners to develop appropriate action plans for identified issuesTracks, monitors and validates the remediation of issues identified through control-testing and risk-assessment programsContributes to Risk Management Department projects and initiativesSuccessfully support oversight and continuous enhancement of Alterna's Enterprise Risk Management (ERM) programs.Implement reporting best practices and improve the quality, clarity, and effectiveness of Risk Management reporting.Serve as a trusted advisor to Management by providing effective challenge, risk expertise that influence enterprise-level decision-making, risk appetite, and prioritization.Drive process improvements enhance the efficiency, effectiveness, and productivity of the Risk Management function.Educations / Certifications / ExperienceUniversity bachelor's degree in a related field (such as finance or audit)Minimum of 5 years of experience in Risk Management and/or Internal Audit in the financial industryDirect Enterprise Risk Management experience is an assetPrior experience in control testing and/or auditing and reporting is an assetA professional accreditation/designation in risk management, accounting,



internal audit and/or finance or working towards such a designation is an assetExperience in the financial services industry preferredProficient with MS Office applications (Word, Excel, PowerPoint)Knowledge / SkillsGood knowledge of financial management principles, practices and techniques related to finance and risk management in general, and banking operations and trends in particularAbility to understand risk management theories and approachesKnowledge of the Credit Unions and Bank Acts and other relevant legislation is an assetStrong analytical and creative skills to support the evolution of the ERM programAbout Alterna SavingsAlterna Savings and Credit Union Limited (Alterna) has delivered The Good in Banking ® for over 115 years creating financial services that transform lives for the better, all while giving back to our community. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 210,000 members through a network comprised of 40 branches across Ontario, a call centre and multiple digital channels. Members and customers also benefit from an industry-leading online brokerage and investment management services.We are incredibly proud of our corporate culture, embodying our core values: Collaboration, Integrity, and Respect, where everyone works together towards a common goal; the financial wellbeingof our employees, members, and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for nine consecutive years.We appreciate all applicants; however, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.Alterna is compliant with the Ontarians with Disabilities Act and our team strives to provide an accessible accommodation experience. If you have a disability and require accommodations during the recruitment process, please contact our Recruitment Team and let us know how we can accommodate you.Alterna does not currently use Artificial Intelligence (AI) to screen, assess, or select applicants

📌 Senior Risk Analyst (Toronto)
🏢 Alterna Savings
📍 Toronto