Business Risk Manager

Toronto, ON
Permanent
Full-time

14 days ago

Who we are:Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig.Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank. About the role:The Business Risk Manager supports the implementation and maintenance of risk, compliance, and internal control frameworks within the Operations department. Acting as the first line of defense, this role provides objective risk management advice and collaborates with key stakeholders to promote sound risk practices across the organization.Job Responsibilities:

Conduct risk and control self-assessments (RCSAs), initiative reviews, and compliance assessments
Facilitate process mapping and control evaluations
Analyze root causes of risks and track remediation plans
Identify and classify operational risk events (OREs), analyze causes, and develop mitigation plans
Ensure proper reporting and tracking of OREs and related action items
Monitor and report on open issues from audits, assessments, and KRIs
Align issue management practices across Operations
Collect and analyze KPI/KRI data and support operational risk reporting
Assist with updates to business processes and policies
Provide feedback on risk frameworks and document procedures
Deliver risk training and promote awareness across the organization
Build relationships with control functions and support business adoption of risk practices
Lead business continuity planning efforts within Operations
Act as the first point of contact for coordinating internal audits and regulatory examinations

What we’re looking for:

University degree in business, economics, finance, or relevant work experience
Professional certifications/designations preferred
3–5 years in Risk Management, Internal Audit, Finance, or Operational Effectiveness within a regulated Canadian financial institution
Experience in facilitation, project management
Strong understanding of risk management
Excellent communication and relationship-building skills
Comfortable presenting to senior leadership
Collaborative, self-motivated, and results-driven
Able to thrive in a fast-paced, deadline-driven environment
Excellent communication, strategic thinking, and stakeholder management skills
Demonstrated ability to use data and insights to influence decision-making and drive improvements
Experience with process management, quality standards, and performance measurement

What you’ll love about working here:

Award-Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025 by Canada’s Top 100 Employers.
Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.
Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being.
Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance.
Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.
Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match.
Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
On-Site Fitness: Gym access at our London and Montreal offices.
Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
Family Support: Parental leave top-up program to help you during life’s big moments.
Community Impact: One paid volunteer day to give back to causes that matter to you.
For more information on who we are as an employer

What you can expect - pay & process:

Expected base salary range is $80 000.00 - $105 000.00, plus the opportunity to earn an annual incentive bonus tied to performance.
This posting is for an existing vacancy within our organization.
Artificial intelligence may be used in parts of the recruitment process.
All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire.

If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.Learn more:Follow us on LinkedIn:If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.Time Type: Full timeJob Type: Permanent

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