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Who We Are
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.
Our Values, Our Passion
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.
We Are Customer-Focused, Passionate Advocates.
We Have the Courage to Act and Do the Right Thing.
We Are One Team, with One Vision.
We Think Long-Term, We Are Ever-Evolving.
We Strive to Be Exceptional and Inspire Greatness.
POSITION SUMMARY:
The role will support the execution of HomeEquity Bank’s Enterprise Risk Management Program by driving bank wide risk identification, assessment, remediation, and reporting. The role will primarily focus on Credit Risk while providing ancillary support on Operational Risk as needed. As a second line of defense function, the role will provide guidance and independent challenge to the first line. The role will ensure regulatory compliance with regards to OSFI and other applicable regulations and guidance.
MAJOR ELEMENTS OF THE ROLE:
- Support in the execution and continuous improvement of the Bank’s Enterprise Risk Management programs.
- Perform Risk Management, Mortgage Lending, Credit, Operations and other control effectiveness testing and risk monitoring.
- Prepare reports on the results of control testing and work with business unit control owners to develop appropriate action plans to address any identified issues.
- Conduct enhanced due diligence reviews on credit escalations and make recommendation to Director/SVP Risk with regard to suitability and overall risk profile of clients and applications.
- Build/enhance and maintain data driven risk management reporting, including a comprehensive set of KRIs and KPIs to support insightful reporting to senior management and to the Board.
- Support the improvement of the Enterprise Risk Management Framework through enhancement of Risk Management and Credit policies, procedures and risk reporting.
- Assist with the implementation of Bank policies, procedures and standards.
- Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad hoc Senior Management and regulatory requests.
- Assist in the review and risk assessments for new projects and initiatives to ensure continued compliance with the Bank’s Risk Appetite Framework.
- Perform risk-based model validation and reviews for credit related models.
- Perform risk management, fraud, and money laundering investigations and reviews, as necessary.
- Contribute to Risk Management Department projects and initiatives, as needed including expansion of the GRC platforms across multiple risk domains and compliance with new risk management regulations.
- Promote risk awareness throughout the Bank for all risk categories including credit risk, operational risk, fraud risk, and ensure that appropriate training is provided to Bank staff.
- Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad hoc Senior Management and regulatory requests.
- Stay up to date and apply Risk Management best practices, risk policy, and control procedures.
SKILLS AND EXPERIENCE REQUIRED:
Qualifications
- Post secondary education with 7+ years of experience in Risk Management and/ or Internal Audit in the banking industry, preferably in mortgage lending.
- Prior experience independently designing, planning, communicating, and executing Risk Assessment, Monitoring, and Testing programs.
- Familiarity with OSFI regulations and guidance in the area of risk management. Specific focus of OSFI regulations B-20, B-15, E-21, E-23, etc.
- Highly Proficient with MS Office applications (Word, Excel, PowerPoint).
- Hands on experience with Data Visualization and Analytics tools (Looker, Tableau, Power BI, etc.).
- Broader knowledge of the mortgage industry in Canada and industry best practices in Enterprise and Credit Risk.
Attributes
- Well-developed analytical, problem solving, research, and control testing/ audit skills.
- Well-rounded experience of the retail credit life-cycle
- Effective organizational and time management skills with the ability to manage multiple and changing priorities with minimal supervision.
- Excellent verbal and written communication skills, including experience in preparing and presenting reports and presentations to various levels of management.
- Must be pro-active, self-motivated and a self-starter.
- A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team.
- Strong attention to detail and accuracy.
WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.
We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
A Dynamic Culture – With People at the Centre
We believe our people making all the difference; our tireless commitment to inclusivity, professional development, and employee engagement/experience has been recognized through awards including the Waterstone Canada’s Most Admired Corporate Cultures 2022, the Globe and Mail’s Report on Business: Canada’s Top Growing Companies 2022 (third year since 2019), Canadian’s Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.
Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development, as well as providing employees unlimited access to LinkedIn Learning.
Celebrating Great Work and People
We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.
From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.
Our Community Leadership Program also recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with the opportunity to take a paid day off each year to support their favourite local charity.
The Perks
HomeEquity Bank offers a competitive total rewards package that includes the following:
- Extended health and dental benefits
- Employee & Family Assistance Program
- Employer Matched Group Retirement Savings Plan
- Employee Share Investment Plan
- Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
- Employee corporate discount for GoodLife Fitness
Stay in the Know Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:
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