Overview

Risk Management Specialist Job at Meridian OneCap Credit Corporation – in St. Catharines, ON

Who we are!

About Meridian OneCap

Meridian OneCap Credit Corp (MOCC) is an equipment and finance company providing a broad range of financial services to businesses throughout Canada. Our parent, Meridian Credit Union, has over 70 years of banking history and is Ontario’s largest credit union.

We are committed to being the best provider of specialized equipment financing services to strategic vendors across Canada. Our service-oriented culture and exceptional group of professionals serves to provide our strategic partners with value-added service and constructive solutions.

Meridian OneCap Credit Corp provides customized leasing solutions both to help companies sell equipment and to companies that have chosen to lease equipment, rather than buy. For manufacturers and vendors, we enable you to provide your customers with a value-added service that helps your customers acquire equipment efficiently and gives your company a competitive edge. And for the end user, we can help you to preserve working capital in your business, while benefiting now from the use of the equipment.

Our team is known as industry leaders. We’ve earned our reputation through consistent delivery of financing programs with the most efficient transaction process and superior customer service. With the largest direct sales force within the Canadian market, it’s no wonder our customer service is unparalleled.

About this role:
Reporting directly to the Meridian Credit Union (“MCU”) Director, Risk Management, with dotted line reporting to the Meridian OneCap Credit Corporation (“OneCap”) VP, Credit & Risk Management, the Risk Management Specialist is a OneCap employee and a member of MCU’s Risk Management Team. The Risk Management Team is responsible for maintaining MCU and its subsidiaries’ (collectively, “Meridian”) Enterprise Risk Management and Operational Risk Management Frameworks, implementing strategy for both, and maintaining broad oversight of Meridian’s risk profile. The team:

Performs and supports risk identification, assessment, and measurement to ensure that risk is being managed within Meridian’s Risk Appetite and regulatory requirements are being met;

Builds and maintains relationships with internal business partners and helps to ensure risk management is embedded in Meridian’s fundamental business processes; and

Supports the risk management functions and requirements of Meridian through consultation on processes and practices and operational risk within day-to-day functions and initiatives.

What you’ll do:
The incumbent will build effective relationships across OneCap and liaise with MCU business units and risk subject matter experts, external parties, and regulatory bodies to promote consistency and requisite content in risk policies and support guidelines and procedures. Responsibilities may include items from any of the areas managed by the Risk Management Team, including:

Overall:
Remain current with trends and developments in the broader leasing industry.

Partner with credit, financial, strategic, and operational risk framework owners and actively contribute to the development of enterprise-wide risk policies, frameworks, and mandates.

Support Risk Leadership in the oversight of OneCap’s Enterprise Risk Management (“ERM”) and Operational Risk Management (“ORM”) strategy and provision of support to the OneCap President & Senior Leadership Team in developing strategic decisions which align with OneCap’s risk appetite and profile.

Act as a trusted business advisor to internal partners with respect to risk management practices, processes, and procedures.

Provide leadership in the interpretation of regulatory developments and expectations regarding risk management, along with maintenance of risk policies.

Develop and maintain standard operating procedures for the risk management activities performed.

Provide training and awareness to management and staff on risk-related topics.

Work with the Risk Management team to understand and align OneCap with the broader ERM, ORM, Business Continuity, and Insurance programs of Meridian as required.

ERM:
Work with Leadership to proactively identify new and emerging risks and work with the appropriate internal partners to assess the risk and put plans in place to mitigate the potential impacts.

Administer the completion of enterprise-level risk assessments and reporting by working with risk framework owners to identify, assess, and report on tangible risks affecting the organization.

Work directly with initiative and project owners to identify potential changes to OneCap’s risk profile as a result of significant projects and facilitate the development of mitigation planning.

Work with Leadership to establish and monitor appropriate risk appetite metrics for all areas of risk in OneCap, including preparation of management reports.

Support Risk Leadership in the management of Meridian’s Stress Testing and Internal Capital Adequacy Assessment Process (“ICAAP”) programs, including performing OneCap-relevant scenario-based analysis.

Identify and develop risk analysis and data management capabilities which support the strategic objectives of ERM.

ORM:
Administer the completion of operational risk assessments by working with process owners to identify relevant risk areas and connect with corresponding risk framework owners.

Liaise between OneCap departmental areas and MCU risk subject matter experts (in areas such as Fraud, Anti-Money Laundering, Regulatory Compliance, and other operational risks) to promote adequate operational risk identification, management, and oversight.

Work with the Risk Management team to apply Meridian’s Risk and Control Self-Assessment (“RCSA”) program to OneCap as necessary and proactively monitor any identified issues and actions plans.

Coordinate and prepare materials for Operational Risk Committee meetings related to OneCap’s operational risk profile.

Business Continuity Management Program:
Coordinate the review and update process for Business Continuity Plans with OneCap Unit Business Continuity Representatives.

Participate in the execution and post-review of annual Business Continuity exercises.

Perform comprehensive reviews of Business Impact Assessments and Business Continuity Plans with Unit Business Continuity Representatives to ensure plans remain relevant and up to date.

Corporate Insurance Program:
Liaise with the Risk Management team to ensure adequate insurance coverage for OneCap during the annual renewal and update of all insurance policies in Meridian’s insurance program.

Work with OneCap business units to ensure OneCap-specific insurance programs are adequate and functioning properly.

Monitor and assist as needed with all incident reporting and claims management.

Maintain subject matter expertise of all Meridian insurance policies and related processes to be able to respond quickly to questions from internal partners.

Participate in ongoing reviews of coverage with Meridian’s insurers to ensure an appropriate balance of coverage and cost efficiency is maintained.

What you can bring to Meridian:
Knowledge:
Expert knowledge of ERM and ORM methodologies, practices, and measurement systems, including the Three Lines of Defence model of risk management.

Working experience manipulating data using Excel or other programs.

Knowledge of cross-Canada leasing industry regulatory expectations, including nuances relating to individual provinces; experience in addressing these regulations while employed at a leasing company.

Strong understanding of leasing company processes.

Degree or diploma preferably in Business or a quantitative field (such as statistics, finance, economics), with working knowledge of risk management principles and practices.

Certifications such as CRM, FRM, CFA, and/or CPA are not required but desirable.

Experience:
A minimum of 5 years’ experience within the leasing industry and/or financial services, with experience working in a risk management capacity.

Possess strong analytical and problem-solving skills and demonstrated knowledge in risk measurement and management.

Experience with ERM frameworks such as COSO ERM and ISO 31000.

RCSA or relevant Internal Audit experience would be considered an asset.

Skills:
Exceptional interpersonal skills with the ability to interact independently and competently with all levels of management and staff.

Exceptional written and oral communication skills.

Business oriented, strategic, disciplined thinker.

Strong analytical and problem-solving abilities.

Ability to multitask and quickly prioritize and resolve critical issues as they arise.

Outstanding skills in risk assessment and effective project management.

Proficient in Microsoft Office (Excel, Word, PowerPoint, Outlook).

Comfort working within and enhancing custom software; knowledge of GRC platforms would be considered an asset.

What’s in it for you?

We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

We provide you with the tools and technology needed to delight your clients!

Did you know our leadership team has worked in the Canadian finance industry for a combined 120 years?

Dress for your day! Be comfortable when you can!

This is not your typical “corporate” job. We work hard and we have fun!

We offer a competitive total rewards package that includes base salary, a performance bonus, vacation, personal &sick days, personal development funding, paternity/maternity leave top-ups and much more.

Keeping our Employees and Community Safe – COVID-19

The health and safety of our employees, members, and the communities in which they live, is of the utmost importance to Meridian Credit Union/motusbank/Meridian OneCap. With this in mind, we are complying with all public health mandates both provincially and federally, and have implemented various safety measures, including requiring all employees to be fully vaccinated against COVID-19 and making COVID vaccination a pre-condition to employment with Meridian

Please note that exceptions may be applicable regarding medical or religious reasons protected under Canadian human rights laws. Should successful applicants require a medical or religious accommodation related to vaccination, please discuss whether an exception may apply with your Talent Acquisition Partner.

Come and Be the Difference in our Growth!

Meridian OneCap is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.

Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Thank you for your interest in Meridian OneCap.

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About the Company

Company: Meridian OneCap Credit Corporation –

Company Location:  St. Catharines, ON

Estimated Salary:

About Meridian OneCap Credit Corporation -