Business Risk Analyst Sr

This is a regular, full-time role on a flexible hybrid schedule. The work location is 483 Bay Street in Toronto until approximately late 2026, when it will change to the new Mississauga office at 3 Robert Speck Parkway.

About Us

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services—and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future. Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best—both personally and professionally.

Responsibilities

• Risk Program Implementation and Maintenance
  • Supports assigned business units on a day-to-day basis to identify, monitor, and evaluate risk.
  • Independently provides guidance and oversees the completion of risk program requirements.
  • Identifies potential areas that can benefit from a deep-dive risk assessment.
  • Leads and independently challenges risk events/issues to understand root cause, impact, and remediation plans/actions.
  • Drives business units’ compliance with EUC and Model risk assessment frameworks to ensure policy adherence.
  • Drives the development of the business units' risk profile, risk appetite, and metrics.
  • Develops and monitors processes to ensure completion of action plans and risk acceptance decisions.
• Risk and Control Self Assessments (RCSAs)
  • Supports and provides guidance to ensure all business units have formalized and robust RCSAs, including assessing the control environment and assisting business units to identify gaps and ensure appropriate mitigation.
  • Plans RCSA scope coverage, assists business units in the completion of RCSA, and provides thorough review and effective challenge.
  • Performs process walkthroughs with business units and documents key risks and controls using best practices.
  • Utilizes internal systems to accurately capture RCSA results and associated action plans.
• Control Testing
  • Independently executes and coordinates control testing activities for the assigned business units, including assessing control design and operating effectiveness.
  • Oversees control testing scope coverage and executes testing for the assigned business units within the given timeframe.
  • Works with stakeholders to proactively identify opportunities to make control testing more effective.
  • Leads process walkthroughs with business units, conducts independent control testing, and documents the control environment and testing results.
  • Identifies opportunities for improvement and remediation by discussing findings with the business.
• Deep Dive Risk Assessment
  • Conducts deep-dive risk assessments for high-risk areas and critical functions.
  • Proactively identifies potential areas that can benefit from a deep-dive risk assessment by working closely with the business and conducting thorough analysis.
  • Executes deep dive risk assessments scope coverage.
  • Identifies opportunities for improvement and remediation by discussing findings with the business and recommends appropriate solutions.
• Reporting
  • Consolidates risk information, summarizes issues, analyzes trends, and provides regular reporting to senior management and 2nd line risk.
  • Develops program-based reporting to provide status updates, issues, KPIs, and action plans for the respective business area and continuously enhances reporting for the assigned business units.
  • Reports risk program results and findings to senior management using digitalization and visualization.
  • Provides policy and program adherence updates to 2nd line risk.
• Risk Culture and Training
  • Develops materials to provide customized training for assigned business units to improve understanding of risk management program requirements and enhance risk culture.
  • Promotes strong risk management practices and principles across the business unit.
  • Provides training and oversees risk event escalation and investigation requirements.

Requirements

• 3+ years of relevant risk/operational risk experience required. Experience with IT/Audit Risk is an asset.
• Experience in the financial services industry is an asset.
• Experience in gathering, documenting, and analyzing business processes.
• Proficiency in data analytics techniques and relevant data analysis experience.
• Strong analytical, critical thinking, and proactive problem management skills.
• Completion of a University degree required, or equivalent work experience.

Skills

• Ability to take initiative, work independently, and handle multiple tasks.
• Ability to build strong relationships and influence senior stakeholders.
• Strong interpersonal skills to build effective relationships.
• Excellent time management skills with the ability to work under tight deadlines.
• Team player who works constructively with others to achieve team goals.

Benefits

• Compensation
  • Base Salary and Discretionary Performance Bonus: Total annual cash compensation (base salary plus target bonus) ranges from $99,000 to $129,000, based on experience and qualifications.
  • RRSP Contribution: After 6 months of employment, Fidelity invests in your future with an RRSP contribution—no employee matching required.
• Health and Wellness
  • Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, including up to $6,000 annually for mental health services and therapy.
• Work-Life Balance
  • Parental leave top-up to 100% of your salary for a period of 25 weeks.
  • Up to $650 for home office equipment.
  • Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice.
• Professional Development
  • Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation.
• Diversity and Inclusion
  • Diversity and inclusion programs, including an active network of Employee Resource Groups.