Vice President - Risk

SBI Canada Bank is a leading Schedule II bank in Canada and is the subsidiary of India’s largest bank, State Bank of India. We are seeking a dynamic and experienced Vice President-Risk to join our Risk team.

Location: Downtown Toronto (Financial District); on-site attendance 5 days per week.

This position reports to the Chief Risk Officer (CRO) and is primarily responsible for performing the following functions:

· Review and enhance second line challenge process and manage risk enterprise management policies, guidelines, risk controls and limits, methodologies and metrics for risk measurement to ensure appropriate risk diversification on both credit portfolio and transactional basis.

· Enhancing the Bank’s operational risk management program including third party, cyber security, climate risk, operational resilience and business continuity

· Preparation of ICAAP

· Monitor enterprise-wide key risk indicators.

· Maintain and enhance ORM tools viz, RCSA, EWRA, BPM etc

· Provide challenge to credit proposals and ensure asset quality reviews.

· Conduct stress tests and scenario analyses.

· Conduct controls testing.

· Regularly measure, evaluate, and report on the Bank’s risk profile.

· Prepare risk reports for business lines, senior management, and the Board.

· Provide quality review by analyzing and reporting on lending within the organization.

· Conduct training / workshops related to enterprise-wide risk management for various stakeholders.

· Act as secretary to the Risk Management Committee

· Keep abreast with regulatory guidelines.

· Perform any other duties as assigned by the CRO.

Key Interactions:

· Senior Management of Risk Committee

· Operations Department

· Credit Department

· External Audit

· Internal Audit

Job Requirements

· University degree in business, risk management, finance, economics or similar area required.

· Strong verbal and written communication skills

· Well versed with extant guidelines of the Regulators including for third party risk, cyber security risk and climate risk.

· 3 years operational Risk management experience in financial industry

· Strong analytical skills with ability to understand various operations and assess the effectiveness of controls.

· Ability to problem-solve and multi-task.

· Work effectively in a group environment.

· Ability to work in an environment of ambiguity and rapid change.

· Good understanding of credit risk management frameworks.

· Note: Detailed Job Description/KPIs will be provided during onboarding. The statements above are not exhaustive but intended to describe the general nature of work.

Industry: Banking/Financial Services

Location: Onsite

Employment Type: Full-time

Compensation Ranges: TCAD 100-150k based on experience

Apply Today: Join us in making a difference. Apply now to be part of our dynamic team!

While we thank all applicants, only those under consideration for the position will be contacted. If you require accommodation during any stage of the recruitment process, please notify Human Resources at careers@sbicanada.com. We encourage applicants from diverse backgrounds that enhances our commitment towards inclusivity and diversity in the workplace. We dedicate ourselves to employment equity and providing accessible employment practices. Any information obtained during the course of recruitment will be used for employment purposes only.