Manager – Initiatives Assessment and Approval Process – Iaap – Oversight

Manager – Initiatives Assessment and Approval Process – Iaap – Oversight

Requirements

• Typically between 5 – 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Experience in risk management, audit, compliance, governance and/or project management is preferred.
• In-depth knowledge of business and regulatory environment.
• In-depth knowledge & experience with risk policy frameworks;
• Working knowledge of operational risk methodology and practices
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Time management & Strategic planning ability
• Project & Change management skills
• Verbal & written communication skills – In-depth.
• Collaboration & team skills – In-depth.
• Analytical and problem solving skills – In-depth.
• Influence skills – In-depth.
• Data driven decision making – In-depth.

Responsibilities

• Acts as a trusted advisor for the COIAA (Control Over Initiative Assessment and Approval) Directive and associated guidance surrounding the Initiatives Assessment and Approval Process (IAAP) and all associated guidance.
• Influences and negotiates across all groups within the bank with a direct or indirect impact to the IAAP to achieve business objectives.
• Accountable for the annual assessment of the effectiveness of the program, methodology changes and program documentation updates as applicable.
• Recommends and implements solutions based on analysis of issues and implications for effective management of IAAPs.
• Applies specialized knowledge of risk management, project management, regulatory compliance and internal controls related to business processes and information for continuous oversight on risks in change.
• Identifies emerging issues and trends to inform decision-making utilizing critical thinking and in-depth analysis.
• Research existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conduct ROE assessments on the initiative at every stage of implementation; at a minimum annual review for potential change in risk parameters.
• Leads the development and maintenance of the internal controls governance system and framework.
• Ensures alignment between stakeholders and represents ONFR team as required in various Line of Business forums and meetings in support of IAAP guidance and methodology.
• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards. Streamlining the process for the maintenance of the ERPM RSA contact list, liaising with other IAAP admins to ensure consistent approach and guidance for the management of all RSA contacts.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. Lead change management activities for the enhancement of the current IAAP tool and the subsequent integration of the IAAPs into GRCE.
• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels. Develop relationships and stay connected to various groups within the bank having a direct or indirect impact on IAAPs (PMO, STO, CFOs, Legal ensure ONFR engagement in all initiatives).
• Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• Analyse all initiatives delivered through formal project management channels for gap analysis in IAAP criteria and associated updates.
• Participate in initial discovery discussions with Lines of Business and Agile COE for methodology suitability assessments; participate in all Agile COE meetings for initiative agile assessments.
• Develop and conduct regular IAAP related trainings for all stakeholders and for targeted groups.
• Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge.
• Performs testing on design of controls as required e.g. observation, inspection, replication, recalculation to ensure risks are identified and controls are effective.
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc.
• Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting.
• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders.
• Analyzes data and information to provide insights and recommendations.
• Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities.
• Develops tools, checklists and communications to address gaps, issues and new requirements.
• Track & monitor Risk related exceptions, identify any systemic trends/gap analysis, opportunity for guidance enhancements.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Preferred Qualifications

• Experience in risk management, audit, compliance, governance and/or project management is preferred.