Senior Analyst, Enterprise Risk Management

Senior Analyst, Model Risk, Enterprise Risk Management
Oakville, Ontario, 4 days on-site
Fulltime

About Us
Canadian Tire Corporation, Limited (“CTC”) is one of Canada’s most admired and trusted companies. With more than 90 Owned Brands, 1,700 retail locations, financial services, exemplary e-commerce capabilities, and exciting market-leading merchandising strategies. We dream big and work as one to innovate with purpose for our customers at every level of our business, investing in new technologies and products, and doubling down on top talent to drive the company forward. We offer competitive salaries and wages to CTC employees, as well as store discounts, supported learning through our Triangle Learning Academy, Canadian Tire Profit Sharing, and retirement and savings programs for eligible employees. As part of our enhanced flex benefits program, we offer mental health benefits in the amount of $5,000 per year for benefits-eligible employees and their families, including total well-being, and mental health tools and resources for all employees. Join us in helping to make life in Canada better through living and working our Core Values: we are innovators and entrepreneurs at our core, outcomes drive us, inclusion is a must, we are stronger together and we take personal responsibility. It is an especially exciting time to join CTC and its family of companies where career opportunities are wide-ranging! Join us, where there’s a place for you here.

Job Summary: 
The Senior Analyst, Enterprise Risk Management plays a key role in ensuring the robustness, reliability, and appropriate use of risk models and related model risk governance processes across Canadian Tire Bank, including compliance with regulatory expectations.
This position is responsible for performing independent testing and challenge of all models, oversight of model lifecycle processes, supporting the development and enhancement of risk assessment methodologies, and working collaboratively with business and risk partners to strengthen the Bank’s enterprise risk management and model governance frameworks.

Key Responsibilities:

• Model Testing and Validation: Perform independent testing and validation of risk models to assess their accuracy, reliability, and appropriateness, and to support compliance with applicable regulatory expectations and internal model governance standards.
• Challenging Models: Proactively and independently challenge the assumptions, methodologies, and inputs and outputs of existing risk models, and provide well-reasoned alternative perspectives and recommendations to enhance model performance and risk measurement and ensure alignment with policy and regulatory expectations.
• Risk Assessment: Perform comprehensive quantitative and qualitative risk assessments through the analysis of financial data, market trends, and relevant economic indicators to identify emerging and existing risks and recommend mitigation strategies.
• Reporting and Documentation: Prepare clear and detailed reports on model performance, validation activities, quality assurance outcomes, and risk assessments findings, and ensure that related documentation is complete, accurate, and maintained in accordance with internal governance and regulatory expectations. Track and report key performance indicators  to governance committees (e.g., validation cycle times, number of open/ closed issues, time?to?remediation, materiality ratings).Collaboration: Collaborate closely with cross-functional stakeholders, including finance, audit, compliance, and IT, to ensure alignment on risk management objectives, practices and expectations across the organization and facilitate timely remediation of validation findings.
• Continuous Improvement: Stay informed of industry best practices, regulatory developments (including OSFI E?23), and emerging risks (e.g., data drift, AI/ML governance), and recommend enhancements to the bank’s risk management processes, methodologies, and tools.
• Quality Assurance: Conduct periodic and comprehensive quality assurance reviews across the Model Risk Management governance framework including model inventories, validation documentation, governance controls, and lifecycle processes to confirm adherence to policy, regulatory expectations, and consistent model?risk standards.
• Training and Mentorship: Provide guidance, knowledge sharing, and training to junior analysts and other team members on model validation techniques, risk assessment approaches, and enterprise risk management principles. 

Qualifications:

• Education: Bachelor’s degree in finance, Economics, Statistics, Mathematics, or a related discipline. A master’s degree and/or a relevant professional designation (e.g., CFA, FRM) is preferred.
• Experience: Minimum of 5 years of experience in risk management within the banking or broader financial services industry, with demonstrated experience in risk model testing and validation. and strong knowledge of regulatory guidelines. Experience with credit, capital, stress testing, and/or ML models is an asset.
• Technical Skills: Proficiency in statistical and analytical software (e.g., SAS, R, Python), along with advanced Microsoft Excel skills. Familiarity with database management systems and query languages (e.g., SQL) is considered an asset.
• Analytical Skills: Strong analytical and critical thinking skills, with the ability to interpret complex data, identify key risk insights, and support informed decision-making.
• Communication Skills: Excellent written and verbal communication skills, with the ability to clearly and effectively present analysis and findings to both technical and non-technical audiences, including senior leadership and governance committees.
• Attention to Detail: High level of accuracy and attention to detail in all aspects of analysis, documentation, and reporting.
• Regulatory Knowledge: Understanding of relevant regulatory requirements and supervisory expectations related to risk management within the banking sector (e.g., OSFI guidelines).

Our Commitment to Diversity, Inclusion and Belonging 
We are committed to fostering an environment where belonging thrives, and diversity, inclusion and equity are infused into everything we do. We believe in building an organizational culture where people are consistently treated with dignity while respecting individual religion, nationality, gender, race, age, perceived ability, spoken language, sexual orientation, and identification. We are united in our purpose of being here to help make life in Canada better.

Accommodations  
We stand firm in our Core Value that inclusion is a must. We welcome and encourage candidates from equity-seeking groups such as people who identify as racialized, Indigenous, 2SLGBTQIA+, women, people with disabilities, and beyond. Should you require any accommodation in applying for this role, or throughout the interview process, please make them known when contacted and we will work with you to help meet your needs.