At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact—for our clients, our communities, and each other.
Position Title: Risk Management Specialist
Reports To: Director, Risk Management
Department: Risk Management
Term: Permanent Full-Time
Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.
The Opportunity: At Equitable, our focus is on making a meaningful impact in the lives of Canadians by putting clients at the heart of everything we do. We lead with empathy, act with intention, stay curious, and support one another every step of the way. If you're looking for purpose-driven work in a collaborative and inclusive environment where your voice is heard, and your growth is encouraged we’d love to connect. We are looking for a Risk Management Specialist to join our Risk Management team!
The Risk Management Specialist assists the Director, Risk Management and Chief Risk Officer in the oversight of all risk exposures (operational, financial, strategic/emerging) across all lines of business, including corporate functions.
Join one of the Waterloo Area’s Top Employers for 2025 and Southwestern Ontario’s Top Employers for 2024 and be part of something that matters.
What you will be doing:
Developing and maintaining risk assessment and risk metric reporting processes that facilitate the detection and analysis of trends
Identifying opportunities for improving risk assessment and monitoring processes
Collaborating with staff across the company to ensure risk management frameworks continue to be effective as the Company continues to grow and evolve
Complete risk reports for presentation by the Chief Risk Officer to the Senior Risk and Capital Committee and the Board
Research, develop and maintain risk metrics and key risk indicators for operational risk exposures, including data collection and management processes that facilitate the detection and analysis of trends
Develop and maintain processes for risk event monitoring and reporting, including a data management framework that facilitates the detection and analysis of trends
Research, develop and maintain risk quantification tools for operational risk exposures
Complete annual risk quantifications for operational risks, updating assumptions and scenarios in response to emerging trends, company growth, and changes in the company’s business model
Identify opportunities for improved risk monitoring processes and reporting based on analysis of risk indicator and risk event data, review of emerging risk management practices, and consultation with risk management colleagues and management
Collaborate with risk management colleagues and other staff to maintain procedures and tools to support risk management frameworks
Act as a subject matter expert, providing direction to staff on risk management processes and procedures
Manage and lead initiatives to develop procedures and tools to support new risk management policies and guidelines that may be introduced to address emerging company needs and regulatory expectations
Maintain and manage the Risk Management SharePoint sites and Teams channels, ensuring they remain current and user friendly
Prepare and maintain process and user documentation for risk monitoring and reporting tools and processes
Manage and ensure successful implementation of risk monitoring and reporting improvements, including engaging with lines of business, corporate functions, and other oversight functions as required
Act on behalf of the team as a subject matter expert for projects that may require changes to risk monitoring data or risk management procedures and tools
Act as project manager for risk management initiatives that require coordination across multiple lines of business or corporate functions. Includes scheduling, progress tracking and reporting, and issue tracking/escalation.
What you will bring:
Degree, diploma, or equivalent combination of education and experience in finance, risk management, or related analytical field.
Minimum 3-5 years experience in the financial services industry, preferably in risk management, compliance, or related field.
Knowledge of operational risk management practices would be an asset.
Advanced knowledge of Excel, Power BI, or other spreadsheet / data management software.
Strong knowledge of other Microsoft 365 applications (e.g. Word, PowerPoint, Teams, SharePoint).
Ability to develop reliable, accurate and meaningful reports and data visualizations for senior leaders.
Strong analytical and problem-solving skills, including ability to perform ad hoc data analysis.
Demonstrated initiative in proactively identifying areas of improvement and acting on those opportunities before being asked while considering the overall impact.
Excellent verbal and written communication skills.
Strong organizational skills with ability to manage competing priorities.
Experience collaborating and coordinating across cross-functional teams.
What’s in it for you:
A workplace where care, passion, and curiosity aren’t just values, they’re how we work, grow, and succeed together every day.
A healthy work-life balance with employee wellness top of mind
Annual bonus program, annual vacation allowance, and company-paid benefits program
Generous vacation package with one volunteer day to give back to a charity of your choice
Immediate enrollment in the company’s pension program with employer matching
Employee resource groups that support an inclusive work environment
Tuition support and specialized program assistance
An onsite full-service cafeteria with a variety of daily options
Discounts on company products and services, and access to exclusive employee perks
Regular EQ Together events focused on company togetherness and collaboration
As part of the recruitment/offer process you will be required to:
Provide two professional references (minimum one supervisor and above)
This position is available due to an existing vacancy.
We are dedicated to inclusive and accessible hiring practices. If you require accommodations or alternative formats, please contact us at careers@equitable.ca.
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