Risk Reporting Analyst

Job Type: Full-Time

Vacancy Status: This posting is for an existing vacancy 

Target Salary Range: $69,000- $80,000

The compensation for this position is determined by a combination of skills, experience and is aligned to the market in which the job is posted. Your recruiter will provide additional details about our total rewards package during the hiring process.

Scope of Position

The Risk Reporting Analyst is an experienced professional providing data analytics support to the Alterna Savings Risk Management Department. This role will involve an understanding of the Risk Management department’s needs, requirements and the timely analysis and delivery of reports to Management Committees, the Executive Leadership Team, the Board of Directors, and Regulators. They demonstrate excellent critical thinking skills to help management in solving business problems and taking appropriate actions.

Major Responsibilities

• Create and maintain reports and dashboards that provide management with actionable insights and tools to develop business strategies


• Utilize Excel skills to extract, validate, and process transactional, customer and product data, to meet regular reporting requirements as well as ad hoc requests


• Collect and analyze data, with due consideration for the influence of missing information, outliers, and extraneous variables


• Employ statistical tools to spot patterns and emerging trends, and establish correlations


• Monitor and highlight breaches in Risk Appetite Framework metrics as part of ongoing monthly reporting


• Monitor and highlight notable changes in Risk Management KPIs and KRIs


• Help maintain Risk Management department’s databases and perform updates as necessary to ensure data accuracy and integrity


• Regularly examine data sets to locate and resolve errors


• Assist team members in estimating impact of adverse events


• Assist in creation and validation of risk management reports including regulatory reports as well as retail and commercial portfolio reporting


• Draft PowerPoint presentations for management


• Format and proofread reports for consistency and data errors


• Communicate the results of data analysis in written and verbal form to managers


• Document procedures appropriate for both technical and non-technical audiences


• Build and maintain close working relationships with subject matter experts to ensure understanding of business requirements


• Work with other business and data analysts towards a goal of implementing best practices across the organization


• Support various departments in meeting their requirements as needed

Expectations / Outcomes

• Develop and maintain clear and easy to digest reports and dashboards from various data sources successfully


• Implementation of best reporting practices


• Timely collection and processing of data from multiple sources and ensuring these are free of errors


• Proper maintenance of Risk Management department’s data sets


• Help Risk Management improve efficiencies and increase productivity

Qualifications

• University degree/diploma in finance, econometrics, statistics, or related field; or equivalent working experience in business and/or reporting analysis


• 4 years experience as a reporting analyst in a similar role and capacity


• Experience working in a financial institution


• Knowledge of products and services offered by financial institutions including mortgages, term loans, investments, deposits, etc.


• Knowledge of suitable data analytics processes


• General knowledge of business operations, objectives, strategies, processes, and information flow


• Experience in the creation, development, and writing of technical and training procedures

Key Skills and Competencies

• Good working knowledge of Microsoft Office Suite


• Ability to use Microsoft Excel to search, extract and clean up data as well as to create and format dynamic tables and charts


• Ability to use Microsoft PowerPoint to create and format presentations


• Analytical skills that allow for the development of data-driven reports


• Ability to write clear, concise and to the point reports


• Ability to communicate effectively (verbally and written) and present recommendations for approval


• Attention to detail


• Ability to think creatively and a willingness to pursue previously untried solutions


• Ability to multitask and adapt to shifting/changing priorities


• Ability to deal effectively with people, work under pressure, and meet deadlines


• Good organizational and time management skills as well as facilitation skills


• Proven team player with a commitment to excellence and continuous improvement

About Alterna Savings  

Alterna Savings and Credit Union Limited (Alterna) has delivered The Good in Banking® for over 115 years creating financial services that transform lives for the better, all while giving back to our community. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.

Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 210,000 members through a network comprised of 40 branches across Ontario, a call centre and multiple digital channels. Members and customers also benefit from an industry-leading online brokerage and investment management services. 

To learn more about Alterna Savings, please visit  alterna.ca ,  X ,  Facebook ,  Instagram , or  LinkedIn . 

Working at Alterna  

We are incredibly proud of our corporate culture, embodying our core values: Collaboration, Integrity, and Respect, where everyone works together towards a common goal; the financial wellbeing of our employees, members, and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for nine consecutive years.

* We appreciate all applicants; however, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above. 

* Alterna is compliant with the Ontarians with Disabilities Act and our team strives to provide an accessible accommodation experience. If you have a disability and require accommodations during the recruitment process, please contact our Recruitment Team and let us know how we can accommodate you. 

* Alterna does not currently use Artificial Intelligence (AI) to screen, assess, or select applicants