Job Description

Please note:

• Current work authorization for Canada is required for all openings.
• This is a regular, full-time role.
• You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.
• The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.

Who We Are

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years.  We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients.  As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future. 

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.

What You'll Do

The Business Risk Analyst Sr will take the lead in supporting the designated business unit executive leader in the execution of operational risk management program requirements and proactively identify opportunities and propose solutions to enhance risk management practices, and advocate and drive a risk aware culture for the assigned business unit. The Operational/Business Risk Analyst will report to the Manager, Risk Management and will support the designated senior executive on the status of risk program requirements and escalation of issues/findings. If you are looking for a dynamic opportunity to make an impact, this role is for you!

How You’ll Make an Impact

Risk Program Implementation and Maintenance

• Supports assigned business units on a day-to-day basis to identify, monitors and evaluates risk. Independently provides guidance and oversees the completion of risk program requirements.
• Ability to identify potential areas which can benefit from a deep-dive risk assessment
• Lead and independently challenge risk events/issues to understand root cause, impact and remediation plans/actions
• Drive Business Units’ compliance with EUC and Model risk assessment frameworks to ensure policy adherence
• Drive the development of the business units risk profile, risk appetite and metrics
• Develop and monitor processes to ensure completion of action plans and risk acceptance decisions

Risk and Control Self Assessments (RCSAs)

• Supports and provides guidance to ensure all business units have formalized and robust RCSAs. This includes assessing control environment and assisting business units to identify gaps and ensuring appropriate mitigation.
• Plan RCSA scope coverage, assists business units in the completion of RCSA and provides thorough review and effective challenge
• Perform process walkthroughs with business unit and document key risks and controls using best practices
• Utilize internal systems to accurately capture RCSA results and associated action plans

Control Testing

• Independently executes and coordinates control testing activities for the assigned business units. This includes assessing control design and operating effectiveness.
• Oversee control testing scope coverage and executes testing for the assigned business units within the given timeframe
• Work with stakeholders to proactively identify opportunities to make control testing more effective
• Lead process walkthroughs with business unit, conducts independent control testing and documents the control environment and testing result
• Identify opportunities for improvement and remediation by discussing findings with business,

Deep Dive Risk Assessment

• Conducts deep-dive risk assessments for high-risk areas and critical functions.
• Proactively identify potential areas which can benefit from a deep-dive risk assessment by working closely with business and conducting thorough analysis
• Executes deep dive risk assessments scope coverage
• Identify opportunities for improvement and remediation by discussing findings with business, and recommend appropriate solutions

Reporting

• Consolidates risk information, summarizes issues, analyzes trends and provides regular reporting to senior management and 2nd line risk.
• Develop program-based reporting to provide status update, issues, KPIs, and action plans for the respective business area and continuously enhance reporting for the assigned business units
• Report risk program results and findings to senior management using digitalization and visualization
• Provide policy and program adherence updates to 2nd line risk

Risk Culture and Training

• Consolidates risk information, summarizes issues, analyzes trends and provides regular reporting to senior management and 2nd line risk.
• Develop materials to provide customized training for assigned business units to improve understanding of risk management program requirements and enhance risk culture
• Promote strong risk management practices and principles across the business unit
• Provide training and oversees risk event escalation and investigation requirements

What We’re Looking For

• 3+ years of relevant risk/operational risk experience required.
• Experience with IT/Audit Risk is an asset
• Experience in financial services industry is an asset
• Experience in gathering, documenting and analyzing business processes
• Proficiency in data analytics techniques and relevant data analysis experience
• Strong analytical, critical thinking, and proactive problem management skills.
• Completion of a University degree required, or equivalent work experience.

What You’ll Bring

• Strong analytical, critical thinking, and proactive problem management skills.
• Ability to take initiative, work independently and handle multiple tasks.
• Ability to build strong relationships and influence senior stakeholders.
• Strong interpersonal skills to build effective relationships
• Excellent time management skills with the ability to work under tight deadlines.
• Team player who works constructively with others to achieve team goals

Total Rewards That Reflect Your Impact

We believe exceptional work deserves exceptional recognition. That’s why we offer a competitive compensation package designed to support your success today—and your financial well-being tomorrow.

For this role, your total rewards include:

•             Base Salary and Discretionary Performance Bonus: Total annual cash compensation (base salary pus target bonus) ranges from $99,000 to $129,000, based on your experience and qualifications.

•             RRSP Contribution: After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required.

We’re proud to offer a compensation package that aligns with provincial pay transparency requirements.

This posting represents an existing vacancy within our organization—an opportunity to step into a role where your talents will make a meaningful difference.

We use AI-enabled LinkedIn Hiring Assistant to support parts of our sourcing process. Every hiring decision is reviewed and finalized by our recruiters. If you choose to ask questions to the LinkedIn HR Hiring Assistant, please be mindful that the responses are not official and must be confirmed for accuracy and completeness by Fidelity.  If you are selected for an interview, the recruiter who contacts you can best answer your questions.

Some of the ways we’ll help you feel valued and supported as part of our team:

• Flexible working arrangements - 100% remote, hybrid, and in office options
• Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you
• Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $6000 annually for mental health services and therapy
• Parental leave top-up to 100% of your salary for a period of 25 weeks
• Up to $650 for home office equipment
• Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice
• Diversity and inclusion programs, including an active network of Employee Resource Groups
• Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation 

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [email protected].

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity?

We are proud to be recipients of the following:

Awards

•    Canada's Top 100 Employers 
o    Greater Toronto's Top Employers 
o    Canada's Top Family-Friendly Employers 
o    Canada's Top Employers for Young People 
  
•    Great Place To Work® Certified 
o    Best Workplaces for Inclusion 
o    Best Workplaces for Mental Wellness 
o    Best Workplaces for Today's Youth 
o    Best Workplaces for Women 
o    Best Workplaces in Financial Services & Insurance 
o    Best Workplaces in Ontario 
o    Best Workplaces with Most Trusted Executive Teams 

•    LinkedIn Top Companies in Canada
  
•    Human Resource Director (HRD) - Best Place To Work 
o    HRD - 5-Star Benefit Program 
o    HRD - 5-Star Diversity & Inclusion Employer 

Designations
•    Canadian Compassionate Companies – Certified 
•    Benefits Canada's Workplace Benefits Award - Future of Work Strategy 
•    TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting 
•    Canadian HR Reporter's Most Innovative HR Team