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Senior Analyst, Operational Risk Management
EQ Bank | Canada's Challenger Bank
Toronto, ON
- Full-time
The Senior Analyst, Operational Risk Management supports the Bank's Operational Risk Management framework by identifying, assessing, monitoring, and reporting non-financial risks. The role…
Added 2 hours ago
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EQ Bank | Canada's Challenger Bank
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EQ Bank | Canada's Challenger Bank

Senior Analyst, Third Party Risk

Toronto, ON, Canada

Full-time

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Job details

Job type: Full-time
Posting language: English
Posted: Oct 28, 2026

Original job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!

The Work

The Senior Analyst Third Party Risk Management provides support in the development of operational risk standards, tools, processes, and systems, and in the execution of oversight and reporting of operational risk management practices across the organization. The primary focus of this role is to support second line of defense third party risk management activities within the Operational Risk Management department.

\nThe Core Responsibilities

Operational Risk Management

Contribute to the third party onboarding due diligence assessments, compile results, and draft reports

Support the maintenance and management of the third party risk supporting systems, tools, dashboards, teams communication sites and shared mailboxes

Assist in data quality reviews to ensure the accuracy, reliability and completeness of data and apply best practices for data capture and maintenance

Responsible for tracking action plans based on outcomes of due diligence, calibration activities, monitoring, incidents, and transition provisions and reporting status

Maintain third party risk management internal standards, including timely resolution of internal and external issues and engagement with key stakeholders.

Engage with and assist Directors and Managers on the Operational Risk Management team on third party and operational risk strategic projects, risk activities and undertaking development activities, as required.

Work with business units and departments to assist with their overall third party risk management obligations.

Support the creation and implementation of third party risk reporting including maintaining monthly/quarterly/ad-hoc risk reporting on key risk indicators, and operational risk levels and developing analytics.

Contribute to the development, administration and maintenance of the Bank’s third party risk management system, ensuring risk data populated is timely, accurate and consistently applied.

Risk Governance & Oversight

Research and provide in depth analysis and guidance on third party and operational risk industry standards and best practices.

Create and maintain third party and operational risk management guidelines, manuals and tools.

Business Advisory

Assist in the awareness, understanding, communication and training of third party and operational risk procedures.

Risk Reporting

Support regularly scheduled and ad-hoc third party risk reporting and analytics to Support Senior Management reporting.

Let's Talk About You

Completion of a post-secondary education program in the business field, complemented with enrollment in a relevant professional designation program.

3+ years of relevant risk management experience in operational risk and controls, preferably gained through working in front office, risk management, consulting role in financial industry, Audit, Compliance or Operational risk management.

Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.

Proficient written and verbal communication skills including the ability to facilitate meetings and draw insights.

Good organizational, project and time management to efficiently deliver concurrent projects with competing priorities.

Experienced in building reports and managing data quality in order to meet regulatory/legal requirements of Financial Institutions.

Developing knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.

Data analytical skills including proficiencies in Power BI, Excel and / or data reporting tools

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days

🖥 Virtual events to connect with your fellow colleagues

🎓 Professional development and comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger - and our people thrive - when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.

Apply About employer

More about this job

Responsibilities

The Senior Analyst supports second-line third-party risk management by conducting due diligence, maintaining risk systems, and ensuring data quality. They also contribute to risk reporting, governance, and strategic projects while assisting business units with their risk obligations.

Requirements

Candidates must have a post-secondary education in business and at least 3 years of relevant experience in operational risk, compliance, or audit. Proficiency in data tools like Power BI and Excel, along with strong analytical and communication skills, is required.

Skills

Operational risk management
Third party risk management
Due diligence
Risk reporting
Data quality management
Analytical skills
Quantitative skills
Problem-solving
Project management
Power BI
Excel
Regulatory compliance
Risk governance
Stakeholder engagement
Communication skills

Benefits

Competitive discretionary bonus
Market leading RRSP match program
Medical insurance
Dental insurance
Vision insurance
Life insurance
Disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up
Generous vacation policy
Personal days
Virtual events
Professional development program

Visa sponsorship

Not detected in the job text

Keywords

Operational Risk
Third Party Risk Management
Due Diligence
Risk Governance
Data Analytics
Power BI
Excel
Financial Services
FinTech
Compliance
Audit
Risk Reporting
Stakeholder Management
Project Management
Regulatory Requirements
Risk Indicators
Operational Controls
Banking
Risk Assessment
Data Quality

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