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Operational Risk Manager Jobs in British Columbia

Operations Specialist VCIM

Vancouver, BC · Hybrid

CA$76K - CA$94K/yr

... operational risk while supporting business growth. This role is ideal for a detail-oriented investment operations professional with strong operational, technical, and workflow management skills who ...

... operational risk * Experience with Bloomberg, SWIFT, and payment applications is an asset ... Acts as a 'change manager' guiding the team through changes to business processes arising from ...

New

DevOps Engineering Manager

Vancouver, BC · Hybrid

CA$125K - CA$169K/yr

... operational risk and accelerate value for our members and communities. This is a Full-time role ... technical management role. * Strong hands-on experience with Azure/Azure DevOps and pipelines ...

Plan and execute risk-based branch reviews of RBC Wealth Management locations across Canada. * Assess the effectiveness of regulatory compliance, supervisory practices, operational controls, and ...

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Operational Risk Manager information

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

What are the 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and certifications like FRM or ORM enhancing earning potential.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

What are the three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

What are the key skills and qualifications needed to thrive as an Operational Risk Manager, and why are they important?

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What is the difference between Operational Risk Manager vs Risk Analyst?

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

What are popular job titles related to Operational Risk Manager jobs in British Columbia? For Operational Risk Manager jobs in British Columbia, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in British Columbia look for? The top searched job categories for Operational Risk Manager jobs in British Columbia are:

Operations Specialist VCIM

Vancity

Vancouver, BC • Hybrid

CA$76K - CA$94K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 5 days ago


Job description

About Vancity Investment Management 
Vancity Investment Management (VCIM) is a rapidly growing leader in Responsible Investing with $4 billion in assets under management. We offer retail and institutional clients an active, integrated investment process that utilizes shareholder engagement and incorporates Environmental, Social and Governance (ESG) analysis and traditional financial analysis in the construction and management of investment portfolios.
Your Role in Supporting Our Members: 

As an Operations Specialist, VCIM, you will work closely with members of the Trading and Operations team to perform dealer functions that support VCIM’s portfolio management business. You will operate and maintain technology platforms, engage with vendors and strategic partners, and help mitigate operational risk while supporting business growth. This role is ideal for a detail-oriented investment operations professional with strong operational, technical, and workflow management skills who is passionate about process optimization, continuous improvement, and delivering high-quality work in a collaborative environment.

This is a Full-time, Permanent role based at the Vancity head office and will report directly to the Head of Trading and Operations. While this position provides a hybrid work arrangement, you will be expected to be on-site for events and business demands.
How You'll Make an Impact: 

  • Operating and maintaining portfolio management systems and custody platforms that support recurring business workflows  
  • Executing recurring operational processes including reconciliations, account opening and maintenance, cash management, centralized rebalancing, post-trade processing, billing, tax cycles, and audit support  
  • Documenting, implementing, and continuously improving operational workflows and processes to support portfolio management activities and strategic objectives  
  • Maintaining relationships with strategic system vendors to support dealer functions and resolve dealer-related issues raised by member-facing teams  
  • Participating in projects and initiatives involving multi-disciplinary teams across the organization  


What You’ll Bring to the Team:
 

  • An undergraduate degree in Business Administration, Finance, or a related field  
  • 3–5 years of experience in back and middle office operations at a portfolio manager or dealer, preferably in a multi-custodian environment  
  • Experience working with portfolio management software  
  • Proven ability to manage competing priorities and deadlines in a fast-paced, team-based environment  
  • Strong relationship management and communication skills  
  • Working knowledge of the rules, regulations, policies, and procedures governing investment operations and dealer activities 

 
Extra Skills That Set You Apart:  

  • Experience supporting ESG or responsible investment operations 
  • Exposure to transformational investment operations projects 
  • Experience contributing to process automation or system enhancements 


You’ll Thrive Here If You Are:
 

  • A decisive problem solver – You assess issues quickly, develop practical solutions, and consider risk and impact thoughtfully.  
  • An excellent communicator – You clearly explain complex operational concepts and collaborate effectively with diverse partners.  
  • A self-starter and organized planner – You manage competing priorities with structure, accountability, and initiative. 
  • Detail-oriented and reliable – You take pride in accuracy and follow-through in critical operational processes. 

 
We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed. 
What You’ll Earn: 

This role offers a salary range of$76,500 to $94,500 per annum. The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.
Why You’ll Love Working Here: 

A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive: 

  • Living Wage Employer: We’re the largest private-sector Living Wage Employer in Canada and consistently ranked among Canada’s Top Employers. 
  • Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs. 
  • Generous Vacation: New employees start with 3-4 weeks of vacation per year, with additional days earned over time. 
  • Extra Stat Holidays: In addition to BC’s 11 statutory holidays, we offer 2 extra days, plus care days for personal or family illness. 
  • Immediate Health Coverage: Health and dental benefits begin on your hire date, with three levels of coverage to choose from. 
  • Defined Benefit Pension: Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone. 

 
Vancity Talent Programs: 

Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous, Black, or Trans. With special permission from the BC Human Rights Commissioner, this initiative provides access to career development opportunities, prioritized job screening, and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative, in line with the BC Personal Information Protection Act (PIPA). For details, please see our dedicated Talent Programs job posting. 

At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience. 

We are also committed to an inclusive, barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage), we encourage you to let us know by contacting our Talent Acquisition team at recruitment@vancity.com. We’re here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality, so you can participate fully in the process.