Associate Manager, Risk and Operations

EQ Bank | Equitable Bank

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Toronto hybrid Until 8/23/2026 3+ years exp First posted June 17, 2026 Last posted June 17, 2026
Job description
Purpose of the Job:
The Associate Manager, Risk and Operations, supports the execution of risk management, operational processes and product-related activities within the Reverse Mortgage team reporting directly to the Senior Manager, Risk and Operations. The role focuses on implementing established procedures, supporting day-to-day operations, and contributing to risk monitoring and continuous improvement initiatives.
 
The Associate Manager works closely with cross-functional partners (Credit Risk, Operational Risk, Legal and Compliance, and Strategy) to ensure adherence to policies, regulatory requirements, and internal standards, while supporting efficient and consistent delivery of business operations. 

Main Responsibilities:

    Team and Operational Support:
    • Support day-to-day team operations, including daily tasks, monthly and quarterly reporting
    • Support in the development of risk strategy for the reverse mortgage business, including 
    forecasting, key insights, recommendations and planning
    • Drive projects and initiatives with internal stakeholders, often independently, and operate 
    within our risk appetite, regulatory guardrails and internal policies
    • Support all testing, including UAT and BVT support for changes


    Risk, Controls and Regulatory support:
    • Support the implementation and execution of risk and control frameworks within the business 
    unit
    • Identify operational risks, control gaps or weaknesses and process inefficiencies
    • Participate in root cause analysis and support development of mitigation actions
    • Maintain documentation of processes, controls, and standard operating procedures.
    • Support AML, fraud, privacy and regulatory assessments as required
    • Assist in regulatory change management activities, including testing and documentation

    Credit and Portfolio Monitoring:
    • Assist in monitoring portfolio trends, including exceptions trends, Key Risk Indicators, and 
    default
    • Prepare periodic reports and dashboards to support decision-making
    • Escalate emerging risks or unusual trends to management
    • Support regulatory activities such as reporting, re-appraisal process, and portfolio monitorin

Knowledge/Skill Requirements: 

    • A University degree in Business/Finance preferred
    • A minimum of five years’ experience in a Canadian financial institution.
    • A minimum of three to five years in a related role pertaining to residential mortgage or reverse 
    mortgage origination (underwriting and operational). 
    • Sound understanding of banking products in Canada
    • Understanding of the related regulatory requirements (OSFII B20, AML/ATF)
    • PC skills including Microsoft Outlook, Word, Excel, Power Point, related applications and other 
    software applications used within the organization.
    • Excellent organizational skills and ability to complete responsibilities in a busy and time-sensitive 
    environment. 
    • Strong analytical skills.
    • Strong verbal and written communication skills.
About this role

Summary

Support risk, operational processes, and regulatory compliance in mortgage business.

Job title

Associate Manager, Risk and Operations

Experience level

3-5 years

Minimum experience

3+ years exp

Industry

financial services

Location requirements

Toronto, on-site only

Salary

Not specified

Management role

No

Skills & keywords

Required skills

risk managementregulatory complianceMicrosoft Excelanalytical skillscommunication

Preferred skills

Mortgage originationAML/ATFmonitoring reports

Specializations

risk managementmortgageregulatory complianceportfolio monitoring
Locations

Structured locations inferred from the posting.

Toronto, ON, Canada

On-site City