Enterprise Risk Specialist

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Location: London, ON

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $3.1 billion in assets and growing. As Canada’s most innovative Bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. For more information on VersaBank, please visit our website at This position would be either in-office at our Fullarton Street, London, Ontario office or a hybrid of remote and in-office.

The Enterprise Risk Specialist will work closely with the Chief Risk Officer to strengthen the second line of defense program to mitigate key financial risks to the Bank.


•Responsible for the development, implementation and strategy of the financial risk management program at the Bank
•Interface with senior leaders on financial risk issues, including credit, liquidity, model, operational and market risk.
•Independently review and challenge the identification, measurement, monitoring and reporting of key financial risks across the company.
•Support completion of risk assessments by risk owners, maintain a risk register for financial risks and follow-up on mitigation actions.
•Conduct risk reviews of processes, activities, products and services to ensure compliance with policies and alignment with the Bank’s risk appetite.
•Support and identify opportunities to improve the Bank’s annual Internal Capital Adequacy Assessment Process, including review and validation of stress test scenarios and models, along with their related assumptions, methodologies and results.
•Research and communicate trends and best practices in risk management
•Support and identify opportunities to improve and maintain the Bank’s Recovery Plan and Business Continuity Plan
•Provide support to the first line of defense in preparing for regulatory reviews and/or audits

The Ideal Candidate:

•Bachelor’s and/or Master’s degree in Finance, Economics or associate field
•Certification as a Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) is a definite asset
•At least 5 years’ risk management experience, ideally in an OSFI-regulated financial institution
•Industry knowledge in financial services, with experience in credit, liquidity and market risk management recommended
•Experience with risk assessments, stress testing, model validation and ICAAP a definite asset
•Advanced analytical skills, problem solving and project management skills with the ability to clearly communicate detailed information verbally and in writing
•Self-motivated and willing to ask probing questions and have knowledge of how to develop dynamic dashboards and other reporting that can be used by senior management to understand data and trends.

We offer excellent career advancement opportunities, an informal, positive work environment and a very competitive compensation package that includes base salary, an outstanding benefits package, tuition refund program, pension supplement, fitness club membership and participation in an attractive incentive award program.

If working for a non-traditional bank with an entrepreneurial flair appeals to you, we encourage you to apply in confidence with your resume and cover letter as soon as possible to [email protected]

Please be advised that only those applicants selected for an interview will be contacted.