Risk Specialist Sr, Model Risk (Contract until April 2027)

Job Description
Current work authorization for Canada is required for all openings.
You will be working on a 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.
Please note this is a contract role ending April 26, 2027.
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 We Do
Reporting to the Manager, Risk Management, the Risk Specialist, Sr conducts ongoing monitoring/oversight, provides regular detailed reporting on the status of risk programs, consult, and provides independent challenge on control effectiveness. This role provides analysis, monitoring, and challenge to identify areas for improvement and remediation by business units to support a sound operational environment.
How You’ll Make an Impact
Program Monitoring, Oversight, and Reporting
Effectively maintain Risk Management Programs on a day-to-day basis to identify, monitor and assess risk. Programs include but are not limited to Model Risk Management, AI Risk, Change/Project Risk Management, End User Computing, and Ad-hoc Risk Assessment.
Define, implement, and maintain the organizational Model risk framework to assess model risk and complexity and drive additional risk control activities
Ensure programs are consistently assessed; Program policy, guidelines, and internal procedures documents are kept up to date and relevant.
Issues encountered during real-time monitoring or through formal reviews are escalated appropriately and effectively to the Manager, Risk Management.
Ensure program reporting is kept current and distributed to key stakeholders.
Areas for improvement and remediation are identified and consensus built on recommended solutions.
Independently challenge the status quo in a respectful manner.
Provide awareness and promote strong risk management practices and principles across the organization through effective communication and training to ensure risk management programs are understood.
Training and Risk Culture
Provide awareness and promote strong risk management practices and principles across the organization through effective communication of Polices and Programs.
Develop, maintain, and deliver effective training on risk Programs and Policies to FIC employees through a variety of mediums including online and face-to-face so that policies are understood, and that employees are equipped to recognize and escalate knowledge of material risk.
Promotes awareness to ensure that business understand their roles and responsibilities
Advocate for a strong risk culture and drive change
Project Risk, Policies and Procedures
Participate in complex or highly critical projects to ensure risks are appropriately identified, assessed, and challenged.
Ensures all stakeholders are appropriately trained on the project risk framework and requirements, risk concepts including risk identification, assessment, and action planning.
Verifies adherence to risk framework, ensures required risk control activities are completed and operating effectively
Consistently advocates for strong risk management principles and builds trusted relationships with all stakeholders
Actively participates in project meetings and supports, challenges, and identifies critical/material project implementation/delivery and BAU risks
Ensures accountability of stakeholders and actively asks questions and challenges the status quo
Proactively questions and assesses project risks and provides effective challenge
Evaluates identified risks in collaboration with risk owners and proposed response plans
Participates actively in post implementation lessons learnt and continuous improvement discussions
Ad-hoc Risk Assessments
As required, conduct ad-hoc risk assessments for high-risk processes and critical projects or business functions
Assess new and/or changes to operational processes including process mapping, risk and control documentation and evaluation and action planning
Provide value-add recommendations to stakeholders for operational readiness decisions
Ensures material residual risks are identified, action plans are identified and are robust
What We’re Looking For
Completion of a University degree or equivalent work experience
3+ years of relevant risk experience
· Model Risk Management experience is an asset
· Familiarity with standards and frameworks like ISO/IEC 42001, Artificial Intelligence - Management System (ISO 42001) and the NIST AI Risk Management Framework (RMF) is an asset.
· Machine Learning/ Technology /Agile Risk Management experience is a nice to have
What You Will Bring
Ability to work in a fast-paced environment to defined deadlines
Strong analytical skills, problem-solving ability and attention to detail
Good communication skills, ability to engage with individuals at all levels
Capable of assimilating complex material, and to identify and discuss complicated concepts
Able to work on own initiative and develop practical solutions under pressure
Good knowledge of risk management processes and procedures
Knowledge of financial services products, processes, and industry is an asset
Some of the ways we’ll help you feel valued and supported as part of our team:
Flexible working arrangements that vary based on role requirements
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
We care a lot about fostering a compassionate, people-centric culture, and are proud to have been named one of Canada’s Top 100 employers for the last five years.
We use AI-enabled LinkedIn Hiring Assistant to support parts of our sourcing process as well as an AI screening tool that assists in screening and assessing applications. 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.
This posting represents an existing vacancy within our organization—an opportunity to step into a role where your talents will make a meaningful difference.
Competitive Pay for Specialized Talent
This contract role offers a flexible, hourly compensation model that reflects your expertise and the value you bring. The hourly rate ranges from $46.00 to $68.00, based on experience and qualifications.
We offer market-aligned rates that recognize the specialized skills and agility required for this role.
We’re proud to offer a compensation package that aligns with provincial pay transparency requirements.
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