Our client is the Canadian Branch of a full stack global bank. The group has more than 130 offices spread across 40 offices worldwide. The North American division offers a range of commercial and investment banking services to its corporate and institutional clients. We have partnered with the bank to work on a net new role, Executive Director, Enterprise Risk Management.
As head of the Enterprise Risk Management function for the Canada Branch, this position will be responsible for dissecting, adapting, and implementing ERM policy from the North American division into the local branch’s framework. The Head will also update and create risk models to measure and monitor potential loss across different types of risks. Based on model results and understanding of business strategy, establish thresholds, at-risk levels and exposure limits by product and business. Work with business and management, adjust thresholds for market conditions and client behaviors & fine tune models and thresholds as necessary.
Create risk models to measure and monitor potential loss across different types of risks (credit, market, liquidity, operational) and sub-components of those risks (concentration, company / industry / sovereign default probabilities, yield, convexity, duration, and FX, liquidity, cyber, business reliance on vendors, etc.). Based on model results as well as understanding of branch’s business strategy, establish thresholds, at-risk levels and exposure limits by product and business. Working with business management, adjust thresholds for market conditions and client behaviors. Tune models and thresholds. Monitor position reporting to measure risk across units and as an entity. Assist in rebalancing of positions to optimize risk / reward. Translate risk targets and thresholds into operating policies and procedures including regulatory requirements and qualitative risks. Work with business unit to optimize risk / return, remediate and avoid exceptions and identify root causes of non- compliance and variances to expected performance. Evaluate new products and customer classes to ensure adherence to thresholds at risk levels, exposure limits, policies and procedures. Identify necessary changes to both risk models and operating procedures taking into account internal, industry and regulatory best practice and adopt Americas Division policies in a practical manner and implement in a timely way. Rationalize and optimize both transaction level controls and policies.
Builds and maintains close relationships with internal customers to discuss current and future business challenges, showing awareness of all the Bank’s, making cross-business introductions as appropriate to provide solutions that meet required needs. Provides timely response to customer opportunities and adapts solutions to new requirements. Ensures that the team manages customer expectations externally and internally; sets realistic timelines and encourages a “right-first-time” culture. Ensures external and internal reports from the team add meaningful value and provide future-proofed analysis to inform decisions and solutions.
Engages regularly with key stakeholders to understand and deliver on their business priorities. Builds a high-performing team, focused on critical activities that have a positive commercial impact, that is recognized for its contribution to the performance of the department and region. Provides a roadmap for the team, setting timely and clearly defined objectives aligned with the business priorities. Monitors work and raises problems in time to find solutions. Responds promptly to feedback. Instills culture of driving results for the whole Branch.
Manages with impact and energy, modeling company values. Assesses skills, addresses performance issues, delegates effectively, and finds opportunities for the development of team members. Actively encourages and supports the development of others. Engages, lobbies, and influences effectively, paying attention to organizational politics and adapting their approach according to the audience. Translates the departmental vision into a clear direction for the team. Maintains understanding with the team through ongoing communication and dialogue. Looks for cross-departmental training and collaboration opportunities.
Understands the underlying risks and issues affecting team performance; uses commercial judgment and expertise to assess opportunities. Ensures their team balances caution and over- confidence in decision-making. Manages the development and operations of the team, ensuring ‘due diligence’ and compliance procedures are conducted in line with agreed controls and regulatory requirements. Implements robust measures to monitor risk and automate risk management and compliance processes within their functional team. Promotes compliance training for team and integrates the learning and requirements across team processes. Ensures adherence to policies and procedures.
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Research and Operations Specialist
Katie enjoys being part of the Research and Operations division at Thorek/Scott and Partners. Katie utilizes her skills in research, project and data management to support the recruiting efforts of the Thorek/Scott and Partners team. She enjoys working in the positive team atmosphere that Thorek/Scott and Partners offers.
After completing her Master’s in Geography at the University of Toronto, Katie worked in consulting in the environmental non-profit sector where she conducted policy analysis and delivered workshops on sustainable development. Katie continues to pursue her passions of environmental protection by volunteering with local environmental non-profit organizations.
Manager, Business Operations
Lisa is thrilled to be a part of the team at Thorek/Scott and Partners. Lisa’s deep background in financial services, relationship building, and customer service coupled with her background in operations and support has been instrumental to the firm’s Research and Operations division. Prior to joining Thorek/Scott and Partners, Lisa worked for over 10 years in a large Canadian Bank in front facing, client operational roles. Having worked for large organizations in the past, she is delighted to be part of a close-knit group and enjoys the upbeat office and friendly environment at Thorek/Scott and Partners.
In her free time, Lisa enjoys reading, crafting and spending time with family and friends.
Derek Young joined Thorek/Scott and Partners following a successful tenure with one of the globe’s largest recruitment firms where he specialised in consulting, legal and compliance search across a range of industries including financial & professional services. He is passionate about helping people fulfil their long-term career aspirations. Derek’s personable approach and deep knowledge allows him to develop strong relationships with both his candidates and clients.
After completing his B.Com from the University of Toronto’s Finance program, Derek began his career off as a financial advisor working for two of Canada’s largest wealth managers. These roles taught him the importance of listening to his clients and always putting their goals first. Derek has lived and traveled in Ireland, Europe and Africa. He enjoys playing and watching a variety of sports, and spending time with friends and family.
Lisa is thrilled to join the Thorek/Scott and Partners team and brings 30 years of experience in large public sector organizations. She has held multiple executive leadership positions in the education sector and as CEO was responsible for overseeing all aspects of the organization including Human Resources, Operations, Information Technology, Finance, Capital, and Leadership.
Lisa brings her insight and experience to executive recruitment. She is a highly motivated and goal-oriented professional dedicated to finding high quality talent.
Lisa has worked with multiple stakeholders within the community and at the Provincial level. She has trained senior executives on Strategic Planning and Implementation in Canada and the United States. She has taught Masters’ level courses and College programs. She has authored documents on Strategic Planning, Poverty, Succession Planning and Leadership Development.
She holds a Bachelor of Arts in Psychology, and a Master’s degree in Leadership/Administration. Lisa completed the Executive Leadership programs at Rotman School of Management and the Richard Ivey School of Business as well as earning multiple certificates at the Queens Executive Education Program.
Lisa belongs to several professional organizations including the Professional Women’s Network, Equal Voice and Elevate. In her spare time, she enjoys spending time with family, travelling, and giving back to her community.
Lauren Thorek is proud to be a member of the recruiting team at Thorek/Scott and Partners. Since joining the firm, Lauren has taken an active role in providing the highest levels of service and support to our clients and candidates.
Ethical, passionate and innovative, Lauren builds lasting relationships and strives to create solutions tailored to fit the short-term needs and long-term goals unique to different individuals and organizations. She thrives on challenge and is motivated by exceeding expectations on tough, hard to close searches.
Active in multiple sectors including Real Estate, and Investments and Financial Services, Lauren views success as being a passionate advocate for her candidates and a valued partner to her clients.
Sari Friedman is delighted to be back at Thorek/Scott and Partners. With over 25 years of real estate and finance experience and a passion for people, transitioning into the recruitment industry was a natural fit for Sari.
She brings multiple experiences and synergetic attributes to her role at Thorek/Scott. Having worked as an equity research associate covering real estate and REITs, Sari has a strong understanding of the real estate industry. She holds a real estate license, has actively traded real estate and is a personal investor. Sari’s technical insight combined with her outstanding business acumen, strong negotiation and research skills adds tremendous value to clients and candidates.
Sari is well known for her caring and friendly demeanour. She is passionate about helping people with an emphasis on providing an individualized human experience. She will often go above and beyond when coaching her candidates and clients throughout the recruitment process. Sari takes the time to understand the needs of her clients and candidates and creates long lasting relationships.
Sari graduated from University of Western Ontario majoring in Economics and earned her MBA from the University of Toronto Rotman Management Program. She enjoys spending time with her family and friends, cooking, travelling and camping.
Steven is a CPA who graduated with an honours bachelors degree in business from McMaster University & from Cornell University with an Executive MBA. Before joining Thorek/Scott he spent his career in industry, building large support service teams and also taking an active role in the overall corporate recruitment functions as a VP/CFO. He prides himself as a recruiter who is transparent, a great communicator and gives honest feedback.
Steven is passionate about travelling, having visited over 130 countries, and about his Toronto Maple Leafs.
Faye Thorek is an accomplished executive search consultant with over 40 years of experience in the Canadian recruitment market. Known for her keen insight and compassionate dedication to her work, Faye envisions herself as an advocate for those with whom she conducts business. Over the years, Faye has consulted numerous companies on how to best craft their strategic vision and then taken the lead on executing that mandate. She has spoken on recruitment and search issues to a wide range of audiences.
Outside of the office, Faye is also a committed investor in people. She volunteers with Out of the Cold, Kids.now, and Bereaved Families of Ontario (BFO). She has sat on the Professional Development Steering Committee of the HRPAO. She is a former member of the Board at BFO and the North York Harvest Food Bank.
Having founded Thorek/Scott and Partners over four decades ago, Michael Thorek has been shepherding its growth ever since. Together with his wife, Michael is dedicated to building a business with humanity, innovation, and excellence at its core. A specialist in the recruitment of talent for the Financial Services Industry, Michael has currently turned his interest towards the field of Risk Management, Capital Markets and Database Marketing Analytics. A jack of many trades, Michael is also a father, inventor, scholar and scribe, who possess a keen interest in comparative religions.