Who You Will Work With: The vacant ERM Product Risk, Lead role will report to the Head of Enterprise Risk. This role provides authoritative, independent second-line oversight for the Payments (Debit) products, a designated Prominent Payment System under the Payment Clearing and Settlement Act, ensuring Payments risk is governed within enterprise risk appetite and aligned with Bank of Canada Payment System Oversight (PPS) expectations.
The successful candidate will:
- Ensure risk management practices are embedded and executed across their designated product portfolio, ensuring alignment with enterprise risk frameworks and appetite.
- Serve as the independent second line risk lead, providing challenge, oversight, and thought leadership across all business units.
This role is critical to advancing our risk maturity and ensuring resilience in a rapidly evolving financial ecosystem.
What You Will Do: ERM Product Risk Leadership- Act as the risk lead for assigned product teams, integrating ERM frameworks, controls and requirements into product planning, development, delivery, and change management.
- Perform and oversee risk assessments for assigned products and platforms, including Product/Platform Risk Assessments, Change Initiative Risk Assessments (CIRAs), and Risk & Control Self-Assessments (RCSAs), ensuring alignment with enterprise standards and regulatory expectations.
- Drive risk maturity and alignment with enterprise risk appetite and regulatory expectations.
- Coach and support first line, building risk capability within product teams and fostering a strong risk culture.
- Serve as the second-line risk providing independent challenge and oversight of risk activities across product portfolios all business units
- Review and challenge Risk & Control Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs) as required.
- Monitor fraud KRIs, escalate emerging risks, and ensure compliance with PPS, RPAA and other regulatory requirements.
- Promote a strong risk culture through education and engagement across the enterprise.
Governance & Executive Engagement- Represent 2ndl line risk oversight at governance forums and Product Councils.
- Deliver executive-level reporting and Board insights, translating complex risk concepts into actionable intelligence.
- Foster transparency, accountability, and operational effectiveness across the organization.
What You Bring: - 10+ years of progressive experience in fraud risk management, ERM, or related disciplines within financial services or payments.
- Expertise in second-line risk functions, including independent challenge and oversight.
- Advanced knowledge of fraud risk management, including emerging threats and AI-driven fraud detection.
- Strong understanding of ERM principles, risk appetite, control frameworks, RCSAs, CIRAs, and the Three Lines of Defense model.
- Experience integrating risk practices into agile product development and change management.
- Exceptional communication skills for executive and Board-level engagement.
- Professional designations such as CFE, CAMS, CRMP, CRISC, ISO 27005 are considered asset
- Eligibility to work for Interac Corp. in Canada in a full-time capacity.
What We're Offering: The hiring range for this position is $130,000-$145,000, and you will also be eligible for our short-term incentive plan. The exact amount will depend on factors such as skills, experience, and job-related knowledge, but Interac's commitment goes beyond compensation. Our Total Rewards package is designed to support your well-being and future, and includes:
- Generous vacation and wellness days to help you recharge
- Comprehensive employer-paid benefits coverage for peace of mind
- Market-leading employer-funded RRSP program to invest in your future
- Flexible hybrid work model for better work-life balance
- Access to a free and confidential 24/7 employee & family assistance program to offer support for you and your immediate family
- Pregnancy and parental leave top-up to support growing families
- Charitable donation matching with United Way to amplify your impact
Additional Pre-Employment Requirements:To ensure the integrity of our organization, successful candidates will be required to complete background checks, which may include, Canadian Criminal Credit Check, Canadian ID Cross-Check, Public Safety Verification, 5-year Employment Verification, Education Verification, Credit Check, and Social Media Check.
