Senior Analyst, Enterprise Risk Management - Change Management

Join a pivotal second-line position at the heart of Canada's financial market infrastructure. As a Senior Analyst, Enterprise Risk Management - Change Management, you will support the delivery of the Enterprise Risk Management (ERM) and Operational Resilience programs across the Canadian Depository for Securities (CDS)-Canada's central securities depository, clearing, and settlement hub-and the Canadian Derivatives Clearing Corporation (CDCC)-the national central counterparty for exchange-traded and over-the-counter derivatives-collectively known as "TMX Post-Trade." You will play a key role in identifying, assessing, monitoring, and reporting on significant non-financial risks, working closely with business lines, process owners, and the Senior Leadership Team. This role primarily focuses on the Enterprise Risk Management program - spanning change-management risk evaluation, risk taxonomy, risk appetite, top-risk identification, quarterly reporting, and enterprise-wide training - and provides independent second-line oversight of the non-financial risks and controls owned by the first line of defence. This role reports to: Manager, Enterprise Risk Management & Non-Financial Resilience Job Location: Hybrid (2-3 days in office) - we are open to candidates being located in one of our Canadian office locations: Toronto or Montreal. Key Accountabilities: Enterprise Risk Management & Governance • Change Management Risk Evaluation (CMRE): support the identification, assessment, and oversight of the risk profile associated with significant changes and projects; monitor first-line adherence to change management procedures; and facilitate post-implementation reviews to capture lessons learned. • Risk Taxonomy: support the maintenance and continued evolution of the Post-Trade risk taxonomy, ensuring consistent and comprehensive classification of non-financial risks across CDS and CDCC. • Risk Appetite Statement: support the periodic review and refresh of the Risk Appetite Statement, including the calibration of appetite metrics and tolerance thresholds, and the monitoring and escalation of breaches. • Top Risk Identification: contribute to the identification, assessment, and monitoring of top and emerging enterprise risks, supporting periodic top-risk reviews with business lines and the Senior Leadership Team. • Incident Reporting: Facilitate the end-to-end incident reporting process, ensuring risk events are accurately documented and escalated promptly. Support root cause analyses and partner with business units to track the implementation of corrective action plans. • Quarterly ERM Reporting: prepare quarterly ERM reporting and materials for the Senior Leadership Team, Risk Management Committee (RMC), and Board, aggregating and analyzing risk data into clear insights, trends, and recommendations. • Enterprise-wide Training Program: support the development and delivery of the enterprise-wide risk training program to embed risk awareness and strengthen risk culture across the first line. Collaborative Opportunities Across ERM Programs While the primary focus is on Enterprise Risk Management, including Change Management and Operational Resilience, there may be opportunities to contribute in a supportive role to initiatives within: • Operational Risk Management (ORM): Support risk assessment and oversight for operational activities. Monitor key risk indicators and analyze operational risk data to identify trends and inform strategic decisions. Contributing to the quarterly RCSA, periodic process-based RCSA (pRCSA), and the monitoring of Key Risk Indicators (KRIs) across TMX Post-Trade. • Third Party Risk Management (TPRM): Support the ongoing execution and maturity of the TPRM program by conducting thorough third-party risk assessments across new business initiatives and BAU, and facilitate continuous program oversight by analyzing risk data to prepare and present comprehensive quarterly reports to senior management. • Cyber Risk Management: Collaborate with the TMX Information Security Office and key stakeholders to maintain a comprehensive view of cyber risks impacting Post-Trade by tracking emerging threats, monitoring incidents, and embedding cybersecurity considerations into broader non-financial risk programs like TPRM. Must haves: • Education: Bachelor's degree in Finance, Business Administration, or a related field (Master's degree preferred). • Experience: Minimum of 3 years of relevant experience in risk management, audit, or compliance functions within financial services or consulting firms. • Core Risk Expertise: Experience delivering ERM/ORM projects, including Operational Resilience, Risk Appetite, Third-Party Risk Management, Internal Controls, Business Continuity Management, Crisis Management, Cybersecurity, and related operational resilience concepts. • Domain Knowledge: Solid understanding of financial institutions, market infrastructures, and financial markets. • Communication Skills: Exceptional written and verbal communication skills, with the ability to articulate complex risk concepts clearly and concisely to diverse audiences. • Stakeholder Management: Proven ability to work independently with multiple stakeholders across different business units, manage competing priorities effectively, and drive deliverables to completion with minimal supervision. • Accountability: A proactive and results-oriented approach, demonstrating ownership and accountability for assigned responsibilities. Nice to Haves: • Certifications: Professional designations in Operational Risk Management, Business Continuity Management, Third-Party Risk Management, and/or Cyber Risk Management (e.g., ORM, CBCP, MBCI). • Regulatory Familiarity: Knowledge of regulatory frameworks (e.g., CPMI-IOSCO Principles for FMIs, OSFI B-10, etc.). • Language Skills: Fluency in both French and English (written and spoken) is an asset to support regular interaction with bilingual partners and stakeholders. Salary Range: 85K/year - 90K/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience. The recruiting efforts for this role are intended to fill a vacant position.