Payments Risk & Controls Analyst-(Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients developing strategies products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information visit .

What we offer:

• Work-life flexibility

• Hybrid workenvironment

• Variable annual incentive plan

• Generous annual vacation allotment

• Top-notch flexible benefits planincluding family building and gender affirmation

• Retirement Plan matched contributions at 6%

• Access toa learning platform and educational assistancesupport

• Access to a virtual wellness platform

• Career development opportunities

• Wellness Flex Fund to support personal interest and activities

• Day off to volunteer in your community andother paid time off options

• Corporate discounts

*subject to employment agreement

Job Summary:

The Payments Risk & Controls Specialist supports enterprise-wide risk and control activities across the full Payments portfolio including day-to-day risk management reporting and coordination across Products Operations Business Development AML/Fraud Compliance Technology and Enterprise Risk.

This role helps the Payments Group maintain a clear consolidated view of risks across all Payment products and services including core offerings and new capabilities introduced through the Client Expansion strategy. The Specialist assists with risk reviews control assessments compliance activities issue tracking and supporting materials for leadership and governance forums. Other duties may be assigned as needed to support risk-informed decision making.

The role acts as a central coordination point for ensuring Payments teams complete required risk tasks maintain documentation and follow standard processes for risk identification mitigation and reporting.

What youll be doing:

Payments Group Risk Coordination

• Support risk management activities across the Payments Group including e-Transfers Wires ACH RTR readiness onboarding flows settlement arrangements and new client segments.

• Assist the Payments team in maintaining risk inventories assessments and control documentation for products client processes and operational workflows.

• Coordinate and track payments-related risk activities ensuring deadlines and deliverables are met.

• Support the Senior Manager in preparing responses to audit compliance assurance and regulatory inquiries.

Risk Assessment & Control Validation

• Assist with risk and control assessments across Payments processes supporting both recurring assessments and targeted deep dives.

• Help validate that controls are operating as designed by reviewing evidence collaborating with operational teams and documenting results.

• Support control design updates as product changes new onboarding requirements or as new client risks emerge.

Issue Incident & Mitigation Tracking

• Track operational issues audit findings and risk mitigation plans from initiation to closure.

• Follow up with owners to ensure timelines evidence and required validation steps are completed.

• Assist in preparing summaries for leadership providing clear status updates and escalation points.

Risk Reporting & Analysis

• Produce regular and ad-hoc reports on Payments risk and control performance including dashboards trend summaries KRIs and emerging issues.

• Consolidate input from multiple teams and turn it into clear actionable summaries for decision makers.

• Support materials for Payments governance forums such as Client Expansion working group Executive forums and Enterprise Risk committees.

Stakeholder Engagement

• Foster strong relationships with Operations Product AML/Fraud Technology Compliance and Enterprise Risk teams.

• Build awareness and understanding of the Payments team risk processes documentation expectations and reporting timelines.

• Support training and awareness activities to strengthen risk culture and shared accountability.

What youll have:

• Degree or diploma in business risk management analytics finance or a related field.

• 5-7 years of experience in risk management payments operations compliance or audit.

• Experience working with risk frameworks (RCSA control testing issue management KRIs) is an asset.

• Strong relationship management and interpersonal skills are required to manage coordinate and integrate input from a diverse range of internal and external stakeholders.

• Strong analytical skills and ability to work with data to identify themes trends and risk signals.

• Effective communication skills including the ability to write clear summaries and prepare materials for leadership.

• Proven ability to coordinate cross-functional activities and manage multiple timelines.

• Familiarity with financial institution risk practices payments products or client onboarding is an asset.

• Experience with GRC tools dashboards or structured reporting environments is an advantage.

Salary range: $72000-$85000

The salary range representsthe job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge skills qualifications experience and education/training.

#LI-Hybrid

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.