ERM Product Risk Lead (15 month Contract)

Who We Are:

Every transaction matters. Every Canadian matters. At Interac we protect both driving trust security and inclusion so our digital economy thrives.

Founded in 1984 Interac connects Canadians through secure digital payments advanced identity verification and industry-leading fraud protection. Connecting banks businesses and individuals Interac enables millions to send receive and manage money safely and effortlessly every day across both digital and physical environments.

As the backbone of Canadas financial ecosystem Interac facilitates over 20 million transactions daily supported by trusted partnerships with government and financial institutions. Consistently ranked as Canadas most reputable financial technology brand Interac is deeply embedded in the daily lives of Canadians.

Who You Will Work With:

This vacant Product Risk Management Lead (15 Month Contract) position will report to our Lead Risk Management.

The Product Risk Lead is a second-line risk advisor embedded within agile product teams with matrix organized business unit and functional support groups responsible for providing proactive independent risk oversight and challenge.

This role ensures that enterprise risk management (ERM) standards frameworks and controls are effectively integrated into product development and delivery risk management processes. Product Risk Leads play a critical role in enabling risk-informed decision-making surfacing emerging risks and strengthening risk culture across Interacs product landscape.

They will also contribute to the broader Agile Product Risk Program by supporting education consistency maturity and excellence in risk oversight within an assigned product/line of business or within an Enterprise risk oversight function.

What You Will Do:

Product-Aligned Risk Advisory

• Serve as the dedicated second-line risk partner to assigned product teams participating in agile ceremonies and delivery cycles.

• Embed ERM and product risk policies frameworks and risk appetite into product planning design and execution.

• Independently assess and challenge first-line risk decisions including control design risk assessments and residual risk acceptances.

• Prepare independent risk reports in alignment with Interacs Risk Appetite and Taxonomies

• Support first-line execution of risk activities such as RCSAs product/squad risk assessments control mapping issue identification and risk acceptance.

• Standardize embedded risk management process to ensure Operational Resilience maturity

• Monitor and report on Incident management risk impacts individually or on aggregation

• Proactively monitor risk metrics and proactively escalate emerging risks control gaps or policy deviations.

• Promote a strong risk culture within product teams by translating and educating stakeholders on ERM policies frameworks and risk tolerance.

• Contribute to MRC BRC and other executive level risk reporting synthesizing risk themes and insight

• Oversee development of change notifications as required to the Bank of Canada per the Oversight Agreement in place

• Provide oversight and management of Risk Deficiency and Control database management for product teams business units and functional groups

Agile Risk Program Alignment & Collaboration

• Ensure consistent execution of second-line responsibilities in alignment with enterprise risk methodologies and expectations.

• Collaborate with other Agile Product Risk Leads to share insights identify systemic issues and drive consistency across products and lines of business.

• Act as a liaison between product teams and ERM functions (e.g. methodology compliance reporting) to ensure alignment of risk practices and messaging.

• Support and lead the development of Risk Management user guides SOP and other artifacts to enable faster and consistent risk insight and resulting adjustment

Key Accountabilities

• Collaborate with Agile Risk Leads to ensure consistent application of risk frameworks and best practices.

• Identify and escalate systemic risks and cross-product themes to the Agile Risk Program Leader

• Support the development of risk capabilities across the Agile Risk Lead community

• Deliver credible and consistent second-line challenge within agile product environments.

• Ensure product risk decisions align with enterprise risk appetite and tolerance.

What You bring:

• 10 years of progressive experience in regulatory compliance risk management or related discipline within the financial services or payments sector

• Strong understanding of operational risk management practices including RCSAs control design issue management and risk acceptance.

• Familiarity with enterprise risk frameworks risk appetite and the Three Lines of Defense model.

• Ability to independently assess and challenge risk decisions residual risk ratings and policy deviations.

• Hands-on experience working with or alongside agile product teams (e.g. squads).

• Ability to embed risk oversight into agile rituals and delivery cycles without disrupting team priorities.

• Comfort navigating fast-paced iterative delivery environments.

• Strong interpersonal and communication skills with the ability to influence product owners delivery leads and cross-functional stakeholders.

• Ability to translate complex risk concepts into clear actionable insights for non-risk audiences.

• Experience working in a matrixed environment with multiple stakeholders and competing priorities.

• Commitment to consistency transparency and continuous improvement in risk oversight practices.

• Eligibility to work for Interac Canada in a full-time capacity.

What Were Offering:

The hiring range for this position is $130000-$145000 and the exact amount will depend on factors such as skills experience and job-related knowledge but Interacs commitment goes beyond compensation. Our fixed-term contract Total Rewards package also includes:

• Employer-paid benefits coverage for peace of mind

• Flexible hybrid work model for better work-life balance

Why Join Us

At Interac the impact we make and the people who drive it is profound. When you become part of our team youre joining a purpose-driven organization thats shaping the future of digital finance in Canada. Heres what you can expect:

• Investing in the Future Help us unlock digital prosperity for all Canadians.

• Innovative Thinking Collaborate on products practices and platforms that redefine whats possible.

• Inclusive Culture Be empowered to bring your whole self to work and realize your full potential.

• Inspiring Community Work in an ecosystem where we lift each other up and rise together.

• Intentional Support Enjoy flexible supportive offerings that prioritize your total wellness.

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.

Equal Opportunity Employer

Interac is also an equal opportunity employer committed to fostering a diverse and inclusive workplace. We believe that innovation thrives when people from different backgrounds experiences and perspectives come together. Thats why we are committed to providing fair and equitable employment opportunities for all individuals without discrimination based on race color ancestry ethnic origin place of origin citizenship creed sex sexual orientation gender identity or expression age marital or family status disability or any other characteristic protected by applicable law.

If you require accommodation during any stage of the application or recruitment process please contact us at We will work with you to meet your needs.

Please be aware that certain individuals are misusing Interac Corp.s name and logo to promote fictitious employment opportunities. Interac Corp. never requests solicits or accepts any form of payment in exchange for employment. Any such offers are fraudulent and should be disregarded. Interac Corp. assumes no liability for any claims losses damages expenses or inconveniences arising from or related to these fraudulent activities. Such communications do not constitute an offer or representation by Interac Corp. or its subsidiaries and affiliates.