Apply on Kit Job: kitjob.ca/job/2fsqs2

Payments Canada, 800-350 Albert Street, Ottawa, Ontario, Canada

Job Description

Payments Canada is at the forefront of the Canadian payment ecosystem. Our purpose is to make payments easier, smarter and safer for all Canadians. Every day we are working diligently to ensure your payments are cleared and settled. In 2024 alone, our systems cleared approximately $107 trillion or $424 billion each business day! If you are passionate about payments and want to help ensure that these financial transactions in Canada are carried out safely and securely, working with us is for you!

Who we are

We are a public purpose, non profit organization situated at the centre of Canada's payment ecosystem. We own and operate payment systems that process hundreds of billions of dollars worth of payment transactions each business day. We convene ecosystem participants to discuss their multiple and diverse interests and ideas and to navigate industry level challenges. We adhere to a set of values that are our north star: Inspire trust, build community and enable change.

Payments Canada - where our country connects.

With our people in mind we have created a culture that fosters authenticity, collaboration, innovation and development. We empower one another, make meaningful contributions that not only impact the organization, but our country! We develop and nurture meaningful connections that drive innovation in our ecosystem. We are Payments Canada!

Do you want to make payments easier, smarter and safer for Canada? Join us today! You need to work here if

- You love working with passionate, ambitious and collaborative colleagues.
- You want to be challenged and lead unique initiatives.
- You want to grow, develop and become a subject matter expert in your field.
- You want your work to make an impact in your community and country.

What we are looking for

Payments Canada members that participate in the payment systems are exposed to Financial Market Risks like Credit risk, Liquidity risk, Settlement risk and risk associated with tiered participation depending on the system. The Financial Market Risk (FMR) team maintains financial risk frameworks for our existing systems and develops financial risk frameworks for recent systems. FMR also ensures that participants understand these risks and have the necessary information and risk management tools available to manage them to make risk informed decisions.

FMR is looking for an Analyst to join their team in supporting the monitoring, reporting, and analysis of financial risks in the systems we operate. The role requires attention to detail, the ability to identify and communicate issues to the Manager, Financial Market Risk, and a natural curiosity for how financial markets function.



The incumbent will be primarily responsible for the quantitative aspects of the financial risk frameworks for existing payment systems (Lynx and ACSS) and future payment systems, and work closely with the rest team members and subject matter experts on other teams. This position presents a unique opportunity to gain exposure to critical financial market infrastructure that our members rely on for the clearing and settlement of their payments. We are seeking someone with quantitative and analytical skills who is also willing to contribute to the team in a proactive manner.

A day in the life

Responsibilities of the Risk Analyst, Financial Market Risk includes but is not limited to:

Financial Risk Monitoring and Reporting

Lead processes for the recalculation of ACSS collateral pool, multiplier, allocation to Direct Clearers, and minimum liquidity requirements for Lynx.

Perform daily monitoring of dashboards and prepare monthly/quarterly reports, backtesting, and risk summaries for Lynx and ACSS stakeholders.

Enhance existing dashboards and frameworks while staying informed on Bank of Canada's monetary policy impacts.

Subject Matter Expertise and Advice

Provide expertise on Financial Risk Frameworks and targeted system data analysis to inform decision making across teams.

Produce high quality meeting materials and present findings to a variety of audiences.

Support the Manager, Financial Market Risk, on ad hoc or unplanned initiatives.

Analysis and Simulation

Perform statistical analysis of raw data to identify participant behaviors, trends, outliers, and insights for management.

Execute forward looking simulations using historical data and defined scenarios to understand and document the impacts of future events.

Maintain and improve the documented procedures and frameworks followed by the FMR team.

What you need to be successful

- University degree in a relevant field - professional designation preferred.
- Minimum of three (3) years work experience preferred, specifically within payments and financial risk.
- Advanced expertise in SQL, Excel, and Google Sheets is required; additional experience with programming languages (Python, R) and the Google Cloud ecosystem (BigQuery, Looker Studio) is a strong plus.
- Strong understanding of financial transaction logic,



specifically the mechanics of how debit and credit entries function.
- Prior experience in payments and financial risk preferred.
- Eligibility to successfully complete background checks that will be carried out by Payments Canada, including criminal, credit, identity, employment, and education checks.

You will really stand out with

Knowledge of banking, financial markets, risk management, and financial market infrastructure is considered an asset.

Salary range

- Based on qualifications and experience: $73,500 to $98,000.

Please submit your application by April 22, 2026.

What's in it for you?

- Flexible, hybrid (remote/office) environment.
- Competitive compensation package, including annual variable bonus and defined contribution pension plan with employer matching percentage (if eligible).
- Comprehensive health and dental benefit coverage, including mental health coverage, life insurance and a health spending account for you and your dependents (Permanent and temporary employees with contracts 12 months and over).
- Paid time off: minimum four weeks paid vacation, sick and personal days, December holiday shutdown and cultural holiday observance days.
- 26 weeks of paid maternity and parental leave top up.
- Rewards and recognition program.
- Access to office gym facilities.
- Internal and external professional development opportunities.

At Payments Canada, we are dedicated to fair, transparent and inclusive hiring. We are an equal opportunity employer and value diversity at our company. Our recruitment process uses automated tools, but not generative AI, to objectively screen and evaluate applications and confirm that a candidate's qualifications meet job requirements.

It is important to remember that these tools support, but do not replace, human decision making. Our trained recruitment professionals and hiring managers always make the final hiring decisions.

Our diversity, inclusion and equity commitment

At Payments Canada, we are committed to making everyone feel they can be themselves and thrive at work. We will continue to build on a foundation of respect and appreciation for diversity in all forms and collectively create an inclusive and equitable culture where our differences are valued.

We are committed to employment equity and actively encourage applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation by emailing .

We thank all applicants for their interest in this opportunity. Preference will be given to Canadian citizens and permanent residents. Only selected candidates will be contacted for an interview.

Apply on Kit Job: kitjob.ca/job/2fsqs2

📌 Risk Analyst, Financial Market Risk (Toronto)
🏢 Payments Canada
📍 Toronto