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. 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 in all business units. Review and challenge Risk & Control Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs) as required. Monitor fraud KRIs, escalating emerging risks,



and ensuring compliance with PPS, RPAA and other regulatory requirements. Promote a strong risk culture through education and engagement across the enterprise. Governance & Executive Engagement Represent second‑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 assets. 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 skill, 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. Adaptable 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. 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. That’s 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. Accommodation During Application 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. #J-18808-Ljbffr

📌 Erm Product Risk, Lead (Financial Risk) (Toronto)
🏢 Interac
📍 Toronto