What we are looking for

Reporting to the Manager, Payment Product Risk, the Senior Risk Analyst is responsible for supporting the development, implementation, and ongoing maintenance of the payment systems’ risk management approach in alignment with the Enterprise Risk Management (ERM) Program at Payments Canada.

The Senior Risk

Analyst will also support the management and monitoring of risks within various strategic programs (both enterprise and payment systems focused) as well as support and contribute to the Enterprise and Payment Product Risk Team’s development and maintenance of policies and procedures and reporting activities.

Responsibilities of the Senior Risk Analyst include: Payment Product Risk Management Approach Support the development, implementation, maintenance, and continuous improvement of the payment product risk approach (risk engagement models, frameworks, tools) in alignment with the ERM Program and corporate governance. Lead the development and implementation of organization-wide training and change management tools/materials in support of the ERM program.

Guide and support business units on ERM Program adoption to embed strong risk practices across the organization.

Integrated

Oversight, Monitoring & Risk Reporting Provide oversight and effective challenge to ensure risks associated with payment systems, initiatives, projects (including the RTR Program), and other change activities are being effectively managed.

Support and contribute to Enterprise Risk Reporting activities including leading the identification and management of emerging risks, review of and report on risk appetite metrics.

Conduct fundamental research and analysis on risk issues and provide recommendations on risks that may have an impact on Payments Canada.

Participate in project teams as appropriate to provide risk analysis and subject matter expertise.

Provide support on risk focused projects and initiatives.

Relationship Management





Develop and maintain effective and cooperative relationships with key stakeholders and subject matter experts across the organization. Communicate and collaborate with risk management and thought leaders within and outside the Payments Canada membership to gather and provide information, advice and solutions and remain abreast of the latest developments in the risk management field.

Capabilities

Effective relationship management skills;

Ability to develop and deliver messaging at a technical and executive level;

Develops, implements and enhances methodologies in areas of expertise; Ability to support risk analysis with supporting research and/or data points;

Critical reasoning, analytical and problem-solving abilities; and

High degree of initiative and creativity. | What you need to be successful Undergraduate degree in business/commerce or analytics (business analytics, finance, accounting, information systems, process management, etc.);

Minimum of 5 years of recent experience in risk management, process management, and business analytics/reporting;

Strong relationship management, presentation and thought leadership skills;

Knowledge of risk management principles, methodologies/processes, and best practices;

Ability to effectively influence and constructively challenge stakeholders in support of effective risk management across the organization;

Experience applying risk management practices to complex projects/initiatives;

Experience with BI and GRC tools (ServiceNow, Tableau, Smartsheet, etc) is considered as an asset; and

Eligibility to successfully complete background checks that will be carried out by Payments Canada, including criminal, credit, identity, employment, and education checks. | Salary range

Our target starting rate for this role is $100,300 with flexibility based on your experience and qualifications. The full salary range and benefits package are detailed below.

Please submit your application by Oct 2, 2026.

📌 Senior Risk Analyst (Toronto)
🏢 Payment Canada
📍 Toronto