ERM Product Risk, Lead

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

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.

This role is critical to advancing our risk maturity and ensuring resilience in a rapidly evolving financial ecosystem.
 

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 all business units

• Review and challenge Risk & Control Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs) as required.

• Monitor fraud KRIs, escalate emerging risks, and ensure compliance with PPS, RPAA and other regulatory requirements.

• Promote a strong risk culture through education and engagement across the enterprise.

Governance & Executive Engagement

• Represent 2ndl 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 asset

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

• Requires CPA designation with demonstrated experience in financial risk management.

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 skills, 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 

• Flexible 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 

Why Join Us?

At Interac, the impact we make, and the people who drive it, is profound. When you become part of our team, you’re joining a purpose-driven organization that’s shaping the future of digital finance in Canada. Here’s 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 what’s 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. 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.

If you require accommodation during any stage of the application or recruitment process, please contact us at [email protected]. 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.