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: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 Interac’s 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 AdvisoryServe 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 Interac’s Risk Appetite and TaxonomiesSupport 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 maturityMonitor and report on Incident management risk impacts individually or on aggregationProactively 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 insightOversee development of change notifications as required to the Bank of Canada per the Oversight Agreement in placeProvide oversight and management of Risk, Deficiency and Control database management for product teams, business units and functional groupsAgile Risk Program Alignment & CollaborationEnsure 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 adjustmentKey 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 LeaderSupport the development of risk capabilities across the Agile Risk Lead communityDeliver 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 sectorStrong 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 Corp. in Canada in a full-time capacity.What We’re Offering:The hiring range for this position is $130,000-$145,000 and the exact amount will depend on factors such as skills, experience, and job-related knowledge, but Interac’s commitment goes beyond compensation. Our fixed-term contract Total Rewards package also includes:Employer-paid benefits coverage for peace of mindFlexible hybrid work model for better work-life balanceWhy 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 EmployerInterac 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 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.