ERM Product Risk, Lead

ERM Product Risk, Lead (Fraud Risk Oversight)

The Product Risk Lead is a strategic dual-role position that combines dedicated ERM product risk leadership for assigned product lines with enterprise-wide second-line fraud risk oversight. 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 organization's independent second line fraud risk lead, providing challenge, oversight, and thought leadership across all business units.

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

Key Responsibilities

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.

Enterprise-Wide Fraud Risk Oversight

• Serve as the second-line fraud risk expert, providing independent challenge and oversight of fraud risk activities across all business units.
• Review and challenge Risk & Control Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs) from a fraud perspective.
• Lead fraud risk management activities, including threat identification, control design, mitigation strategies, and incident response.
• 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 fraud and product risk themes 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.

Background & Experience

• 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

Interac requires employees to complete a background check that is completed by one of our service providers. We use this service to complete the following checks:

• Canadian criminal record check;
• Public safety verification;
• Canadian ID cross-check;
• 5-year employment verification;
• Education verification; and
• If applicable, Credit Inquiry and Social Media Check

How we work

We know that exceptional people have great ideas and are passionate about their work. Our culture encourages excellence and actively rewards contributions with:

Connection: You're surrounded by talented people every day who are driven by their passion of a common goal.

Core Values:They define us. Living them helps us be the best at what we do.

Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.

Education: To ensure you are the best at what you do we invest in you

Please be aware of certain individuals fraudulently using Interac Corp.'s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.

Please note that under no circumstances shall Interac Corp. be held liable or responsible for any claims, losses, damages, expenses, or other inconveniences resulting from or in any way connected to the actions of individuals performing such fraud. Further, such fraudulent communication shall not be treated as any kind of offer or representation by Interac Corp. or its subsidiaries and affiliates.