Senior Vendor Risk Management Specialist

4 weeks ago

Montréal, Canada Payments Canada Full time

Thursday, April 25, 2024

Payments Canada's purpose is to make payments easier, smarter and safer for all Canadians. We care deeply about our employees' well-being and are committed to providing a flexible, hybrid work environmentthat supports in-person connection and remote work.


Get to Know Us

We are a unique organization situated at the centre of Canada's payments ecosystem. We own and operate payment systems that process hundreds of billions of dollars worth of payment transactions every business day. We convene ecosystem participants to discuss their multiple and diverse interests and ideas, and to navigate industry-level challenges. We adhere to a set of values that in themselves are tensions: Inspire Trust, Build Community and Enable Change.

Payments Canada -where our country connects:

Our Culture

We are a collaborative, diverse and passionate group of individuals. We support one another, make impactful contributions to the organization, and develop and nurture meaningful connections across our ecosystem

Come and join us - Where Payments Meets Purpose

About the role

Reporting to the Manager, Operational Resiliency, the Vendor Risk Management Specialist is responsible for ensuring Payments Canada is appropriately managing the risk that vendors pose to the organization.

What you'll do

Responsibilities of the Senior Vendor Risk Management Specialist include:

  • Maintain and lead the implementation of the Vendor Risk Management Framework to ensure that vendor risk is consistently managed across Payments Canada;
  • Provide oversight and challenge to ensure that vendor risks and mitigations are being effectively managed;
  • Develop and maintain a broad range of risk-related policies, guidelines, and frameworks;
  • Support development & implementation of industry reporting process for OSFI Guideline B-10 - Third-Party Risk Management;
  • Keep abreast of vendor risk developments and provide advice & challenge to business units across the organization;
  • Develop and maintain relationships with key stakeholders across the organization that support the Vendor Risk Management Framework (e.g. Procurement, Strategic Partnerships & Vendor Management, etc.);
  • Demonstrate leadership skills on project teams as appropriate to provide risk management subject matter expertise.

Minimum Qualifications

  • Undergraduate degree in business, economics, finance, or other related field;
  • Minimum of five (5) to seven (7) years of recent experience in risk management with experience in vendor risk management;
  • Minimum of five (5) years of relationship management experience;
  • Knowledge of risk management principles, methodologies, and best practices;
  • Government of Canada Level II Secret Clearance or eligibility to obtain.

Salary Range

  • Based on qualifications and experience: $93,637and $117,046.

Please submit your application by May 09, 2024.

Payments Meets Purpose - What you can expect from us

  • Flexible, hybrid (remote/office) environment;
  • Competitive compensation package, including annual variable bonus and defined contribution pension plan with employer matching percentage (if eligible);
  • Comprehensive health and dental benefit coverage, including mental health coverage, life insurance and a health spending account for you and your dependents ( Permanent and temporary employees with contracts 12 months & over);
  • Paid time off: minimum four weeks paid vacation, sick and personal days, December Holiday Shutdown and Cultural Holiday Observance Days;
  • 26 Weeks of paid maternity and parental leave top-up;
  • Rewards and recognition program;
  • Access to Office Gym Facilities;
  • Internal and external professional development opportunities;
  • Fun team and organizational events;
  • Monthly All Staff Forums led by our Executive Leadership Team.

Our Diversity, Inclusion and Equity Commitment


At Payments Canada, we are committed to making everyone feel they can be themselves and thrive at work. We will continue to build on a foundation of respect and appreciation for diversity in all forms and collectively create an inclusive and equitable culture where our differences are valued.

We are committed to employment equity and actively encourage applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation by emailing .

We thank all applicants for their interest in this opportunity. Preference will be given to Canadian citizens and permanent residents. Only selected candidates will be contacted for an interview. Interviews may be conducted virtually or in person.

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