ERM Product Risk, Lead The Product Risk Lead serves as a strategic advisor within the second line of defense, accountable for delivering proactive, independent, and comprehensive risk oversight for assigned product lines. This role champions the integration of enterprise risk management standards, frameworks, and controls including advanced fraud risk management across product development, delivery, and change management. By enabling risk-informed decision-making and surfacing emerging risks, the Lead fosters a culture of risk awareness and resilience within product teams and across the organization. As a key member of the Enterprise Risk Management team, the Lead drives consistency, maturity, and excellence in risk oversight, partnering with executive stakeholders and governance forums to influence enterprise-wide risk strategy. The Lead maintains regulatory risk oversight related to Prominent Payment Systems (PPS) and the Retail Payment Activities Act (RPAA), ensuring risk management practices are aligned with evolving regulatory expectations and support ongoing readiness for regulatory change. Key Responsibilities Product-Aligned Risk Advisory & Oversight Serve as a second-line risk partner to assigned product teams, providing end-to-end oversight from ideation, execution, and production, including change management and incident response. Integrate enterprise risk management (ERM) policies, frameworks, and risk appetite into product planning, design, execution, and ongoing operations. Independently assess and challenge first-line risk decisions, including control design, risk assessments, and residual risk acceptances. Lead fraud risk management activities, including identification, assessment, mitigation, and incident response for fraud threats across the product lifecycle. Support first-line execution of risk activities such as RCSAs, product risk assessments, control mapping, issue identification, and risk acceptance. Monitor key risk indicators (KRIs) and risk metrics, escalating emerging risks, control gaps, or policy deviations as appropriate. Promote a strong risk culture within product teams by translating and educating stakeholders on ERM policies, frameworks, risk tolerance, and fraud risk management. Provide regulatory risk oversight by ensuring product risk management practices reflect current and emerging regulatory requirements, including those related to PPS and RPAA, and support ongoing readiness for regulatory change. Oversee data and AI risk management practices, ensuring alignment with enterprise risk standards and emerging best practices (if applicable). Governance, Reporting & Executive Engagement Represent product risk themes at governance forums and Product Councils, ensuring timely escalation and documentation of material risks, issues, and risk acceptances. Develop, monitor, and report on KRIs and emerging risk trends in support of assigned products and/or lines of business, synthesizing risk insights for executive-level reporting. Ensure product risk decisions align with enterprise risk appetite, tolerance, and regulatory expectations. Agile Risk Program Alignment & Collaboration Deliver consistent execution of second-line responsibilities in alignment with enterprise risk methodologies and expectations. Collaborate with other 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, including methodology, regulatory oversight, and reporting, to ensure alignment of risk practices and messaging. Support the development of risk capabilities across the Risk Lead community. Background & Experience Minimum 10 years of progressive experience in risk management, product risk oversight, or a related discipline within the financial services or payments sector. Demonstrated expertise in second-line risk functions, including risk identification, assessment, challenge, and oversight of product teams and business initiatives. Advanced knowledge of fraud risk management, including threat identification, control design, mitigation strategies, and incident response across the product lifecycle. Strong understanding of enterprise risk management principles, including risk appetite, control frameworks, RCSAs, issue management, and the Three Lines of Defense model. Experience integrating risk management practices into agile product development and change management processes. Proven ability to independently assess and challenge first-line risk decisions, residual risk ratings, and policy deviations. Exceptional communication and stakeholder engagement skills, with the ability to translate complex risk concepts into clear, actionable insights for executive leadership, Board audiences, and cross-functional teams. Proficiency in oversight management tools, risk assessment methodologies, and data/AI risk management practices. Demonstrated success in building and maintaining oversight frameworks, risk reporting programs, and fostering a culture of risk excellence and continuous improvement. Experience working in matrixed or cross-functional environments. Relevant undergraduate or graduate degree in business, finance, risk management, or a related field; professional designations such as CRMP, CAMS, CCEP, or equivalent are considered assets. Eligibility to work for Interac Corp. in Canada in a full-time capacity. 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. About Interac Corp. Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money and data in Canada, security is the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada’s leading and most trusted financial brands. For more information, visit In The Know.
