ERM Product Risk Lead (15 month Contract) At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. But that’s not all. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada. Want to make a lasting impact amongst a community of creative thinkers, problem solvers, and high-performance application developers? We want to hear from you. Role Purpose 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. You’ll Be Responsible For: Product-Aligned Risk Advisory Serve 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 Taxonomies Support 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 maturity Monitor and report on Incident management risk impacts individually or on aggregation Proactively 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 insight Oversee development of change notifications as required to the Bank of Canada per the Oversight Agreement in place Provide oversight and management of Risk, Deficiency and Control database management for product teams, business units and functional groups Agile Risk Program Alignment & Collaboration Ensure 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 adjustment Key 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 Leader Support the development of risk capabilities across the Agile Risk Lead community Deliver credible and consistent second-line challenge within agile product environments. Ensure product risk decisions align with enterprise risk appetite and tolerance. Background & Experience You bring: 10+ years of progressive experience in regulatory compliance, risk management, or related discipline within the financial services or payments sector Strong 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. 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.
