{"id":1681638,"url":"https://alion.io/job/interac-erm-product-risk-lead","title":"ERM Product Risk, Lead","company":{"id":3854,"name":"Interac","domain":"interac.ca","url":"https://alion.io/company/interac","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"B","score":75,"open_postings":5,"ghost_share":0,"stale_share":1,"repost_share":0,"time_to_fill_p50_days":null,"computed_at":"2026-10-13T05:45:00Z"}},"role":"Sales","role_family":"Sales","seniority":"lead","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Toronto, Canada"],"countries":["CA"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":130000,"max":145000,"currency":"CAD","period":"year","gross":null,"usd_annual":101857},"salary_estimate":null,"experience_years_min":10,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[],"status":"live","first_seen_at":"2026-10-01T00:00:00Z","employer_posted_date":"2026-10-01","last_verified_at":"2026-10-13T11:54:13Z","board_verified":true,"closed_at":null,"days_open":13,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":13},"description":"Who We Are:\nEvery transaction matters. Every Canadian matters. At Interac, we protect both - driving trust, security, and inclusion, so our digital economy thrives. \nFounded 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.\nAs 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.\nWho You Will Work With:\nThe vacant Product Risk Lead position will report to our Risk Management Leader and operate as an experienced second line leader within the Enterprise Risk Management team.\nThe Product Risk Lead provides independent second line oversight and challenge across the product lifecycle, from strategy and design through launch, operation, material change, and retirement. The role maintains focused oversight of products and services supporting Prominent Payment Systems, including their platforms, participants, critical service providers, and operational dependencies.\nThis role ensures that ERM standards, risk appetite, taxonomy, control requirements, and issue management practices are applied consistently to product and payment systems risk. It enables risk informed decisions through independent assessment, credible challenge, monitoring, aggregation, and escalation, with particular focus on operational risk, operational resilience, incidents, deficiencies, risk acceptance, concentration risk, and third party dependencies.\nThe Product Risk Lead contributes to the broader Product and Platform Risk mandate by identifying cross product themes, strengthening enterprise insight, and supporting consistent oversight across product teams, business units, and functional groups. The role engages early with the first line while maintaining clear accountability boundaries: the first line owns product delivery, controls, assessments, incidents, and remediation; the Product Risk Lead provides independent oversight, challenge, monitoring, and escalation.\nWhat You Will Do:\nProduct and Payment Systems Risk Oversight\nProvide independent second line oversight and credible challenge across product strategy, design, launch, operation, material change, and retirement.\nMaintain focused oversight of products and services supporting Prominent Payment Systems, including platforms, participants, critical service providers, and material operational dependencies.\nAssess product and payment systems risk against enterprise risk appetite, taxonomy, policies, standards, and regulatory expectations.\nIndependently review and challenge first line risk assessments, control design, residual risk conclusions, remediation plans, and risk acceptance decisions.\nIndependently assess whether risk acceptance decisions are adequately supported, within delegated authority, time limited where appropriate, and escalated when exposure is outside approved appetite or tolerance.\nOversee operational risk exposure, including incidents, control deficiencies, service disruption, processing risk, concentration risk, third party dependencies, and operational resilience.\nAssess the risk implications of material product, platform, technology, process, and third party changes, and provide independent second line review and challenge of support regulatory notification decisions notifications and supporting evidence without assuming ownership of the notification process where required.\nMonitor risk indicators, control performance, incidents, deficiencies, and remediation progress, escalating material concerns and policy deviations.\nFormally document unresolved second line challenge and escalate material concerns through the applicable product, executive, and risk governance pathways when first line action is not timely or sufficient.\nAggregate product level insights to identify systemic exposure, cross product themes, emerging risks, and enterprise level implications.\nAssess forward looking product risks, including customer harm, market conduct, fraud evolution, technology concentration, data and artificial intelligence risk, ecosystem change, and unintended product outcomes, where relevant.\nPrepare independent risk reporting for management and Board risk committees, including clear conclusions, trends, decisions, and required actions.\nPromote risk informed decision making by translating ERM requirements into practical guidance without assuming first line ownership.\nProvide oversight of the completeness and quality of product risk, control, deficiency, issue, and risk acceptance records within the enterprise system of record.\nERM Integration and Collaboration\nPartner with Product, Technology, Operations, Fraud, Security, Compliance, Legal, Finance, Operational Resilience, and Third Party Risk stakeholders to develop a complete view of exposure.\nConnect product risk oversight to the enterprise risk assessment, risk appetite, control library, issue management, scenario analysis, and regulatory commitment processes.\nEstablish consistent methods, guidance, and evidence standards for product and payment systems risk oversight.\nSupport continuous improvement of the Product and Platform Risk mandate through lessons from incidents, changes, assessments, supervisory feedback, and industry developments.\nKey Accountabilities\nDeliver credible, timely, and consistent second line oversight of product and payment systems risk.\nProvide a clear independent view of whether material product risks remain within approved appetite and tolerance.\nIdentify and escalate systemic risks, cross product themes, control weaknesses, and unresolved remediation.\nMaintain defensible oversight evidence for management, Board, and regulatory review.\nStrengthen accountability by ensuring first line owners understand required decisions, actions, evidence, and escalation expectations.\nDemonstrate success through timely and well evidenced challenge, consistent and defensible risk conclusions, early identification of material exposure, effective escalation and closure of concerns, and reliable product risk oversight records.\nWhat You Bring:\n10 or more years of progressive experience in enterprise, product, operational, technology, regulatory, or payments risk.\nStrong knowledge of payment products, payment systems, financial market infrastructure, or other highly available regulated services.\nDeep understanding of operational risk, operational resilience, controls, incidents, deficiencies, scenario analysis, issue management, and risk acceptance.\nExperience assessing material product, platform, technology, process, and third party changes.\nStrong understanding of enterprise risk frameworks, risk appetite, risk taxonomy, governance, and the Three Lines Model.\nAbility to provide independent challenge, form defensible risk conclusions, and escalate material concerns with confidence.\nExperience preparing concise risk reporting and evidence for senior management, Board committees, or regulators.\nAbility to influence product owners, executives, delivery leaders, and control partners while preserving clear accountability boundaries.\nAbility to translate complex risk and regulatory expectations into clear decisions, actions, and evidence requirements.\nExperience across all listed risk domains is preferred rather than required; candidates must demonstrate deep expertise in second line product or payments risk and the ability to apply that expertise across adjacent risk disciplines.\nSound judgement, systems thinking, and the ability to connect product level observations to enterprise exposure.\nEligibility to work for Interac Corp. in Canada in a full time capacity.\nWhat We’re Offering:\nThe hiring range for this position is $130,000-$145,000, and you will also be eligible for our short-term incentive plan. The exact amount will depend on factors such as skills, experience, and job-related knowledge, but Interac’s commitment goes beyond compensation. Our Total Rewards package is designed to support your well-being and future, and includes:\nGenerous vacation and wellness days to help you recharge \nComprehensive employer-paid benefits coverage for peace of mind \nMarket-leading employer-funded RRSP program to invest in your future \nFlexible hybrid work model for better work-life balance \nAccess to a free and confidential 24/7 employee & family assistance program to offer support for you and your immediate family \nPregnancy and parental leave top-up to support growing families \nCharitable donation matching with United Way to amplify your impact \nWhy Join Us?\nAt 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:\nInvesting in the Future - Help us unlock digital prosperity for all Canadians.\n\nInnovative Thinking - Collaborate on products, practices, and platforms that redefine what’s possible.\n\nInclusive Culture - Be empowered to bring your whole self to work and realize your full potential.\n\nInspiring Community - Work in an ecosystem where we lift each other up and rise together.\n\nIntentional Support - Enjoy flexible, supportive offerings that prioritize your total wellness.\n\nAdditional Pre-Employment Requirements:\nTo 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.\nEqual Opportunity Employer\nInterac 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.\nIf 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.\nPlease 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.","description_format":"text","description_chars":11349,"description_truncated":false,"requirements":{"experience_years_min":10,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":null,"security_clearance":false,"languages":[]},"benefits":["Generous vacation","Hybrid work","Parental leave"],"hiring_locations":[{"name":"Canada","iso":"CA","kind":"country"}],"hiring_excludes":[],"relocation_offered":false,"industries":["Cards & Card Issuing","Payment Processing & Gateways"],"lifecycle":[{"event":"open","at":"2026-10-02T09:46:16Z"}],"visa":[],"liveness":{"score":80,"band":"hot","label":"Hiring now","p_open":1,"p_active":0.885,"p_room":0.9,"age_days":12,"expected_fill_days":29,"reasons":["conf:11","velocity","win:mid"],"computed_at":"2026-10-13T05:45:00Z"},"pay":{"stated_usd_annual":101857,"is_top_pay":false},"html_url":"https://alion.io/job/interac-erm-product-risk-lead","json_url":"https://alion.io/job/interac-erm-product-risk-lead.json","meta":{"generated_at":"2026-10-14T00:50:54Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":1216,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-15T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":3854},"rest":"https://alion.io/mcp/rest/get_company?id=3854"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Finterac-erm-product-risk-lead"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Finterac-erm-product-risk-lead"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Finterac-erm-product-risk-lead"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/interac-erm-product-risk-lead\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Finterac-erm-product-risk-lead"}]}