ERM Product Risk, Lead

Who We Are:   Every transaction matters. Every Canadian matters. At Interac, we protect both — driving trust, security, and inclusion, so our digital economy thrives.   Founded 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.   As 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. Who You Will Work With:   The 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. The 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. This 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. The 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.   What You Will Do:   Product and Payment Systems Risk Oversight Provide independent second line oversight and credible challenge across product strategy, design, launch, operation, material change, and retirement. Maintain focused oversight of products and services supporting Prominent Payment Systems, including platforms, participants, critical service providers, and material operational dependencies. Assess product and payment systems risk against enterprise risk appetite, taxonomy, policies, standards, and regulatory expectations. Independently review and…