Senior Manager, Enterprise Risk Management

tmx; Toronto; Hybrid; CAD 130,000 - 145,000; Full time

Job summary

TMX seeks an experienced Enterprise Risk Management Leader to provide strategic second-line oversight and shape risk governance across its regulated capital markets operations. You will advise senior leadership, embed risk considerations in new products, initiatives, and partnerships, and champion a proactive risk-aware culture.

Based in Toronto with a hybrid work arrangement, you will oversee risk appetite, policy development, risk assessments, and regulatory liaison, driving effective risk

Qualifications

• 10+ years of progressive risk management experience within capital markets, financial services, or similarly complex, regulated environments.
• Broad-based expertise across enterprise risk domains (Operational, Financial, Strategic).
• Excellent executive communication; ability to articulate risk concepts and influence senior stakeholders.

Responsibilities

• Provide independent second-line oversight across operational, strategic, financial, and regulatory risk dimensions.
• Lead ERM policy, risk appetite governance, and framework enhancements.
• Design and facilitate risk assessments and scenario analyses; support stress testing and resilience.
• Oversee vendor risk and horizon scanning for macro, industry, and geopolitical developments.
• Establish KRIs and manage incident analysis to drive remediation.
• Translate risk metrics into executive dashboards and board-ready reports.
• Collaborate with risk functions and business leaders to foster a risk-aware culture.
• Serve as ERM liaison for Internal Audit and regulatory bodies; track remediation commitments.

Skills

Executive communication

Stakeholder influence

Analytical thinking

GenAI tooling

Problem solving

Education

Bachelor's degree in Business Administration, Finance, Economics, or related

Tools

MetricStream

Archer

ServiceNow

Workiva

Job description

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Role Overview

We are seeking an experienced and forward-thinking Enterprise Risk Management (ERM) Leader to provide strategic second-line oversight and shape our risk governance posture. In this critical role, you will act as a trusted advisor to senior leadership, independently challenging first-line business operations while integrating risk considerations into new products, initiatives, and third-party partnerships. Combining traditional ERM rigor with modern analytical agility, you will champion a proactive risk-aware culture across our complex, regulated environment.

Job Location: Hybrid (2-3 days in office) - based in Toronto, ON.

Key Accountabilities

• Second-Line Oversight & Strategic Advisory: Provide robust, independent oversight and effective challenge to first-line business units across operational, strategic, financial, and regulatory risk dimensions; advise leaders on proactively embedding risk management into new initiatives and product launches.
• ERM Policy & Risk Appetite Governance: Lead the periodic review and continuous enhancement of enterprise risk appetite statements, frameworks, and ERM policies to align with evolving organizational strategy and regulatory standards.
• Risk Assessments & Scenario Analysis: Design, facilitate, and execute comprehensive periodic and ad-hoc risk assessments across business units and corporate functions; actively contribute to enterprise-wide scenario analysis and stress testing to evaluate inherent risks, control effectiveness, and operational resilience.
• Vendor & Emerging Threat Surveillance: Oversee critical third-party vendor risks and conduct proactive horizon scanning for macroeconomic, industry, and geopolitical developments to provide forward-looking strategic impact analyses.
• KRI Monitoring & Incident Management: Establish, track, and analyze Key Risk Indicators (KRIs); oversee the incident management lifecycle by conducting thorough root-cause analyses on risk events and near-misses to drive sustainable remediation.
• Executive & Board Reporting: Translate complex risk metrics, trends, and assessment outcomes into clear, executive-ready dashboards and presentations for senior leadership and Board committees.
• Risk Culture & Cross-Functional Collaboration: Partner closely with specialized risk functions and business leaders to foster a cohesive, risk-conscious culture through targeted training and transparent stakeholder engagement.
• Audit & Regulatory Liaison: Act as the primary ERM liaison for Internal Audit and regulatory bodies; manage review processes, track remediation commitments, ensure complete closure of findings, and monitor ongoing regulatory changes.

Must Have(s)

• Professional Experience: 10+ years of progressive risk management experience within capital markets, financial services, or similarly complex, regulated corporate environments.
• Risk Governance Acumen: Broad-based expertise across enterprise risk domains (including Operational, Financial, and Strategic risk) and deep familiarity with standard risk governance frameworks.
• Executive Communication & Influence: Outstanding verbal, written, and presentation skills, with demonstrated success articulating nuanced risk concepts, challenging senior stakeholders constructively, and cultivating cross-functional partnerships.
• Technical Agility: Solid critical thinking and problem-solving abilities, coupled with an active interest in leveraging modern data analytics and Generative AI (GenAI) tools to streamline workflows and modernize risk processes.
• GRC Systems Experience: Practical experience implementing, administering, or utilizing enterprise GRC platforms (e.g., MetricStream, Archer, ServiceNow, Workiva, or equivalent).
• Education: Bachelor's degree in Business Administration, Finance, Economics, or a related discipline.

Nice to Have(s)

• Professional risk or finance designations (e.g., FRM, PRM, CFA, CPA).
• Successful completion of the Canadian Securities Course (CSC).
• Proficiency with Google Workspace productivity and collaboration tools.

Compensation

Salary Range: 130,000/year - 145,000/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to,