Senior Manager, Enterprise Risk Management

TMX Group; Toronto; Hybrid; CAD 130,000 - 145,000; Full time

Benefits offered by this job

Hybrid work model

Generous time off and leave policies

Accommodations for applicants

Job summary

TMX Group is seeking an Enterprise Risk Management (ERM) Leader to provide second-line oversight and shape risk governance across a regulated environment. The role requires collaboration with senior leadership to embed risk into new initiatives, products, and partnerships.

The position is hybrid (2-3 days in Toronto) and involves designing risk assessments, policy updates, and executive reporting to Boards. A strong background in risk governance, data analytics, and GRC platforms is essential.

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) and governance frameworks.
• Outstanding verbal, written, and presentation skills with ability to influence senior stakeholders.

Responsibilities

• Provide second-line oversight and challenge to first-line risk across operational, financial, and regulatory dimensions.
• Lead ERM policy and risk appetite governance updates to align with strategy and standards.
• Design and execute risk assessments, scenario analysis, and stress testing for enterprise-wide insights.
• Oversee vendor risk management and horizon scanning for macroeconomic and geopolitical developments.
• Establish KRIs and oversee incident management with root-cause analyses for remediation.
• Translate risk metrics into executive dashboards for Board committees and leadership.

Skills

Executive communication & influence

Risk governance acumen

Data analytics

GenAI tools

Education

Bachelor’s degree in Business Administration, Finance, Economics, or related discipline

Tools

MetricStream

Archer

ServiceNow

Workiva

Job description

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, the successful candidate’s relevant knowledge, skills, and experience.

Excitement

Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection

With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact

More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness

From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth

From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.

Our Culture

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.

Our Business

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation Trayport and VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna.

For more information about TMX Group, visit www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.