Senior Manager, Enterprise Risk Management

Bourse de Montreal Inc.; Toronto; Hybrid; CAD 130,000 - 145,000; Full time

Job summary

TMX Group seeks an experienced Enterprise Risk Management Leader to provide strategic second-line oversight across operational, financial, and regulatory risk areas. Based in Toronto with hybrid work, you will advise senior leadership, integrate risk into new initiatives, and champion a proactive risk culture.

You will drive policy, risk appetite governance, scenario planning, vendor risk oversight, and board-level reporting while partnering with audit and regulatory bodies.

Qualifications

• 10+ years of progressive risk management experience in capital markets, financial services, or similarly regulated environments.
• Broad risk governance acumen across operational, financial and strategic risk domains.
• Outstanding executive communication, with ability to influence senior stakeholders and present complex risk concepts.
• Technical agility with data analytics and Generative AI (GenAI) to streamline risk workflows.
• Experience implementing or using enterprise GRC platforms (e.g., MetricStream, Archer, ServiceNow, Workiva).
• Bachelor’s degree in Business Administration, Finance, Economics, or related discipline.

Responsibilities

• Provide independent second-line oversight and challenge to first-line risk units across risk dimensions.
• Lead ERM policy, risk appetite governance, and framework enhancements.
• Design and execute risk assessments and scenario analyses across units.
• Oversee third-party vendor risks and horizon-scanning for macro developments.
• Establish KRIs and conduct root-cause analyses to drive remediation.
• Translate risk metrics into executive dashboards for leadership and the Board.
• Foster a risk-aware culture through cross-functional training and collaboration.
• Liaise with Internal Audit and regulators; track remediation and regulatory changes.

Skills

Executive communication

Risk governance

Critical thinking

GenAI tools

GRC systems

Education

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

Tools

GRC platforms

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

The recruiting efforts for this role are intended to fill a vacant position.

In the market for…

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.

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 .