Senior Risk Analyst

Payments Canada; Toronto; On-site; CAD 90,000 - 110,000; Full time

Job summary

Payments Canada is seeking a Senior Risk Analyst to strengthen the payment product risk program, reporting to the Manager, Payment Product Risk. You will design, implement and monitor risk controls across key payment initiatives, aligned with the Enterprise Risk Management framework.

You will lead risk assessments, support governance, and collaborate with cross‑functional teams to embed proactive risk practices and enhance risk reporting for enterprise programs.

Qualifications

• Minimum of 5 years of risk management experience.
• Strong relationship, presentation and thought leadership skills.
• Knowledge of risk management principles, methodologies, and best practices.
• Experience with BI and GRC tools (ServiceNow, Tableau, Smartsheet) is an asset.

Responsibilities

• Develop and maintain the payment product risk approach aligned with the ERM program.
• Lead organization-wide ERM training and change management tools.
• Guide business units on ERM adoption to embed risk practices across the organization.
• Provide oversight to ensure risks from payment systems and changes are managed.
• Support Enterprise Risk Reporting including risk appetite metrics.
• Conduct research and analysis on risk issues with recommendations.
• Participate in project teams to provide risk analysis and SME input.
• Develop and maintain relationships with stakeholders across the organization.
• Collaborate with risk leaders inside and outside Payments Canada.

Skills

Risk management

Analytics

Stakeholder management

Executive communication

Problem solving

Education

Bachelor's degree in business/commerce or analytics

Tools

ServiceNow

Tableau

Smartsheet

Job description

What we are looking for

Reporting to the Manager, Payment Product Risk, the Senior Risk Analyst is responsible for supporting the development, implementation, and ongoing maintenance of the payment systems' risk management approach in alignment with the Enterprise Risk Management (ERM) Program at Payments Canada. The Senior Risk Analyst will also support the management and monitoring of risks within various strategic programs (both enterprise and payment systems focused) as well as support and contribute to the Enterprise and Payment Product Risk Team's development and maintenance of policies and procedures and reporting activities.

Responsibilities of the Senior Risk Analyst include:

Payment Product Risk Management Approach

• Support the development, implementation, maintenance, and continuous improvement of the payment product risk approach (risk engagement models, frameworks, tools) in alignment with the ERM Program and corporate governance.
• Lead the development and implementation of organization-wide training and change management tools/materials in support of the ERM program.
• Guide and support business units on ERM Program adoption to embed strong risk practices across the organization.

Integrated Oversight, Monitoring & Risk Reporting

• Provide oversight and effective challenge to ensure risks associated with payment systems, initiatives, projects (including the RTR Program), and other change activities are being effectively managed.
• Support and contribute to Enterprise Risk Reporting activities including leading the identification and management of emerging risks, review of and report on risk appetite metrics.
• Conduct fundamental research and analysis on risk issues and provide recommendations on risks that may have an impact on Payments Canada.
• Participate in project teams as appropriate to provide risk analysis and subject matter expertise.
• Provide support on risk focused projects and initiatives.

Relationship Management

• Develop and maintain effective and collaborative relationships with key stakeholders and subject matter experts across the organization.
• Communicate and collaborate with risk management and thought leaders within and outside the Payments Canada membership to gather and provide information, advice and solutions and remain abreast of the latest developments in the risk management field.

Capabilities

• Effective relationship management skills;
• Ability to develop and deliver messaging at a technical and executive level;
• Develops, implements and enhances methodologies in areas of expertise;
• Ability to support risk analysis with supporting research and/or data points;
• Critical reasoning, analytical and problem-solving abilities; and
• High degree of initiative and creativity.

What you need to be successful

• Undergraduate degree in business/commerce or analytics (business analytics, finance, accounting, information systems, process management, etc.);
• Minimum of 5 years of recent experience in risk management, process management, and business analytics/reporting;
• Strong relationship management, presentation and thought leadership skills;
• Knowledge of risk management principles, methodologies/processes, and best practices;
• Ability to effectively influence and constructively challenge stakeholders in support of effective risk management across the organization;
• Experience applying risk management practices to complex projects/initiatives;
• Experience with BI and GRC tools (ServiceNow, Tableau, Smartsheet, etc) is considered as an asset; and
• Eligibility to successfully complete background checks that will be carried out by Payments Canada, including criminal, credit, identity, employment, and education checks.

Salary range

Our target starting rate for this role is$100,300with flexibility based on your experience and qualifications. The full salary range and benefits package are detailed below.

Please submit your application by Oct 2, 2026.