Senior Risk Analyst, Financial Market Risk (16-month term)

Payments Canada; Ottawa; On-site; CAD 100,000 - 125,000; Full time

Job description

Senior Risk Analyst, Financial Market Risk (16-month term)

Job Description

Posted Monday, July 22, 2024 at 4:00 AM | Expires Tuesday, August 6, 2024 at 3:59 AM

Payments Canada’s purpose is to make payments easier, smarter and safer for all Canadians. We care deeply about our employees’ well-being and are committed to providing a flexible, hybrid work environment that supports in-person connection and remote work.

Get to Know Us

We are a unique organization situated at the centre of Canada’s payments ecosystem. We own and operate payment systems that process hundreds of billions of dollars worth of payment transactions every business day. We convene ecosystem participants to discuss their multiple and diverse interests and ideas, and to navigate industry-level challenges. We adhere to a set of values that in themselves are tensions: Inspire Trust, Build Community and Enable Change.

Our Culture

We are a collaborative, diverse and passionate group of individuals. We support one another, make impactful contributions to the organization, and develop and nurture meaningful connections across our ecosystem!

About the role

Our Financial Market Risk (FMR) team is looking for a Senior Risk Analyst to provide support for the Future State of Retail Batch (FSRB) project. The role requires creativity, collaboration, and a natural curiosity for how retail batch payments work. The incumbent will support the development and design of a new financial risk framework for the clearing and settlement of retail batch payments. This role will work closely with subject matter experts on other teams, our regulators, and our participating financial institutions. This position presents a unique opportunity to participate in the updating of critical financial market infrastructure. We are seeking someone with a breadth of experience in areas such as financial risk, payment products, clearing and settlement, banking, and prior experience working on large projects.

The Future State of Retail Batch (FSRB) project is a key priority for Payments Canada over the next few years. As a Senior Risk Analyst dedicated to this initiative, you will be a key member of a team working to identify, define and document payment processes and assist in the development of the conceptual design, high-level requirements and detailed requirements.

Reporting to the Financial Market Risk Manager, the Risk Analyst will work with the FSRB project team as well as with other business leaders and SMEs to help ensure the objectives for this initiative are met. This is a temporary position for a 16-month term.

What you’ll do

Your responsibilities as a Senior Risk Analyst will include:

Development and Implementation:

• Contribute to the development and implementation of the financial risk framework for a clearing and settlement system of retail batch payments that observes the Bank of Canada’s Risk Management Standards for Prominent Payment Systems (PPS).
• Contribute to the development of FSRB Conceptual design and functional requirements related to financial risk for a system that observes the PPS standards and meets the needs of Payments Canada’s members and other relevant stakeholders.

Project Management:

• Be responsible for project milestones and artifacts, focusing on quality, timeliness, risks, and issues.

Risk Mitigation and Support:

• Support FSRB team members by advising on issues related to payment system financial risks and ensure the mitigation of these risks is appropriately incorporated into project planning and the deliverables of other team members.

Stakeholder Engagement:

• Engage with Payments Canada’s members on issues related to the mitigation and management of financial risks within the system, building consensus, and aligning on the activities required to develop and implement the system. Support coordination of external meetings with members and meeting notes.

Minimum Qualifications

• Post-secondary education in Risk, Finance, Accounting, or a related field;
• A minimum of five (5) years of experience in financial risk, payment products, clearing and settlement, or a related field;
• Prior experience in payment products or clearing and settlement preferred;
• Knowledge of banking, financial markets, risk management, financial market infrastructure;
• Experience supporting business and/or technical transformation projects;
• Experience in building and sustaining day-to-day relationships and communications with internal and external partners and resources;
• Experience preparing and delivering project-related updates to senior leadership;
• Strong analytical skills to analyze data and other business processes to assess financial risk mitigation;
• Strong presentation, written and verbal communication skills which bring clarity and precision at various decision-making meetings;
• Government of Canada Reliability clearance or eligibility to obtain.

Preferred Qualifications

• Bilingualism (English and French) is considered an asset.

Salary Range

• Based on qualifications and experience: $93,637 and $117,046.

Please submit your application by August 05, 2024.

Payments Meets Purpose - What you can expect from us

• Flexible, hybrid (remote/office) environment;
• Competitive compensation package, including annual variable bonus and defined contribution pension plan with employer matching percentage (if eligible);
• Comprehensive health and dental benefit coverage, including mental health coverage, life insurance and a health spending account for you and your dependents (Permanent and temporary employees with contracts 12 months & over);
• Paid time off: minimum four weeks paid vacation, sick and personal days, December Holiday Shutdown and Cultural Holiday Observance Days;
• 26 Weeks of paid maternity and parental leave top-up;
• Rewards and recognition program;
• Access to Office Gym Facilities;
• Internal and external professional development opportunities;
• Fun team and organizational events;
• Monthly All Staff Forums led by our Executive Leadership Team.

Our Diversity, Inclusion and Equity Commitment

At Payments Canada, we are committed to making everyone feel they can be themselves and thrive at work. We will continue to build on a foundation of respect and appreciation for diversity in all forms and collectively create an inclusive and equitable culture where our differences are valued.

We are committed to employment equity and actively encourage applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation by emailing [e-mail].

We thank all applicants for their interest in this opportunity. Preference will be given to Canadian citizens and permanent residents. Only selected candidates will be contacted for an interview. Interviews may be conducted virtually or in person.