Senior Specialist, Enterprise Risk and Operational Resilience

TMX Group; Montreal; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join TMX Group as a Senior Risk Specialist, ERM, where you will play a vital role in supporting the Enterprise Risk Management and Operational Resilience programs. This position involves identifying and managing non-financial risks, ensuring compliance with regulatory requirements, and enhancing the resilience of Canada's financial market infrastructure. Ideal candidates will have a strong background in risk management, excellent communication skills, and a proactive approach to problem-solving.

Benefits

Flexible work arrangements

Generous time-off and leaves

Wellness programs

Qualifications

• Minimum of 5 years of relevant experience in risk management or compliance.
• Strong experience in delivering ORM programs.
• Exceptional written and verbal communication skills.

Responsibilities

• Support the delivery of ERM and Operational Resilience programs.
• Lead the development and execution of the NDL framework.
• Assist in embedding new system capabilities into the ERM program.

Skills

Operational Risk Management

Business Continuity Management

Crisis Management

Communication

Project Management

Education

Bachelor’s degree in Finance

Master's degree

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?

Job Description Summary

Join a pivotal second-line position at the heart of Canada's financial market infrastructure. As a Senior Risk Specialist, ERM you will be instrumental in supporting the delivery of the Enterprise Risk Management (ERM) and Operational Resilience programs across the Canadian Depository for Securities (CDS), Canada's central securities depository, clearing and settlement hub, and the Canadian Derivatives Clearing Corporation (CDCC), the national central counterparty for exchange-traded and over-the-counter derivatives – collectively known as “TMX Post-Trade.”

Reporting to the Manager, ERM, you will play a key role in the identification, assessment, monitoring, and reporting of significant non-financial risks, collaborating closely with business lines, process owners, and the Senior Leadership Team. You will be supporting the enhancement of Operational Resilience of CDS and CDCC, ensuring regulatory requirements relating to Operational Resilience are met, and providing oversight of all the non-financial risks and controls within the 1st line of defence.

Key Accountabilities

Non-Default Loss (NDL) Management

• Maintain and continuously enhance methodologies to update NDL scenarios, assess resource adequacy, and lead annual NDL simulation exercises.

• Lead the development, program rollout, and execution of the NDL framework, including developing guidance for the use and sufficiency of non-default recovery tools.

• Prepare and deliver NDL narratives and exposure estimations for senior management, the Risk Management Committee (RMC), and regulatory authorities.

• Lead the annual update of the Recovery Plan for CDS and CDCC, ensuring alignment with regulatory expectations and best practices.

Operational Risk Management (ORM) and Business Continuity Management (BCM)

• Support Manager, ERM in enhancing the effectiveness of the existing ORM and BCM programs.

• Support the full rollout of the periodic process-based Risk and Control Self-Assessment (pRCSA).

• Support the execution of other ORM and BCM programs, including incident management, Business Impact Analysis (BIA), and Business Continuity Plans (BCPs), etc.

• Assist in embedding new system capabilities into the ERM program, including automation of Risk and Control Self-Assessment, Key Risk Indicators tracking, Incident Management, Operational Resilience monitoring, and Third-Party Risk assessments.

Operational Resilience

• Support the delivery of TMX Post-Trade’s Operational Resilience Program across core business and support functions.

• Assist in the mapping of critical services, associated risks, and key internal and external dependencies.

• Support the definition and ongoing review of impact tolerances for critical services to ensure readiness for severe but plausible disruptions.

• Design and execute stress testing strategies to evaluate the organization’s ability to remain within impact tolerances.

• Support Business Units to create and enhance disruption response plans, including escalation protocols, communications, and ownership responsibilities.

Must haves:

• Bachelor’s degree in Finance, Business Administration, or a related field; Master's degree preferred;

• Minimum of 5 years of relevant experience in risk management, audit, or compliance functions within the financial services industry or consulting firms;

• Demonstrated strong experience in delivering and managing Operational Risk Management (ORM) programs, including but not limited to: Operational Resilience, Risk Appetite, Internal Controls, Business Continuity Management, Crisis Management, Third Party Risk Management, Cyber Security, and other related operational resilience concepts;

• Solid understanding of financial institutions, infrastructures, and markets;

• Exceptional written and verbal communication skills, including the ability to articulate complex risk concepts clearly and concisely to diverse audiences;

• Strong leadership and project management skills, with the ability to drive cross-functional initiatives. Excellent communication and stakeholder management abilities.

• A proactive and results-oriented approach, demonstrating ownership and accountability for assigned responsibilities;

Nice to haves:

• Certifications in Operational Risk Management and/or Business Continuity Management (e.g., ORM, CBCP, MBCI).

• Familiarity with regulatory frameworks (e.g., CPMI-IOSCO Principles for FMIs, OSFI B-10, etc.).

• Fluency in both French and English (written and spoken) is an asset, as this role involves regular interaction with partners and stakeholders in both languages

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.

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 ? Apply now.

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.