Manager, Enterprise Risk Management & Non-Financial Resilience

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?

Reporting to the Director, Post-Trade ERM & Non-Financial Resilience, you will serve as a critical guardian of Canada’s financial infrastructure. This role leads the strategic design and operational execution of Third-Party Risk Management (TPRM), Operational Resilience, and Regulatory Assurance for the Canadian Derivatives Clearing Corporation (CDCC) and Clearing and Depository Services (CDS).

You will bridge the gap between high-level governance and tactical risk management activities, ensuring TMX Post-Trade remains resilient against non-financial threats. As a key advisor to the Risk Management Committee (RMC), you will translate complex risk landscapes into actionable intelligence for Senior Management and Regulators.

This role reports to: Director, Post-Trade Enterprise Risk Management & Non-Financial Resilience.

Workstyle: This role is hybrid (2 - 3 days/week in the office) - We are open to candidates being located in one of our Canadian office locations: Toronto or Montreal.

Key Accountabilities:

1. Strategic TPRM & Governance

• Framework Ownership: Design, implement, and evolve a robust TPRM governance framework tailored to the unique risk appetites of CDCC and CDS.

• Lifecycle Oversight: Lead a team of risk professionals in executing end-to-end TPRM—from initial due diligence and contract negotiation support to ongoing monitoring and offboarding.

• High-Value Advisory: Act as a strategic consultant for the business, collaborating with Legal and Financial Resilience to navigate high-risk vendor engagements and complex Risk Acceptances.

• Global Benchmarking: Future-proof the organization by aligning TPRM practices with evolving global standards (e.g., DORA, OSFI B-10, and CPMI-IOSCO).

2. Operational Risk & Resilience (ORM)

• Resilience Integration: Drive the identification and mitigation of operational risks, ensuring seamless integration between ORM, TPRM, and Business Continuity.

• Advanced Assessment: Lead the execution of RCSA and PRCSA cycles to evaluate control effectiveness and identify residual risk gaps.

• Change Management Risk Management: Support Change Management Risk Evaluation (CMRE) processes, including the identification, assessment, and oversight of risks associated with significant changes, projects, and strategic initiatives, as well as facilitation of post-implementation reviews and incorporation of lessons learned.

• Incident Intelligence: Support Manage the incident lifecycle, from root cause analysis (RCA) to remediation tracking, ensuring lessons learned are institutionalized to prevent recurrence.

3. Regulatory Excellence & Emerging Risk

• Regulatory Liaison: Serve as a Subject Matter Expert (SME) for non-financial risk during regulatory examinations, ensuring high-quality, transparent, and timely submissions.

• Horizon Scanning: Develop methodologies to identify and assess emerging threats (e.g., AI risks, geopolitical shifts, concentration risk) and brief the CRO and SLT on potential impacts.

• Strategic Alignment: Support the Post Trade ERM Director and the CRO to ensure risk practices not only meet but also anticipate regulatory mandates and industry best practices.

4. Leadership & Stakeholder Influence

• Talent Development: Manage and mentor a shared pool of risk analysts, fostering a culture of high performance, continuous learning, and accountability.

• Cross-Functional Collaboration: Partner with heads of Technology, Legal, and Operations and other first-line teams to embed a proactive risk culture across the first and second lines of defense.

• External Engagement: Work with external parties (e.g., regulators, global associations) to integrate best practices and elevate Post-Trade’s risk framework.

• Consultant Leadership: Lead external consultants in reviewing and improving existing risk management frameworks to support TMX Post-Trade in enhancing practices.

Skills & Experience:

Must Have(s):

• Experience: 7+ years of risk management experience, specifically within TPRM and regulatory compliance in financial services or an FMI environment.

• Education: Master’s degree in Risk Management, Cybersecurity, or MBA (Bachelor’s with exceptional experience considered).

• Leadership: Proven ability to lead cross-functional teams and influence senior governance committees.

• Leadership & Project Management: Proven ability to lead cross-functional teams, influence senior governance committees and regulators, and possess I need to send a feedback email strong project management skills.

• Communication: Superior communication skills, with the talent for simplifying complex technical risk issues for regulators and executives.

Nice to Have(s):

• Relevant Certifications: Canadian Risk Management (CRM), Third-Party Risk Management (TPRM), or a related professional course.

• Language Skills: French is a Desirable/Asset

• Technical Edge: Familiarity with Artificial Intelligence/Generative AI tools (e.g., Gemini) for research, content drafting, or enhancing operational

Salary Range: $110,000/year - $125,000/year CAD.

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 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.