Senior Analyst, Enterprise Risk Management - Change Management

TMX Group • Toronto, ON

1d • CA$85,000 - CA$90,000 • Hybrid

About The Position

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?
Join a pivotal second-line position at the heart of Canada's financial market infrastructure. As a Senior Analyst, Enterprise Risk Management - Change Management, you will support 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.”
You will play a key role in identifying, assessing, monitoring, and reporting on significant non-financial risks, working closely with business lines, process owners, and the Senior Leadership Team. This role primarily focuses on the Enterprise Risk Management program — spanning change-management risk evaluation, risk taxonomy, risk appetite, top-risk identification, quarterly reporting, and enterprise-wide training — and provides independent second-line oversight of the non-financial risks and controls owned by the first line of defence.

Requirements

• Bachelor’s degree in Finance, Business Administration, or a related field (Master's degree preferred).
• Minimum of 3 years of relevant experience in risk management, audit, or compliance functions within financial services or consulting firms.
• Experience delivering ERM/ORM projects, including Operational Resilience, Risk Appetite, Third-Party Risk Management, Internal Controls, Business Continuity Management, Crisis Management, Cybersecurity, and related operational resilience concepts.
• Solid understanding of financial institutions, market infrastructures, and financial markets.
• Exceptional written and verbal communication skills, with the ability to articulate complex risk concepts clearly and concisely to diverse audiences.
• Proven ability to work independently with multiple stakeholders across different business units, manage competing priorities effectively, and drive deliverables to completion with minimal supervision.
• A proactive and results-oriented approach, demonstrating ownership and accountability for assigned responsibilities.
• Must be authorized to work in the country where this position is located.

Nice To Haves

• Professional designations in Operational Risk Management, Business Continuity Management, Third-Party Risk Management, and/or Cyber Risk Management (e.g., ORM, CBCP, MBCI).
• Knowledge of 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 to support regular interaction with bilingual partners and stakeholders.

Responsibilities

• Support the identification, assessment, and oversight of the risk profile associated with significant changes and projects.
• Monitor first-line adherence to change management procedures.
• Facilitate post-implementation reviews to capture lessons learned.
• Support the maintenance and continued evolution of the Post-Trade risk taxonomy, ensuring consistent and comprehensive classification of non-financial risks across CDS and CDCC.
• Support the periodic review and refresh of the Risk Appetite Statement, including the calibration of appetite metrics and tolerance thresholds, and the monitoring and escalation of breaches.
• Contribute to the identification, assessment, and monitoring of top and emerging enterprise risks, supporting periodic top-risk reviews with business lines and the Senior Leadership Team.
• Facilitate the end-to-end incident reporting process, ensuring risk events are accurately documented and escalated promptly.
• Support root cause analyses and partner with business units to track the implementation of corrective action plans.
• Prepare quarterly ERM reporting and materials for the Senior Leadership Team, Risk Management Committee (RMC), and Board, aggregating and analyzing risk data into clear insights, trends, and recommendations.
• Support the development and delivery of the enterprise-wide risk training program to embed risk awareness and strengthen risk culture across the first line.
• Support risk assessment and oversight for operational activities.
• Monitor key risk indicators and analyze operational risk data to identify trends and inform strategic decisions.
• Contribute to the quarterly RCSA, periodic process-based RCSA (pRCSA), and the monitoring of Key Risk Indicators (KRIs) across TMX Post-Trade.
• Support the ongoing execution and maturity of the TPRM program by conducting thorough third-party risk assessments across new business initiatives and BAU.
• Facilitate continuous program oversight by analyzing risk data to prepare and present comprehensive quarterly reports to senior management.
• Collaborate with the TMX Information Security Office and key stakeholders to maintain a comprehensive view of cyber risks impacting Post-Trade by tracking emerging threats, monitoring incidents, and embedding cybersecurity considerations into broader non-financial risk programs like TPRM.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior