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?

The Head of Risk, TSX Trust is responsible for developing and leading TSX Trust’s Enterprise Risk Management (ERM) Strategy. This leadership role requires an experienced risk professional who is able to gain credibility quickly in business meetings with leaders and staff across the organization who know their businesses.

We are looking for a Chief Risk Officer with integrity, a strong team orientation, an ability to understand how the parts of the organization affect the whole of the Company, and who has the ability to engage, listen, effectively partner and respond with agility as the ERM program continues to advance in its transformational journey. As a strong ambassador for risk management, this person will play an important role in leading ERM to help deliver on its priorities and objectives, understanding that achieving effective integration of enterprise-wide risk management practices is challenging but rewarding work as it is fundamental to helping TSX Trust as a whole achieve its top objectives. This will involve demonstrating on a daily basis the value of risk management to the Company and implementing actions necessary to improve risk capabilities across the organization.

Risk management responsibilities include:

• Leading and managing the risk management team, ensuring that talent is engaged and developed, and periodically assessing the numbers and competencies of risk management staff
• Accountability for annual risk management function budget planning,
• Providing strategic direction regarding adherence to the risk management framework and policies, procedures and management information requirements across the business,
• Leading, driving and embedding best practice risk management across the business, driving remedial action plans to improve business and move towards agreed upon risk positions,
• Upholding the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with the Company’s strategy and risk appetite,
• Monitoring risk regulations and guidelines to ensure changes are made to programs and policies as required, driving and embedding a risk culture and promoting compliance with risk-related policies and regulations throughout the organization,
• Ensuring that Company-wide risk systems are being used effectively,
• Leading business continuity for the Company, including partnering with the technology group and management to oversee disaster recovery, business continuity and business planning,
• Working with clients to provide an overview of risk management related to their business and allowing them to execute on their mandate as they outsource services to TSX Trust.
• Ensuring that all key risks are identified, assessed, measured, managed, monitored and reported in the context of the Internal Capital Adequacy Assessment Process (ICAAP)
• Developing and maintaining robust second line test procedures for the risk control framework, engaging relevant stakeholders and subject-matter experts; implementing a program to assess these tests on an annual basis as required by local regulatory bodies
• Promoting a positive culture of informed risk-taking through training, communication and awareness of the risk framework
• Proactive management, development and maintenance of intra-group relationships
• Reporting at least on a quarterly basis to senior management and the Risk & Audit Committee, escalating and providing information and perspectives on material issues relevant to this mandate
• Chairing the TSX Trust Risk Management Committee,
• Reporting to the TSX Trust board of directors and relevant committees on risk matters as required.
• Partnering closely with the Legal and Compliance teams to cover other joint regulatory and risk responsibilities that may arise
• Interacting with OSFI and other regulatory bodies on risk issues as may be required, ensuring adequate reporting and processes are in place.

Knowledge, Skills and Experience:

• Bachelor’s degree in business administration, economics, finance, law or other relevant discipline
• Minimum of 8-10 years of relevant combined experience in a risk management function in a management capacity, preferably with OSFI supervised federally regulated financial institutions
• Strong process, policy and project management experience
• A successful track record and proven hands-on experience leading, managing and developing risk management and compliance teams and functions within the Canadian financial services industry, specifically, federally regulated financial institutions
• Genuine business orientation with the professional stature and credibility to influence and command the respect of risk and compliance professionals along with business leaders and regulators
• Minimum of 5 years of relevant experience dealing with privacy legislation and management of the associated compliance programs, Certified Information Privacy Professional (CIPP/C) certification preferred
• Demonstrated knowledge of financial markets, the securities industry, Canadian federal trust and loans companies and the regulatory structures with a focus on OSFI supervised federally regulated financial institutions
• A leader with a high degree of integrity, forethought and proactivity
• Strong emotional intelligence and an ability to communicate clearly and persuasively
• Strong analytical, attention to detail and critical thinking skills combined with ability to maintain focus on the big picture
• Ability to work collaboratively across business lines and corporate functions and to understand how the parts of the organization affect others within the organization and/or the organization as a whole
• The ability to persevere in the face of challenges with the understanding that while modernizing a risk management and compliance program will present certain challenges, it is fundamental to helping the enterprise achieve its top objectives
• Proven ability for practical and innovative problem solving
• Enthusiasm and energy combined with a clear sense of how to “make it happen” through teamwork, engagement and commitment
• Ability to lead and partner with multiple stakeholders on complex projects in order to move the dial

Nice to Have but not Necessary:

• Professional designation or working towards designation in risk management (FRM, PRM, CFA)
• Completion of the Canadian Securities Course
• Working knowledge of Google for Work
• Minimum of 5 years of relevant experience dealing with anti-money laundering legislation and management of the associated compliance programs, Certified Anti-Money Laundering Specialist (CAMS) certification preferred

This role is hybrid (3 -4 days in the office) - based in Toronto, ON.

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.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

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.