OTTAWA, June 11, 2018 – Payments Canada, the country’s financial market infrastructure for payments, today announced that Peter Dodic joins its Executive Leadership Team as Chief Risk Officer.
Previously, Mr. Dodic held the position of Managing Director, Operational Risk Management at BMO Financial Group. He is a seasoned risk professional with extensive experience in operational risk management, business continuity planning, and financial strategy.
“The addition of Peter builds out further the risk expertise at Payments Canada, preparing us well for the future as our payments Modernization program shifts into execution mode.” said Gerry Gaetz, President & CEO of Payments Canada. “It is essential we build the right capacity and capability in our people at this important moment in time as we transform the payment system for the benefit of all Canadians.”
Payments Canada is leading a multi-year industry program to modernize the infrastructure, rules and standards that underpin payments in Canada. These improvements will strengthen our resilience, align with international standards and create a platform for innovation, enabling new and exciting ways for Canadians to pay for goods and services, transfer funds and exchange data about their payments. Supporting innovation at the customer level will be a faster, more flexible and secure payments infrastructure that puts Canada at the leading edge of payments.
For more information on payments Modernization in Canada, visit modernization.payments.ca
About Payments Canada
Payments Canada ensures that financial transactions in Canada are carried out safely and securely each day. The organization underpins the Canadian financial system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated systems, bylaws, rules and standards. The value of payments cleared by Payments Canada’s systems in 2017 was approximately $50 trillion or $200 billion every business day. These encompass a wide range of payments made by Canadians and businesses involving inter-bank transactions, including those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the Catalyst Accord and The 30% Club.
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