Assistant Vice President, Operational Risk

 Permanent Full Time

The Assistant Vice President, Operational Risk is responsible for establishing and maintaining risk frameworks that identify, assess, and manage operational risks globally. The successful incumbent will be responsible for ensuring that operational risk frameworks and tools are effectively applied and embedded across the Lifeco group of companies. This role will provide a unified approach to managing and mitigating risks across the organization, ensuring consistency and efficiency.  The role also includes acting as second line of defence for operational risks in our Canadian business.

What you will do:

• Develop, maintain, and enhance the operational risk management framework, methodologies, and policies for all non-technology operational risk categories including but not limited to BCM/DR and third-party, people and business process risks
• Ensure the effective operation of operational risk tools and methodologies across the organization.
• Lead an effective second line oversight of non-technology operational risk strategy and initiatives across Canada
• Monitor, assess, and report on operational risks in the Canada business to the Canada Executive Risk Management Committee and Lifeco Risk team
• Act as an advocate of operational risk across the Canada business and globally.  Engage with internal stakeholders globally to create a risk-aware culture and appropriate and effective three lines of defence model across operational risks and resilience
• Responsible for analysis and reporting on the consolidated Global Risk operational risk profile against the risk appetite for the Enterprise. This includes analysis, insights and impacts gathered through collaborating with the heads of operational risk across our group of companies
• Lead a high-performance and collaborative culture within the team, providing mentorship and training.
• Foster an environment that encourages new approaches, challenges the status quo, and inspires creativity

What you will bring:

• Significant experience building, leading and refreshing high performing teams with an ethos of delivery and continuous improvement
• Experience and knowledge of life insurance and wealth management businesses and products in Canada
• Significant experience as a leader within an operational risk or operations function; if in operations, understanding of and experience in operational risk is essential
• A high level of operational risk subject matter expertise
• Excellent stakeholder management: ability to effectively communicate complex technical concepts to a range of audiences across the organization; experience in working as a business partner is preferred
• Demonstrable ability to understand an organization’s strategy and how operational risk practices can enhance delivery of that strategy.
• Sound judgment and strong analytical skills
• Thrives in an environment that is complex and constantly evolving
• International work experience would be a strong asset
• Relevant current risk or operations qualifications

The base salary for this position is between  $111,000 - $205,500 annually.  This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).  If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Great-West Lifeco and Canada Life - Apply today! 

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. 

At the end of 2023, our companies had over 33,500 employees, 232,000 advisor relationships, and thousands of distribution partners – serving approximately 42 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

Being a part of our organization means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.  

You can be your best here. You are part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

We would like to thank all applicants, however only those who qualify for an interview will be contacted.

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