Director Risk, Governance and Controls

Permanent Full Time 

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As the organization looks to advance our Business Risk & Control function we are seeking an experienced leader to join the team as Director, Risk, Governance & Controls supporting the Individual Wealth business unit and its subsidiaries.  Reporting to the AVP Business Risk & Control, you will play a critical role in supporting the organization’s risk management framework and effectively identify, assess, manage and report operational and conduct risks while maintaining a strong control environment.  

What you will do

• Lead, mentor and develop a high performing team to advance the Business Risk & Control function
• Promote strong risk culture and embed risk management best practices across the business
• Lead the execution and integration of risk management programs and activities including but not limited to, Risk Assessments, Key Risk Indicators, Process Mapping, Business Continuity Management, Scenario Analyses, and End User Computing (EUC).
• Ensure compliance with operating policies, standards, and guidelines
• Identify and report on current and emerging risks within and impacting the business
• Manage the triage, root cause analysis and reporting of risk events and issues
• Oversee the development and maintenance of risk and control documentation including mapping of critical business services
• Develop and implement robust internal control framework and a control testing program to manage and mitigate risks
• Collaborate with business units to develop and monitor key risk indicators (KRIs).
• Support the organization’s response to operational disruptions ensuring effective communication and coordination
• Provide guidance and training to business units on risk management practices.
• Support internal and external audits and regulatory examinations
• Drive resolution of obstacles to streamline audits and timely closure of audit findings
• Ongoing monitoring and reporting of open audit findings
• Stakeholder management

What you will bring

• Solid knowledge of financial services industry and Individual Wealth business
• 10 years experience in operational risk management or related field
• 5+ years leadership experience
• Professional certifications (e.g., CRMA, CIA, CISA, or similar)
• Excellent analytical, communication, and stakeholder management skills 
• Strong understanding of operational risk frameworks and control testing methodologies.
• Collaborative business partner

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The base salary for this position is between $102,300 - $187,700 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 Canada Life- Apply today!

Being a part of Canada Life 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’re 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.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

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.

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

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