Manager Risk & Compliance

Permanent Full Time 

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We are seeking a detail-oriented and collaborative professional to support the risk and compliance oversight of the Workplace Solutions business, with a focus on Group Benefits Business including Group Creditor Insurance. As Manager, Risk and Compliance, you will assist in executing second line of defense responsibilities, supporting the implementation of regulatory and operational risk programs, and providing subject matter expertise to business partners and peers across Canada Operations.

Reporting to the Director, Risk and Compliance, you will work closely with the first line of defense to help ensure compliance with regulatory requirements and strengthen the risk culture across the business.

What you will do:

• Support the execution of second line of defense activities, including monitoring, oversight, and challenge of operational risk and regulatory compliance practices within the first line of business.
• Assist in interpreting and applying OSFI Guidelines E-21 and E-13, as well as relevant provincial regulations, to ensure business alignment with regulatory expectations.
• Collaborate with risk and compliance program teams and first line partners to implement frameworks, tools, and processes that support effective risk management.
• Contribute to the review of business initiatives, identifying potential compliance and operational risk impacts, and recommending appropriate controls.
• Prepare and maintain risk and compliance reports, dashboards, and documentation for senior management and governance forums.
• Monitor regulatory developments and support the business in assessing and implementing required changes.
• Promote a strong risk and compliance culture by supporting training, awareness, and continuous improvement initiatives.

What You Will Bring:

• 5+ years of experience in compliance, operational risk, or internal audit within the financial services industry.
• Familiarity with OSFI regulatory guidelines, particularly E-21 and E-13, is an asset.
• Professional certification or designation in risk, compliance, or governance (e.g., CRCM, GRC, CPA, or equivalent) preferred.
• Strong analytical and problem-solving skills, with the ability to assess complex issues and recommend practical solutions.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams.
• Strong organizational skills and attention to detail, with the ability to manage multiple priorities.
• Proficiency in Microsoft Office applications (Outlook, Excel, Word, PowerPoint); experience with risk and compliance systems is an asset.

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The base salary for this position is between  $89,100 - $155,700 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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