Manager Risk & Compliance

Permanent Full Time 

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We are looking for a Manager, Risk and Compliance supporting the Insurance Solution and Distribution Business Partner team.

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: London, Toronto, Winnipeg or Montreal.

Reporting to the Director, Rick and Compliance, the successful applicant will play a key role in regulatory compliance and risk management for Canada Operations while supporting the business partner teams for Individual Wealth, Insurance Solutions, Wealth and Workplace solution. As the Manager, Risk and Compliance, you will provide independent oversight of strategic initiatives, operations, and the regulatory risk management framework for Individual Wealth, Insurance Solutions, Workplace solutions and Canada Operations.  You will work directly with the first line of defence to provide expertise and guidance on risk management and regulatory compliance to support the business in meeting their requirements. You will be a positive change advocate by suggesting and implementing improvements to the overall risk and compliance culture within the business.

What you will do:

• Effective management, oversight, and effective challenge of risk and regulatory compliance management for Insurance Solutions, and Distribution 
• Execute obligations under OSFI E-13 Regulatory Compliance Management and E-21 Operational Risk & Resiliency.   This includes providing effective challenge, oversight of the business area including expertise, and guidance as it relates to our operational risk and regulatory compliance management obligations. 
• Oversight and support of strategic initiatives, maintaining awareness of new and existing risk and regulatory compliance requirements, and applying same to provide appropriate guidance to the business on potential impacts and appropriate controls 
• Support the risk & compliance programs in implementing program requirements and processes in the business.  Working with the programs and the 1st line risk & controls teams 
• Monitor, interpret and maintain awareness of new and existing regulatory and compliance requirements, providing expertise, advice, and oversight of regulatory obligations, including providing appropriate guidance to the business on potential impacts and appropriate controls
• Provide oversight of regulatory compliance and risk related processes to strengthen the risk and compliance culture within the organization
• Oversee strategic initiatives by supporting change management, ensuring planning and implementation appropriately considers risks, impacts and dependencies
• Assess the adequacy of, adherence to, and effectiveness of risk and compliance procedures and controls and provide reports on potential or actual issues, ensuring they are investigated and remediated as appropriate
• Collaborate with various internal stakeholders to provide comprehensive support to the business and ensure compliance risk is appropriately managed
• Provide effective (timely and constructive) challenge and oversight
• Interpret current and new regulations and legislation at both provincial and federal level using knowledge to ensure processes meet strict regulatory requirements
• Communicate regulatory and legislative changes in an appropriate and meaningful fashion to the appropriate audience, providing advice and guidance to the business on the implementation of regulatory changes and ongoing oversight
• Liaise and consult with the business and provide compliance and risk support, including presentations, webinars, workshops or other education opportunities
• Gather, analyze, and prepare data for quarterly reports to Global Compliance and Risk

What you will bring:

• 5 years of progressive compliance and/or operational risk experience within the financial services industry; experience within the second line of defence is an asset
• Post-secondary education preferred, however applicants with an equivalent level of training or experience will be considered Effectively demonstrate a high level of technical and business acumen to ensure our conduct and operational risks are appropriately managed
• Strong interpersonal skills and ability to build relationships and influence change effectively with a broad range of individuals and groups Very good organizational skills with strong attention to detail, ability to prioritize, multi-task and meet deadlines
• Able to apply critical and analytical thinking to resolve a variety of complex situations
• Excellent verbal and written communication skills Able to actively adapt to changing business models and new technology
• Ability to effectively use Microsoft Office programs (Outlook, Excel, Word, PowerPoint)
• As this position is posted in several locations, we specify that bilingualism is an asset (fluent in French and English) but is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs

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The base salary for this position is between  $84,900 - $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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