Director Risk & Compliance

TechAlliance of Southwestern Ontario, London Economic Development Corporation; Canada; Hybrid; CAD 128,000 - 178,000; Full time

Benefits offered by this job

Career development

Health & wellness benefits

Time off

Financial security

Rewards and recognition

Community emphasis

Job summary

Canada Life in Canada is seeking a Director of Risk and Compliance to oversee regulatory compliance and risk management for Insurance Solutions and Distribution, reporting to the AVP. The role provides independent oversight, leadership for the 2nd line, and supports change management across the business.

The position follows a hybrid work model with three in-office days per week, focusing on managing regulatory obligations and providing guidance on controls.

Qualifications

• 10+ years of progressive compliance and/or operational risk experience within the financial services industry, with experience in the second line of defence an asset.
• Excellent verbal and written communication skills with ability to influence across groups.
• Bilingualism (French and English) is an asset and required for Quebec only for client service needs.

Responsibilities

• Provide independent oversight of strategic initiatives, operational risk and regulatory risk management for Insurance Solutions and Distribution.
• Lead and challenge risk and regulatory compliance management, and provide guidance to the business on controls and potential impacts.
• Monitor regulatory obligations, interpret changes, and support governance and reporting to Global Compliance and Risk.

Skills

Risk management

Regulatory compliance

OSFI knowledge

Stakeholder engagement

Leadership

Job description

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We are looking for a Director, Risk and Compliance supporting the Insurance Solution and Distribution. The role provides an excellent opportunity for the right candidate to learn the pivotal role that Risk & Compliance plays within the organization.

Reporting to the AVP, Risk and Compliance Business Partner Wealth & Advice and Insurance Solutions, the successful applicant will play a key role in regulatory compliance and risk management for Insurance Solutions. As the Director, Risk and Compliance, you will provide independent oversight of strategic initiatives, operational risk and the regulatory risk management framework for Insurance Solutions, and Distribution. 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 leadership withing the Business Partner team, working with a group of risk & compliance professionals in the 2nd line
• Provide oversight of regulatory compliance and risk related processes to strengthen the risk and compliance culture within the organization, focusing on individual insurance and distribution
• 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
• Gather, analyze, and prepare data for quarterly reports to Global Compliance and Risk

What you will bring

• 10 years of progressive compliance and/or operational risk experience within the financial services industry; experience within the second line of defence is an asset
• 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
• 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

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, Montreal, Winnipeg, Toronto. This role follows a hybrid work model, with an in-office presence required three days per week.

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The base salary for this position is between $128,200 - $178,200 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.

Grow with Canada Life

We’reunited by a shared purpose: to improve the financial,physicaland mental well-beingof Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.

We’relooking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers,communitiesand each other.Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you!

What we offer:

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annuallytowardseducation reimbursement.
• Health & Wellness:Flexible health and dental benefits,plus a $5,000 mental health benefit to support your well-being.
• Time Off:In addition to regular vacation andpersonal days,we support communityinvolvement with avolunteer day.
• Financial Security:Company-matching pension plan,share ownership program andadditionalinvestment options.
• Rewards and Recognition:Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis onCommunity:We provide aworkplace whereemployeesfeel connected and supported throughEmployee Resource Groups (ERGs),mentorshipprograms,socialclubsandevents.

We’recommitted to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact [e-mail]. All information provided will be handledin accordance withapplicable laws and Canada Life policies.

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