Manager, Compliance

Sun Life Financial; Waterloo; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a compliance professional to oversee Health Solutions. This role emphasizes collaboration across various business areas to manage compliance risks effectively. You'll be integral in promoting compliance awareness and ensuring adherence to regulatory requirements, all while navigating a dynamic environment. The position offers a hybrid work model and a supportive culture that values diversity and inclusion. Join a team where your contributions will make a significant impact on clients' financial security and health outcomes.

Benefits

20 vacation days per year

Flexible Benefits

Pension and savings programs

Access to Global Learning Centre

Wellness programs

Qualifications

• 2 to 5 years of experience in an OSFI-regulated environment.
• Strong understanding of regulatory compliance in financial services.

Responsibilities

• Build and maintain a regulatory inventory for Health Solutions.
• Ensure robust compliance structures are in place.

Skills

Regulatory Compliance

Risk Management

Communication Skills

Interpersonal Skills

Analytical Skills

Education

Relevant University Degree

Experience in Oversight Function

Education Background in Healthcare

Tools

Archer Regulatory Management System

Job description

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Reporting to the Director, Health Solutions Compliance, this role focuses on the day-to-day compliance oversight of Health Solutions at Sun Life Health. As part of the second line of defense, you will collaborate with members from various business areas, including Operational Risk, Legal, and Internal Audit, to ensure compliance risks are managed according to regulatory requirements.

This role requires a significant amount of independent work and, requires the ability to navigate ambiguity with ease. Utilizing an established regulatory compliance management (RCM) program, you will provide oversight and guidance to the second line of defense (2LOD), empowering the business unit to make informed decisions while adhering to regulatory expectations.

A compliance or risk professional, you have financial services experience, with a strong understanding of regulatory requirements as they impact the Health Ecosystem. You demonstrate high personal and professional standards, act with integrity, and operate as a trusted partner for the mitigation of compliance risks by providing advice, oversight and challenge in support of helping Clients achieve lifetime financial security and live healthier lives.

What will you do?

Build and maintain a regulatory inventory for Health Solutions, Compliance

Promote compliance awareness and provide effective challenge of 1LOD activities

Ensure business has robust compliance structures in place, integrated with Sun Life’s existing RCM program

Assist 2LOD in designing and making available compliance-related training for relevant staff

Provide business with interpretation on existing, new, and amended Compliance requirements

Report on compliance programs, emerging and potential risks, control weaknesses, significant issues, and key regulatory developments

Assess the adequacy and effectiveness of controls to ensure they are sufficiently robust to achieve compliance with applicable regulatory requirements

Perform compliance testing on established controls within the business

Develop and maintain relationships with key stakeholders in business, operations, compliance, audit, legal, and with regulatory staff

What do you need to succeed?

2 to 5 years of experience in an OSFI-regulated environment, with alignment to a three lines of defence model

Demonstrated experience and understanding of regulatory compliance within the financial services sector, with specific understanding and experience within health products

Relevant university degree and/or experience in an oversight function

Experience or education background in healthcare

Knowledge of key operational supporting functions and applicable regulatory rules

Ability to distill complex requirements without oversimplifying or missing critical components

Ability to understand the overall theme of a regulatory requirement despite the abundance of detailed provisions

Ability to identify compliance risks and assess the severity of the risk

Excellent oral and written communication skills with demonstrated relationship management and conflict resolution skills

Ability to effectively prioritize in a diverse and fast paced environment

Ability to work with ambiguity

Strong interpersonal skills and experience working in a team environment

As this position is posted in several locations, we specify that bilingualism (French, English, both oral and written) is required for Quebec only for the frequent interactions with English and French-speaking colleagues or internal partners across Canada or worldwide.

Preferred Skills:

Experience with Archer regulatory management system is an asset

What's in it for you?

Hybrid work environment

A friendly, collaborative, and inclusive culture

20 vacation days per year

Flexible Benefits from the day you join to meet the needs of you and your family

Pension, stock and savings programs to help build and enhance your future financial security

The opportunity to move along a variety of career paths with amazing networking potential

Access to our Global Learning Centre, available 24/7 for your learning needs

Wellness programs that support the three pillars of your health – mental, physical and financial

Recent Awards:

We are honoured to be recognized as a 2022, 2023 and 2024 Best Workplaces in Canada by Great Place to Work Canada

Great Place to Work list for Best Workplaces for #HybridWork 2022

Great Place to Work list for Best Workplaces for Professional Development in Canada 2022

Named “Best Places to Work” by Glassdoor, 2021 and 2023

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The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to [e-mail] .

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.