Manager Group Compliance

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

Job summary

An established industry player is seeking a compliance expert to oversee regulatory requirements and enhance compliance processes. In this dynamic role, you will collaborate with various teams to monitor compliance risks and support the Group Benefits business. Your analytical skills will be key in interpreting complex regulations and ensuring business practices align with legal standards. This is a fantastic opportunity to make a significant impact while working in a supportive and inclusive environment that prioritizes employee well-being and career growth.

Benefits

Flexible Benefits

Career Development Opportunities

Inclusive Work Environment

Employee Well-being Programs

Qualifications

• 5+ years of experience in compliance or risk management roles.
• Strong understanding of regulatory requirements impacting group insurance.

Responsibilities

• Monitor regulatory developments and communicate risks to stakeholders.
• Oversee compliance testing and ensure effective business controls.

Skills

Regulatory Compliance

Risk Management

Analytical Skills

Communication Skills

Problem-Solving

Education

Bachelor's Degree in Finance or Related Field

Certification in Compliance or Risk Management

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:

As part of the Canadian Compliance function, Group Compliance provides 2nd line of defense (2LOD) oversight of the Group Benefits, Group Retirement Services and Health Solutions business units. Our team is responsible for supporting Sun Life’s Group Benefits business which involves monitoring regulations impacting the business, promoting compliance awareness, overseeing business practices, and supporting enhancements to compliance processes.

Reporting to the Director, Group Compliance, you will collaborate closely with Group Benefits, Operational Risk and other oversight function teams such as Legal, Internal Audit and our peers in Canadian and Corporate Compliance. Leveraging an existing regulatory compliance management (RCM) program, you will be responsible for providing oversight and guidance to Group Benefits (1st line of defence or 1LOD), enabling the business to make informed decisions while meeting regulatory expectations.

We are searching for a candidate with related financial services experience and a solid understanding of how regulatory requirements impact large and complex organizations like Sun Life.

What will you do?

Monitor and communicate regulatory developments, requirements, risks and trends to internal stakeholders

Provide clear, plain language interpretations of new and existing regulatory requirements

Oversee the identification and reporting of compliance risks within Group Benefits and monitor remediation of risks using the Archer RCM program

Support compliance testing and perform monitoring activities to ensure business controls are adequate and effective to comply with applicable regulations

Assess and challenge the effectiveness of 1LOD’s controls and activities

Maintain and update regulatory compliance databases, inventories, and policies

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

Participate in a variety of industry groups and interact with regulators to stay informed about regulatory changes and compliance concerns

Support projects and initiatives to improve compliance processes and practices

Proactively problem solve and identify ways to improve your own work processes and practices, and those of others

What you need to succeed?

At least 5 years of progressive experience in a compliance, risk management or related role, with a demonstrated understanding of regulatory compliance, preferably as it impacts group insurance

Working knowledge of relevant legislation and regulations, such as provincial and federal Insurance and Privacy laws, and Anti-Money Laundering legislation

Excellent analytical and problem-solving skills with the ability to identify compliance risks and assess their impact and severity

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

Strong communication skills to clearly explain regulatory requirements and foster collaboration across teams High ethical standards, sound judgment, and the ability to prioritize and work effectively in a fast-paced and ambiguous 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

Assets

Strong understanding of the Group Benefits business

Familiarity with the three lines of defence (3LOD) model of OSFI-regulated financial institutions such as Sun Life

Experience with the Archer regulatory management system

Experience building relationships and working effectively with diverse teams

What's in it for you?

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

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

We’re committed to creating an inclusive and respectful environment. Our goal is to make sure all ouremployees have the chance to live up to their full potential

We are thrilled to be recognized by Excellence Canada with their top-level certification, the Canada Order of Excellence for Mental Health at Work, for prioritizing employee well-being, fostering a positive work culture, and achieving excellence in mental health

*LI-NB1

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.

At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed.

We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world.

Shape the future

With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter.