Manager, Regulatory Compliance & Governance

Canada Life; Winnipeg; On-site; CAD 102,000 - 152,000; Full time

Benefits offered by this job

Education reimbursement

Health & dental benefits

Volunteer day

Pension plan

Share ownership program

Employee recognition

ERGs & mentorship

Job summary

Canada Life is seeking a Manager, Regulatory Compliance & Governance to lead the regulatory oversight for the Wealth & Advice business unit and its subsidiaries. You will ensure adherence to OSFI/CIRO requirements and partner with subsidiary teams on regulatory changes.

You will manage compliance risk, develop metrics, and oversee governance and conduct risk related to regulatory obligations across the wealth and asset management businesses.

Qualifications

• 5+ years of progressive compliance experience within the financial services industry.
• Knowledge of securities legislation/regulation is an asset.
• Ability to interpret regulatory requirements into practical business solutions.
• 2+ years in the business/functional area with people management experience is an asset.
• Proficiency in MS Office; experience with compliance management systems is an asset.

Responsibilities

• Provide advice and oversight on the development, implementation and maintenance of the compliance framework aligned with financial services regulations to ensure business alignment with regulatory expectations.
• Manage and/or monitor the implementation of regulatory change programs across the business unit and engage stakeholders accordingly.
• Monitor and report on remediation of compliance deficiencies including internal audit, 2nd line monitoring and risk events.
• Provide oversight related to subsidiary governance and conduct risk management for Wealth & Advice units.
• Complete compliance risk assessments and thematic reviews for wealth and asset management subsidiaries.
• Develop and maintain unit-specific compliance metrics and reporting.
• Collaborate with partners to provide practical, risk-based oversight and advice on a wide range of matters.
• Execute testing of controls related to regulatory compliance obligations.

Skills

Regulatory compliance

Securities regulation

People management

Analytical skills

Communication

Organization

MS Office

Education

University degree or college diploma in finance, business, or law

Tools

Compliance management systems

Job description

Permanent Full Time

Do you want to be part of a supportive and collaborative team? Do you want every day to involve new and interesting challenges? Do you want to make a difference to the company and its customers? If so, we’re searching for the right candidate to join Canada Life’s 1B Business Risk and Control team. As the organization continues to advance its Business Risk & Control function, we are seeking a Manager, Regulatory Compliance & Governance to join the team supporting the Wealth & Advice business unit and its subsidiaries.

Reporting to the AVP, Business Risk and Control, you will play a key leadership role in ensuring the Wealth & Advice business unit’s adherence to regulatory requirements and internal policies. You will provide oversight of regulatory compliance for our wealth and asset management businesses and work closely with subsidiary compliance teams.

What You Will Do

• Provide advice and oversight on the development, implementation and maintenance of the compliance framework aligned with financial services regulations (e.g. OSFI, CIRO), as well as other applicable federal and provincial regulations, to ensure business alignment with regulatory expectations
• Manage and/or monitor the implementation of regulatory change programs across the business unit, including working closely with wealth and asset management subsidiary compliance teams to interpret regulatory changes, assess impact on business operations, and engage stakeholders accordingly in assessing and implementing required changes
• Monitor, oversee and report on the remediation of compliance related deficiencies, including but not limited to internal audit, 2nd line of defence compliance monitoring and assessment, quality assurance, risk events and other ad hoc reviews
• Provide oversight related to subsidiary governance and conduct risk management as it relates to regulatory compliance management obligations associated with the Wealth & Advice business unit and its subsidiaries
• Complete compliance risk assessments and thematic reviews to assess emerging risk themes for each wealth and asset management subsidiary
• Develop and maintain business unit specific compliance metrics and reporting
• Work collaboratively with business and functional partners to provide practical, risk-based oversight and advice on a wide range of matters impacting our wealth and asset management businesses
• Execute testing of controls related to regulatory compliance obligations

What You Will Bring

• 5+ years of progressive compliance experience within the financial services industry
• An in-depth knowledge of applicable securities legislation/regulation is considered an asset
• Proven ability to interpret complex regulatory requirements and translate them into practical business solutions
• 2+ years of experience in the business/functional area with people management role considered an asset
• 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 compliance management systems and risk assessment tools is considered an asset
• University degree or college diploma (preferably in finance, business, or law); or equivalent

The base salary for this position is between $102,000 - $152,000 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’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.

We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and 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 annually towards education 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 and personal days, we support community involvement with a volunteer day.
• Financial Security:Company-matching pension plan,share ownership program and additionalinvestment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

Learn more about Canada Life.

We’re committed 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 handled in accordance with applicable laws and Canada Life policies.

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