Strategic Director, Risk & Compliance

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

Benefits offered by this job

Career Development

Health & Wellness

Time Off

Financial Security

Rewards & Recognition

Community

Job summary

Canada Life is seeking a Director, Risk and Compliance to provide independent oversight of regulatory compliance and risk management for Insurance Solutions and Distribution. You will partner with the first line of defence and lead a team of risk and compliance professionals to strengthen the organization’s risk culture.

The role involves monitoring regulatory changes, ensuring OSFI obligations are met, and guiding strategic initiatives with planning and controlled change, while maintaining

Qualifications

• 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
• Excellent verbal and written communication skills
• Able to actively adapt to changing business models and new technology
• Bilingualism is an asset (French and English) but is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs

Responsibilities

• 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
• Oversight and support of strategic initiatives, maintaining awareness of new and existing risk and regulatory compliance requirements
• Support the risk & compliance programs in implementing program requirements and processes in the business
• Monitor, interpret and maintain awareness of new and existing regulatory and compliance requirements
• 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
• Oversee strategic initiatives by supporting change management, ensuring planning and implementation appropriately considers risks
• Assess the adequacy of, adherence to, and effectiveness of risk and compliance procedures and controls and provide reports
• Collaborate with various internal stakeholders to provide comprehensive support to the business
• Provide effective (timely and constructive) challenge and oversight
• Interpret current and new regulations and legislation at provincial and federal level to meet requirements
• Communicate regulatory changes to the business with guidance on implementation
• Gather, analyze, and prepare data for quarterly reports to Global Compliance and Risk

Skills

Compliance experience

Operational risk

Regulatory knowledge

Interpersonal skills

Communication skills

Adaptability

Bilingual (English/French)

Job description

Canada Life is seeking a Director, Risk and Compliance to provide independent oversight of regulatory compliance and risk management for Insurance Solutions and Distribution. You will partner with the first line of defence and lead a team of risk and compliance professionals to strengthen the organization’s risk culture.

The role involves monitoring regulatory changes, ensuring OSFI obligations are met, and guiding strategic initiatives with planning and controlled change, while maintaining