Director of Financial Risk Management

Canada Life UK; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Director of Financial Risk Management to lead a dynamic team. This role involves supporting the financial risk framework, preparing insightful reports for senior stakeholders, and managing cross-functional relationships. The ideal candidate will have a strong actuarial background and excellent communication skills, enabling them to present complex financial concepts clearly. Join a forward-thinking organization that values diversity and fosters an inclusive workplace, where your contributions will help shape strategic risk management initiatives across the organization.

Qualifications

• Qualified Actuary or relevant professional qualification required.
• Strong analytical and problem-solving skills are essential.

Responsibilities

• Lead a team delivering quarterly reports to committees and regulatory bodies.
• Prepare executive materials and communicate technical concepts effectively.

Skills

Analytical Skills

Communication Skills

Project Management

Problem Solving

Interpersonal Skills

Education

Qualified Actuary

Relevant Professional Qualification

Tools

ALM

IFRS 17

Liability Cashflow Modeling

Job description

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A unique opportunity in our Financial Risk Management team to apply your strategic business acumen, technical expertise, and strong communication skills to develop guidance and risk advice for senior stakeholders.

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the US, and Europe under the brands Canada Life, Empower, and Irish Life. As of 2019, our companies employed approximately 24,000 people, had 197,000 advisor relationships, and thousands of distribution partners, serving over 31 million customer relationships across these regions.

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, supporting oversight of market, credit, and liquidity risks, as well as investment strategies across our group. Our team is fast-growing and dynamic, encouraging diverse knowledge, experience, and skills development.

What you will do:

You will support the management of the Company’s financial risk framework by:

1. Leading a team responsible for delivering quarterly reports to committees and regulatory bodies, including analytical support related to financial risk measurement methodologies and internal strategies.
2. Reviewing credit, market, and liquidity risk reports and streamlining reporting processes.
3. Applying analytics to generate insights specific to financial risks and global capital markets to inform investment and risk strategies.
4. Preparing executive and Board-level materials, effectively communicating technical concepts.
5. Supervising coordination with cross-functional areas to ensure timely and high-quality preparation of materials.
6. Preparing for regulatory meetings, attending, and coordinating subsequent actions.
7. Evaluating hedging strategies and monitoring hedges for our product offerings.
8. Leading key initiatives related to emerging financial risks, acquisitions, and regulatory changes.
9. Monitoring business activities and external developments that could alter the company's risk profile.
10. Building strong relationships with internal stakeholders across our global business.

What you will bring:

1. Qualified Actuary or relevant professional qualification.
2. Knowledge of life insurance products, liability cashflow modeling, ALM, IFRS 17.
3. Excellent interpersonal and communication skills.
4. Effective participation in cross-regional teams.
5. Proactive, self-directed, capable of multitasking.
6. Experience coaching and managing projects.
7. Ability to present complex concepts to diverse audiences.
8. Strong analytical and problem-solving skills.
9. Knowledge of market, liquidity, credit risk, investments, LICAT, and ORSA is advantageous.

Great-West Lifeco is a Canadian-headquartered international financial services company operating in Canada, the US, and Europe under the brands: Canada Life, Empower, and Irish Life. As of 2023, we employ over 33,500 people, have 232,000 advisor relationships, and serve approximately 42 million customers.

We value diversity and inclusion, fostering a workplace where all employees and customers are respected and supported. We are committed to removing barriers and providing equal access to employment opportunities.

To request accommodations during the application process, contact [e-mail].

We thank all applicants; only those selected for an interview will be contacted.

Senior level

• Mid-Senior level

Employment type

• Full-time

Job functions

• Accounting/Auditing, Finance, and Others