Senior Manager of Financial Risk Management

Canada Life; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a talented individual to join their dynamic Financial Risk Management team. In this role, you will leverage your strategic business acumen and technical expertise to provide critical risk advice to senior stakeholders. You will lead initiatives related to financial risks, contribute to regulatory compliance, and enhance internal strategies. This position offers a unique opportunity to develop your skills while working in a collaborative environment that values continuous growth and excellence. If you are proactive and possess strong communication skills, this role is perfect for you.

Qualifications

• Qualified Actuary or relevant degree is essential.
• Strong analytical and problem-solving skills are crucial.

Responsibilities

• Lead a team to deliver quarterly financial risk reports.
• Prepare executive materials and communicate technical concepts.

Skills

Analytical Skills

Communication Skills

Project Management

Interpersonal Skills

Education

Qualified Actuary

Relevant Professional Qualification/Degree

Tools

Liability Cash Flow Modeling

ALM

IFRS 17

Job description

Closing date: 8th May

Location: London

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 had approximately 24,000 employees, 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, liquidity risks, and investment strategies across our group. Our team is fast-growing and dynamic, encouraging the development of diverse knowledge, experience, and skills. We foster continuous growth and excellence in all areas of your role.

What you will do:

1. Lead a team responsible for delivering quarterly reports to various committees and regulatory bodies, including analytical support related to financial risk measurement methodologies and internal strategies.
2. Review and streamline credit, market, and liquidity risk reports.
3. Apply analytics to generate insights into financial risks and global capital markets, informing investment and risk strategies.
4. Prepare executive and Board-level materials, effectively communicating technical concepts.
5. Coordinate with cross-functional teams to ensure timely and high-quality preparation of materials for executive and Board meetings.
6. Prepare for and attend regulatory meetings, coordinating subsequent actions.
7. Evaluate hedging strategies and monitor hedging activities for our product offerings.
8. Lead key initiatives related to emerging financial risks, acquisitions, and regulatory changes.
9. Monitor business activities and external developments that could impact the company's risk profile.
10. Develop a strong understanding of internal strategies for measuring and managing financial risks to identify opportunities for improvements.
11. Build strong relationships with internal stakeholders across our global business.

What you will bring:

• Qualified Actuary or relevant professional qualification/degree.
• Knowledge of life insurance products, liability cash flow modeling, ALM, and IFRS 17.
• Excellent interpersonal and communication skills.
• Ability to work effectively in cross-functional and cross-regional teams.
• Proactive, self-directed, and capable of managing multiple tasks.
• Experience in coaching, mentoring, and managing projects to meet deadlines.
• Ability to communicate complex technical concepts to diverse audiences.
• Strong analytical and problem-solving skills.
• Knowledge of market, liquidity, credit risks, investments, LICAT, and ORSA is advantageous.