Manager, Risk & Compliance

Permanent Full Time

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We are looking for a Manager, Risk & Compliance.

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 second line of defence Risk & Compliance team. The successful applicant will play a key role overseeing Canada Life’s growing Individual Wealth business, focusing on compliance, conduct, operational, and strategic risks.

As the Manager, Risk & Compliance, you will provide oversight of regulatory compliance and conduct risk for our wealth distribution and manufacturing lines of business. This includes assessing processes and activities to make recommendations to improve compliance and reduce risk to address compliance or regulatory deficiencies.

Reporting into the Director, Risk & Compliance you will be responsible for:

• Effective management and oversight of regulatory compliance management for Individual Wealth:
  • Execute on obligations under OSFI Guidelines E-13 and E-21 as well as other federal and provincial regulatory requirements, including providing challenge, oversight, expertise, and guidance to the business as it relates to our regulatory compliance management obligations associated with Individual Wealth.

• Effective challenge and oversight related to subsidiary governance and conduct risk management:
  • As it relates to our regulatory compliance management obligations associated with Individual Wealth, including oversight of our subsidiaries.

• Effectively demonstrate a high level of technical and business acumen to ensure our compliance and conduct risk is managed appropriately:
  • Demonstrate your knowledge of the wealth and securities landscape (e.g., CIRO/MFDA/IIROC, OSC, provincial securities regulators, etc.) in the execution of second line oversight.
  • This will include participation in business led initiatives which includes providing the business with insights into new and proposed regulatory changes, and assisting with implementation.

What you will do:

• Provide oversight of regulatory compliance, conduct, operational, and strategic risk-related processes in our Individual Wealth line of business as well as timely advice on complex compliance and conduct risk related issues. Effective in making recommendations to senior management to address compliance or regulatory deficiencies and to improve compliance and reduce conduct risk.
• Provide effective (timely and constructive) challenge and oversight over 1st line compliance and risk management processes.
• Use knowledge to ensure processes meet strict regulatory requirements related to securities, insurance, privacy, and other regulatory requirements.
• Interpreting current and changes to, regulation and legislation, at both the provincial and federal level as well as by self-regulatory organizations (CIRO/IIROC/MFDA) and industry groups, making meaning of these changes as applicable for wealth distribution and manufacturing and business lines.
• Communicating regulatory and legislative changes in an appropriate and meaningful fashion to the appropriate audience, providing advice and guidance to the business on the implementation of any changes and ongoing oversight.

• Effective leadership and development of team members. Provide timely responses to regulators.

What you will bring:

• Minimum of 5 years of progressive compliance experience within the financial services industry. With a focus on regulatory compliance management in securities.
• An in-depth knowledge of applicable securities legislation / regulation is required.
• University degree or college diploma (preferably in finance, business, or law); or equivalent.
• CSC, Branch Manager, CIM or PDO, strongly preferred.
• Effectively demonstrate a high level of technical and business acumen to ensure our compliance risk is managed appropriately.
• Ability to apply highly analytical and diverse techniques to resolve a variety of complex situations or problems.
• Strong interpersonal and communication skills for working with internal and external partners.
• Exceptional verbal and written communications skills to ensure significant contacts are handled with diplomacy as there is potential for impact on company’s results/reputation and regulator scrutiny.
• Proven experience making recommendations for the effective implementation of the complex regulatory and compliance issues.
• Very good organizational skills with strong attention to detail, ability to prioritize, multi-task and meet deadlines.
• Comfort with new and changing technology.

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The base salary for this position is between $102,000 - $152,00 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.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves?the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee?has the opportunity to?reach their potential.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

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

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