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Director, Risk & Compliance

Canada Lifeabout 18 hours ago
Hybrid
Senior Level
Full-Time

Top Benefits

Career Development
Education Reimbursement
Flexible Health Benefits

About the role

Permanent Full Time 

   We are looking for a Director, Risk and Compliance supporting the Individual Wealth and Insurance Solution and Workplace solution Business Partner team. The successful applicant will play a key role in regulatory compliance and risk management for Canada Operations while supporting the business partner teams for Individual Wealth, Insurance Solutions, Wealth and Workplace solution. As the Director, Risk and Compliance, you will provide independent oversight of strategic initiatives, operations, and the regulatory risk management framework for Individual Wealth, Insurance Solutions, Workplace solutions and Canada Operations. You will work directly with the first line of defence to provide expertise and guidance on risk management and regulatory compliance to support the business in meeting their requirements. You will be a positive change advocate by suggesting and implementing improvements to the overall risk and compliance culture within the business.   Working directly with both the AVP, Risk and Compliance business partners Workplace Solutions and Individual Wealth & Insurance Solutions, you will be responsible for the following:

Effective management, oversight, and effective challenge of risk and regulatory compliance management for Individual Wealth, Insurance Solutions, Workplace solutions and Canada Operations Oversight and support of strategic initiatives, maintaining awareness of new and existing risk and regulatory compliance requirements, and applying same to provide appropriate guidance to the business on potential impacts and appropriate controls Support the risk & compliance programs in implementing program requirement and process in the business.  Working with the programs and the 1st line risk & controls teams Execute on obligations under OSFI E-13, including providing effective challenge, oversight of the business area including expertise, and guidance as it relates to our operational risk and regulatory compliance management obligations. Monitor, interpret and maintain awareness of new and existing regulatory and compliance requirements, providing expertise, advice, and oversight of regulatory obligations, including providing appropriate guidance to the business on potential impacts and appropriate controls Effectively demonstrate a high level of technical and business acumen to ensure our compliance and conduct risk is managed appropriately. This will include participation in business led initiatives, providing the business with insights into new and proposed regulatory changes, and assisting with implementation

  What you will do: 

Provide oversight of regulatory compliance and risk related processes to strengthen the risk and compliance culture within the organization Oversee strategic initiatives by supporting change management, ensuring planning and implementation appropriately considers risks, impacts and dependencies Assess the adequacy of, adherence to, and effectiveness of risk and compliance procedures and controls and provide reports on potential or actual issues, ensuring they are investigated and remediated as appropriate Collaborate with various internal stakeholders to provide comprehensive support to the business and ensure compliance risk is appropriately managed Provide effective (timely and constructive) challenge and oversight Interpret current and new regulations and legislation at both provincial and federal level using knowledge to ensure processes meet strict regulatory requirements Communicate 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 regulatory changes and ongoing oversight Liaise and consult with the business and provide compliance and risk support, including presentations, webinars, workshops or other education opportunities Gather, analyze, and prepare data for quarterly reports to Global Compliance and Risk

  What you will bring:

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 Post-secondary education preferred, however applicants with an equivalent level of training or experience will be considered Effectively demonstrate a high level of technical and business acumen to ensure our conduct and operational risks are appropriately managed 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 Able to apply critical and analytical thinking to resolve a variety of complex situations Excellent verbal and written communication skills Able to actively adapt to changing business models and new technology Ability to effectively use Microsoft Office programs (Outlook, Excel, Word, PowerPoint) Reliability Status Security Clearance – this can only be completed with candidates who receive an offer of employment. This is a personal security status that is required as a condition of employment before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada  website. The cost of submitting these checks will be covered by Canada Life.

The base salary for this position is between $128,200.00 - $178,200.00 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. 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 additional investment 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  talentacquisitioncanada@canadalife.com. 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.  #LI-Hybrid

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