Director Risk & Compliance

The Canada Life Assurance Company • Montreal, QC

5d • CA$128,200 - CA$178,200 • Hybrid

About The Position

We are looking for a Director, Risk and Compliance supporting the Insurance Solution and Distribution. The role provides an excellent opportunity for the right candidate to learn the pivotal role that Risk & Compliance plays within the organization. Reporting to the AVP, Risk and Compliance Business Partner Wealth & Advice and Insurance Solutions, the successful applicant will play a key role in regulatory compliance and risk management for Insurance Solutions. As the Director, Risk and Compliance, you will provide independent oversight of strategic initiatives, operational risk and the regulatory risk management framework for Insurance Solutions, and Distribution. 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.

Requirements

• 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
• 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

Nice To Haves

• Bilingualism is an asset (fluent in 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. This includes providing effective challenge, oversight of the business area including expertise, and guidance as it relates to our operational risk and regulatory compliance management obligations.
• 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 requirements and processes in the business. Working with the programs and the 1st line risk & controls teams
• 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
• 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 within the organization, focusing on individual insurance and distribution
• 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
• Gather, analyze, and prepare data for quarterly reports to Global Compliance and Risk

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed