Manager, Regulatory Compliance & Governance

The Canada Life Assurance Company • Toronto, ON

13d • CA$102,000 - CA$152,000 • Hybrid

About The Position

Canada Life's 1B Business Risk and Control team is seeking a Manager, Regulatory Compliance & Governance to support the Wealth & Advice business unit and its subsidiaries. This role is key in ensuring adherence to regulatory requirements and internal policies, providing oversight of regulatory compliance for wealth and asset management businesses, and collaborating with subsidiary compliance teams. The position reports to the AVP, Business Risk and Control.

Requirements

• 5+ years of progressive compliance experience within the financial services industry
• Proven ability to interpret complex regulatory requirements and translate them into practical business solutions
• Strong analytical and problem-solving skills, with the ability to assess complex issues and recommend practical solutions
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams
• Strong organizational skills and attention to detail, with the ability to manage multiple priorities
• Proficiency in Microsoft Office applications (Outlook, Excel, Word, PowerPoint)
• University degree or college diploma (preferably in finance, business, or law); or equivalent

Nice To Haves

• An in-depth knowledge of applicable securities legislation/regulation is considered an asset
• 2+ years of experience in the business/functional area with people management role considered an asset
• experience with compliance management systems and risk assessment tools is considered an asset

Responsibilities

• Provide advice and oversight on the development, implementation and maintenance of the compliance framework aligned with financial services regulations (e.g. OSFI, CIRO), as well as other applicable federal and provincial regulations, to ensure business alignment with regulatory expectations
• Manage and/or monitor the implementation of regulatory change programs across the business unit, including working closely with wealth and asset management subsidiary compliance teams to interpret regulatory changes, assess impact on business operations, and engage stakeholders accordingly in assessing and implementing required changes
• Monitor, oversee and report on the remediation of compliance related deficiencies, including but not limited to internal audit, 2nd line of defence compliance monitoring and assessment, quality assurance, risk events and other ad hoc reviews
• Provide oversight related to subsidiary governance and conduct risk management as it relates to regulatory compliance management obligations associated with the Wealth & Advice business unit and its subsidiaries
• Complete compliance risk assessments and thematic reviews to assess emerging risk themes for each wealth and asset management subsidiary
• Develop and maintain business unit specific compliance metrics and reporting
• Work collaboratively with business and functional partners to provide practical, risk-based oversight and advice on a wide range of matters impacting our wealth and asset management businesses
• Execute testing of controls related to regulatory compliance obligations

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: Manager
• Education Level: Associate degree