23 Aug
|
Canada Life
|
Montreal
23 Aug
Canada Life
Montreal
Temporary Full Time 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.
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 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 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 ~ As this position is posted in several locations, we specify that 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 Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: This role follows a hybrid work model, with an in-office presence required three days per week. This represents base salary only and does not represent other variable compensation components of our total compensation (i.e. annual bonus, commission etc). 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. 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: 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 additionalinvestment options.
Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events. All information provided will be handled in accordance with applicable laws and Canada Life policies.
📌 CCO Claims Re (Montreal)
🏢 Canada Life
📍 Montreal