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Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
What we're building
We now need a Business Unit Risk Officer to support the transformation and the future growth of the business within the Finance function, be a trusted and commercial partner that influences the business to make good financial decisions, by delivering excellent support, expertise and high quality Management Information.
To lead and develop an operational and conduct risk led framework for the division. To maintain the framework appropriately, tailoring the output required for all levels of management. To understand, monitor and influence control effectiveness, and to champion the risk agenda within the division.
To lead the response to regulatory or senior management requests for information predominantly relating to the legacy product book. This requires working across the division and corporate teams, influencing others to meet deadlines delivering an accurate, appropriate, and tailored output.
What you'll do
To develop and operate an appropriate risk framework (predominantly operational and conduct risk) within the division. This includes:
Ensuring the framework is, and remains, fit for purpose.
Engaging with all key stakeholders to understand their risk appetite and control concerns.
Ensuring risk and control information is produced and collated to an appropriate standard.
Maintaining market and product knowledge to understand the environment what the division operates within, and therefore how risks emerge and the context that they operate within.
Ensure that the controls in place appropriately mitigate the risk.
Monitor or assess controls and their effectiveness where needed.
To ensure that the processes and activity that is completed is business focused, effective and efficient avoiding duplication where possible.
To lead and manage the output of the risk framework (predominantly operational and conduct risk) within the division. This includes:
To lead or influence control improvements where appropriate.
To report to senior management on the output of our risk framework. Reports should be professional in nature, tailored to the audience and accurate.
To present information tailored to the audience - from administrator to Executive Director.
To lead a risk management agenda within the division, maintaining an appropriate profile, and ensuring appropriate focus on key issues and risks.
To ensure that the reporting and activity that is completed is business focused, effective and efficient avoiding duplication where possible.
To lead and coordinate activity required to address regulatory needs within the legacy product book. This includes:
Coordinating input from across the business for regulatory or management requests, ensuring that deadlines are met.
Ensuring that the content of all output is accurate, tailored to the audience and professional in nature.
Ensuring that sufficient review has taken place with senior management both within the division and in the corporate functions.
Identifying actions that need to be taken by the division as a result of the findings.
Ensuring that material actions are owned and followed through as appropriate.
Ability to present information tailored to the audience from administrator to Executive Director.
To develop strong working relationships with Risk, Compliance, Audit and all business areas, in order to ensure a regular exchange of information on key issues and changes affecting the business. The aim of which is to ensure that developments within the business are truly understood, and appropriate time can be allocated to manage and mitigate risks that may emerge.
Who you are
Experience in the relevant financial services area.
Technical knowledge and experience of the regulatory framework, particularly around the requirements and expectations in relation to risk management.
Experience of implementing a risk framework, including managing and assessing controls.
Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management. Attention to detail.
Strong influencing skills, with experience of engaging with senior management in order to get desired outcome.
Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.
Proven track record at delivering reporting requirements under tight time pressure
Self-motivated, well-organised, pragmatic and able to perform tasks independently.
Risk or Compliance qualifications
CII qualification desirable
May be a part qualified accountant or actuary with a desire to move into a risk management focused career rather than an actuary or accountant.
What you'll like about working here
As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You'll also receive the support you need with your personal and professional development.
Our focus is to have an engaged, committed and motivated work force, operating in a high performing and collaborative culture. We want to create an organisation that offers opportunities for all our people to develop their skills and talent, and build rewarding careers with us.
Diversity and inclusion
Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.