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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 Regulatory Development and Engagement Manager to support the transformation and the future growth of the business within the Risk & Compliance function. The Compliance Function (part of the 2nd Line of Defence) will be responsible for overseeing and monitoring the activities of the 1st Line of Defence, and providing consistent and technically accurate regulatory advice to the Business. The function will also be responsible for effectively balancing delivery of strong regulatory compliance along with sound commercial implementation.
To analyse and interpret regulatory change and communicate to the relevant business areas, and to manage the relationship with the UK Regulators. Some travel to other office locations and regular travel to London is essential for this role.
What you'll do
Act as a technical resource for the company on regulation and regulatory developments;
Document and deploy a comprehensive range of intelligence gathering approaches to maintain awareness of relevant regulatory developments, both in the UK and in Europe, across all regulators (especially PRA, FCA and EIOPA), in Canada, and in government departments (including HMRC) and Trade Bodies by maintaining a log of all regulatory change and its status
Keep own knowledge up to date and anticipate future regulatory developments
Interpret new regulatory proposals and assess their possible application to Canada Life, as well as other potential market and strategic implications
Provide regular summaries and, when appropriate, analysis of relevant regulatory communications and papers, for Board, Executive and other management and relevant staff, targeted at the needs of the audience
Deal with queries received from the business in a focused and timely manner
To liaise with the Business Support team to ensure the implementation of regulatory change.
Provide MI to Head of compliance technical regarding key items of reg change
To lead on the coordination of regulatory interactions:
Ensuring a constructive relationship is maintained with UK regulators
Provide support to Board members and management in preparing for regulatory meetings
Manage the flow and turnaround of regulatory requests
Maintain a log of regulatory communications ensuring timely closure of actions
Coordinate with the Business Support team and other technical areas to ensure a consistent approach across the company and common understanding of regulatory developments. This will include ensuring ownership of timely and appropriate implementation actions, and where appropriate coordinating responses to regulatory papers.
Initiate and, where appropriate, lead the process to implement regulatory change, working with the compliance team, project office and in the wider business as required (in particular projects related to implementing regulatory changes).
Input to the provision of training to the business on regulatory developments as required.
Who you are
Excellent knowledge and experience of required business processes and controls within life and pensions businesses
Detailed knowledge of regulatory frameworks and requirements, particularly the PRA and FCA handbooks
Strong influencing and stakeholder management skills
Good organisational skills and can work to tight deadlines, particular during periods of faster flow of regulatory communications.
Analytical skills and an ability to assess wider implications of changed practices on our business
Accurate and succinct oral communications and report writing skills
Degree level or equivalent
Have or currently studying for a regulatory or financial services qualification
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.