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- Tasks: Lead compliance projects, evaluate regulatory controls, and ensure customer outcomes.
- Company: Canada Life UK is a modern, agile organisation focused on retirement, investment, and protection needs.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Join a culture that values curiosity, collaboration, and personal development while making a positive impact.
- Qualifications: Degree level qualification or equivalent; studying for Compliance or Audit qualification is a plus.
- Other info: Flexible working arrangements available to accommodate diverse needs.
The predicted salary is between 42000 - 84000 ÂŁ per year.
Join to apply for the Compliance Assessment Officer role at Canada Life UK
Join to apply for the Compliance Assessment Officer role at Canada Life UK
Direct message the job poster from Canada Life UK
Location: Can be located either within our London or Hertfordshire Office
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.
Job Summary:
Reporting to the Head of Compliance Assessment, the role provides compliance oversight through planning and leading projects to independently test and evaluate the effectiveness of regulatory controls, risk management process and governance practices across Canada Life UK Limited (CLUK).
This helps provide an objective view of how CLUK is operating to ensure the right customer outcomes are achieved through compliance with policies, procedures and regulatory requirements, enabling the Chief Compliance Officer to give an informed compliance opinion.
To be successful in the role you’ll have demonstrable experience in the Core Responsibilities:
• Apply critical thinking to analyse information from multiple sources, drawing conclusions and making informed and timely, decisions.
• Simultaneously managing multiple assessment projects across all lifecycle stages (planning, testing, reporting, follow-up) using project and time management methods, ensuring timely delivery and quality with minimal supervision.
• Independently identifying and assessing risk, Identifying key controls within a process, designing internal controls and repeatable test plans.
• Conducting independent testing and validation of key controls to ensure they are well-designed and working effectively to reduce risks and provide good customer outcomes.
• Suggesting corrective actions to fix the root cause of control gaps and monitoring progress of managements actions until completed.
• Maintaining consistent, transparent communication and documenting weekly progress updates with second-line Business Partners and key first-line stakeholders throughout the project delivery lifecycle. Effectively presenting findings and recommendations to senior stakeholders and providing a thorough assessment of the internal control environment via both verbal presentations and formal written reports.
• Staying informed about the CLUK business priorities, strategic plans, and key area of regulatory focus impacting CLUK.
• Embracing change, learning from experiences, and adapting quickly to evolving circumstances in a collaborative and proactive manner
The following skills and experiences are highly beneficial:
• Experience testing design and effectiveness of controls using a structured methodology framework. I.e. Internal/ External Audit
• Ability to provide insights using a range of tools and technology to analyse and visually represent data.
• Documenting findings, control gaps or areas of non-compliance and recommending improvements to reduce risk or improve operational efficiency
Desirable Qualifications:
• Degree Level qualification or equivalent
• Have or currently studying for Compliance, Audit qualification or equivalent
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.
We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.
“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK
We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Legal, Accounting/Auditing, and Other
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Compliance Assessment Officer employer: Canada Life UK
Contact Detail:
Canada Life UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Assessment Officer
✨Tip Number 1
Familiarise yourself with the regulatory landscape relevant to Canada Life UK. Understanding the specific regulations and compliance requirements in the financial services sector will help you demonstrate your knowledge during discussions.
✨Tip Number 2
Network with professionals in the compliance field, especially those who work at Canada Life UK or similar organisations. Engaging in conversations can provide insights into the company culture and expectations for the Compliance Assessment Officer role.
✨Tip Number 3
Prepare to discuss your experience with risk management and internal controls in detail. Be ready to share specific examples of how you've identified risks and implemented effective controls in previous roles.
✨Tip Number 4
Stay updated on Canada Life UK's recent initiatives and strategic plans. Showing that you are informed about their business priorities will demonstrate your genuine interest in the role and the company.
We think you need these skills to ace Compliance Assessment Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Compliance Assessment Officer role. Focus on your analytical abilities, project management experience, and any compliance or audit qualifications you possess.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses why you are a good fit for Canada Life UK. Mention your understanding of their business priorities and how your background in compliance can contribute to their goals.
Showcase Relevant Experience: In your application, provide examples of past projects where you applied critical thinking and risk assessment. Highlight your ability to manage multiple projects and communicate findings effectively to stakeholders.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents. Check for spelling and grammatical errors, and ensure that your writing is clear and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at Canada Life UK
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Compliance Assessment Officer. Familiarise yourself with compliance oversight, risk management processes, and regulatory controls. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Your Analytical Skills
Prepare to discuss your experience in applying critical thinking and analysing information from multiple sources. Be ready to provide examples of how you've drawn conclusions and made informed decisions in previous roles.
✨Demonstrate Project Management Experience
Since the role involves managing multiple assessment projects, be prepared to talk about your project management skills. Share specific examples of how you've successfully planned, tested, and reported on projects, ensuring timely delivery and quality.
✨Communicate Effectively
Effective communication is key in this role. Practice presenting your findings and recommendations clearly and concisely. Be ready to discuss how you've maintained transparent communication with stakeholders in past projects.
