At a Glance
- Tasks: Lead compliance and risk management for a major asset management firm.
- Company: Join Canada Life Limited, a leader in asset management with a global presence.
- Benefits: Enjoy competitive salary, generous pension, private medical insurance, and flexible working options.
- Other info: Diverse and inclusive workplace with opportunities for personal and professional growth.
- Why this job: Make a real impact in risk and compliance while shaping the future of asset management.
- Qualifications: Extensive experience in asset management and strong communication skills required.
The predicted salary is between 80000 - 100000 £ per year.
Part Time Role 3-4 days a week. Flexible on preferred working pattern.
Canada Life Asset Management is the UK based part of our global asset management business, which manages almost C$250bn in public bonds and private debt, commercial mortgages, private funds and property. Our investment portfolios, principally general accounts, are designed to support customers across the group in meeting their long-term objectives.
Our team Canada Life Asset Management has, in the UK, over 100 colleagues and includes more than 50 experienced investment professionals, with almost 20 years' average industry experience and ten years' average tenure at Canada Life Asset Management (CLAM). We are seeking a Head of 2nd Line Risk & Compliance to join the Investments team within CLAM, based in the firm's London office.
Job Summary A direct report of the Managing Director - Asset Management responsible for the oversight of compliance and non-financial risk for CLAM. This role is primarily responsible for providing key support to the Managing Director - Asset Management in the oversight of compliance and non-financial risks within CLAM, including relevant change programmes, covering the risk universe, including regulatory compliance risk. This role provides key support to the Managing Director - Asset Management in ensuring there is appropriate risk management across the business aligning strategy, risk appetite, and ensuring effective and efficient operations. The role holder will encourage, advocate and lead an appropriate risk culture within CLAM to meet the needs of the full range of stakeholders (including Board, executive, Lifeco group and regulators). The role will include engagement and regular interaction with the Global Investments Compliance team. The role will also include the FCA SMF16 & 17 accountabilities for CLAM.
What You'll Do Lead the engagement with the 1st line of defence providing 2nd Line oversight of CLAM with regular engagement with the Global Investment Compliance team. This covers oversight and challenge of the nature of risk exposures, capital requirements and governance, and their subsequent impact on CLAM and across the whole risk universe, including regulatory compliance risk. Develop a shared compliance and non-financial risk monitoring and oversight plan and support delivery aligning with the Global Investments Compliance team. Understand regulatory priorities and ensure that the business teams are progressing the delivery of new regulatory requirements to meet regulators' expectations. Support the understanding and management of compliance and risk skills and capabilities within CLAM. Support the evaluation of compliance effectiveness and maturity. Champion the three lines of defence model for risk management. Implementation of the Great West Life ERM framework overseeing compliance with relevant regulations and that they meet the wider expectation of regulators and follow good practice relative to peer companies. This will include implementation, embedding and maintenance of: Risk strategy, consistent with the business strategy and business objectives Risk universe Risk appetite framework Risk and Compliance policies Risk and Compliance oversight and assurance, including regulatory and reputational Risk identification, assessment, measurement, monitoring and reporting Risk and Compliance mandate requirements Advising and providing oversight on operational risk scenarios Provide SMF16 & SMF17 accountabilities to CLAM, including regulatory engagement and interaction keeping the Global Investment Compliance team aware of any interactions and impacts to the business. Produce quality 2nd Line risk and compliance reporting to Executive, Global Investments Compliance and the CLAM Board. Provide non-financial risk leadership in line with our corporate values in the achievement of the business and individual objectives, including the provision of operational and technical risk guidance.
Who You Are Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management. Extensive experience in the asset management industry, including management positions. Comprehensive knowledge of enterprise risk management and the relevant regulations, including the technical aspects relating to the quantification and analysis of a wide range of risks. Experience in overseeing the management of non-financial risk and the various approaches to monitor, model and report on non-financial risk. Experience of embedding and maintaining an enterprise risk management framework. Experience of "second line of defence" risk oversight and challenge activities. Strong influencing skills, with experience of engaging with senior management in order to get desired outcome. Proven track record at delivering reporting requirements under tight time pressure with attention to detail.
Qualifications Relevant risk management qualification (desirable)
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.
Head of 2nd Line Risk and Compliance, Asset Management - Canada Life Limited in London employer: Canada Life Limited
Canada Life Limited is an exceptional employer that prioritises the well-being and development of its employees, offering a competitive salary and comprehensive benefits package, including a generous pension scheme and private medical insurance. With a strong commitment to diversity and inclusion, the company fosters a supportive work culture where colleagues are encouraged to grow professionally and personally, all while enjoying flexible working arrangements in the vibrant city of London.
StudySmarter Expert Advice🤫
We think this is how you could land Head of 2nd Line Risk and Compliance, Asset Management - Canada Life Limited in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the asset management industry and let them know you're on the lookout for opportunities. A friendly chat can lead to valuable insights or even a referral.
✨Tip Number 2
Prepare for interviews by researching Canada Life's values and recent developments. Tailor your responses to show how your experience aligns with their mission and culture. We want to see that you’re genuinely interested!
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills in risk management and compliance can benefit Canada Life. Keep it concise and impactful – we love a candidate who can communicate clearly.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at Canada Life.
We think you need these skills to ace Head of 2nd Line Risk and Compliance, Asset Management - Canada Life Limited in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in risk management and compliance. We want to see how your skills align with the specific needs of the Head of 2nd Line Risk and Compliance role.
Showcase Your Communication Skills:Since strong communication is key for this role, use clear and articulate language in your application. We’re looking for someone who can convey complex ideas simply, so don’t hold back on demonstrating that in your writing!
Highlight Relevant Experience:Don’t forget to emphasise your extensive experience in the asset management industry. We want to know about your previous roles and how they’ve prepared you for this position, especially in overseeing non-financial risks.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Canada Life Limited
✨Know Your Risk Management Inside Out
Make sure you brush up on your knowledge of enterprise risk management and the specific regulations that apply to the asset management industry. Be prepared to discuss how you've previously managed non-financial risks and how you would approach compliance oversight in this role.
✨Showcase Your Communication Skills
Since this role involves engaging with various stakeholders, practice articulating complex ideas clearly and concisely. Think about examples where you've successfully communicated risk strategies or compliance issues to senior management, as this will demonstrate your ability to tailor your message for different audiences.
✨Demonstrate Your Leadership Style
As a Head of 2nd Line Risk and Compliance, you'll need to lead by example. Prepare to share your leadership philosophy and how you've fostered a positive risk culture in previous roles. Highlight any experience you have in mentoring others or leading teams through challenging compliance scenarios.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to evaluate risk scenarios or compliance challenges. Think through potential situations you might face in this role and how you would address them. This will show your analytical skills and your ability to think on your feet, which is crucial for this position.
