Investment Governance and Risk Officer in City of London

Investment Governance and Risk Officer at Canada Life UK

Location: London (City)

Overview

Canada Life Asset Management has over 100 colleagues and includes more than 50 experienced investment professionals, with almost 20 years\' average industry experience and ten years\' average tenure at CLAM. We are seeking an Investment Governance and Risk Officer to join the Investments team within CLAM, based in the firm’s London office.

Job Summary

This is a key role for the Asset Management business which includes operating the 1st Line control environment to ensure adherence to applicable regulation, investment policy and client mandates. The role is responsible for conducting 1st Line monitoring activity, surveillance and oversight and reporting the results via MI to senior management. The role ensures Asset Management is effectively managing risks, providing the Asset Management business with expert and value-adding risk advice in a business focused and pragmatic way, including facilitating effective and appropriate risk management processes and MI/reporting. Encouraging an appropriate risk culture, delivering fair outcomes for our customers within risk appetite. Promoting 1st Line risk ownership and accountability. Facilitating an effective and balanced relationship with the 2nd Line Risk and Compliance oversight function. The role holder is expected to maintain an in-depth awareness of the regulatory context and risk framework surrounding the Asset Management business, strategy and its customers.

What You’ll Do

• Risk Framework Processes
  • Maintain risk framework processes within Asset Management covering full risk appetite including regulatory compliance risk: Risk appetite, Risk event logging and reporting (conduct, privacy and regulatory breach risk events), Control inventory, Risk register, Top & emerging risks, Risk & Control Self-Assessment, Key Risk Indicator (KRI), Risk Marker and Risk Function Indicator (RFI) reporting, Project support and advice.
• Identify potential drivers for poor customer outcomes or harms and develop risk approaches, mitigation and controls.
• Foster a culture of awareness and accountability; provide training as required; maintain Risk Event Reporting processes in line with the ERM framework.
• 1st Line Control, Oversight and Surveillance – manage the effective operation of the 1st Line Asset Management control environment, including monitoring, surveillance and the oversight programme to demonstrate regulatory adherence.
• Investment Policy and Mandate Adherence – operate controls and monitoring to demonstrate adherence to investment policy, client mandates and regulatory obligations for funds under management; develop and write pre-trade rules to ensure policy compliance.
• Governance and Functional Effectiveness – produce regular reporting and MI to key stakeholders (senior management, 2nd Line Risk and Compliance, clients, CLUK Committees and CLAM Board). Prepare reports on the Asset Management risk framework for forums such as the Risk Oversight Committee and Customer Outcomes and Fund Governance Committee. Support policy attestation and communicate policy gaps arising from changes in functions profile/operations/strategy/regulatory compliance.
• Advice and Risk Management – champion the 3 Lines of Defence model for risk management; provide high-quality risk advice and guidance on existing and new regulation; ensure regulatory risks are managed within risk appetite; establish effective controls; manage regulatory obligations and avoid poor customer outcomes. Provide 1st line risk and governance advice across non-financial and regulatory risk for BAU and change initiatives. Deliver ongoing risk training and embed risk awareness across Asset Management.

Who You Are

• Expert knowledge of Asset Management products and services
• Knowledge and expertise of regulations impacting Asset Management firms
• Technical knowledge and experience of regulatory and risk management frameworks
• Strong interpersonal and influencing skills, communication skills and attention to detail
• Ability to deliver under tight time pressure
• Ability to develop and maintain effective working relationships across the three lines of defence
• Self-motivated, well organised, pragmatic and able to perform tasks independently
• Ability to manage workloads with a risk-based approach to meet demanding priorities
• Experience of embedding and maintaining an enterprise risk management framework
• Experience in risk oversight at a business level
• Ability to present advice clearly and timely
• Ability to collaborate with colleagues, Business Unit leadership and other governance functions

Qualifications

• Degree desirable
• Investment administration or management qualification
• Professional qualification desirable

Benefits Of Working At Canada Life

We offer a competitive salary and benefits package including pension, bonus scheme, income protection, private medical insurance and life assurance, with opportunities for personal and professional development.

How We Work At Canada Life

We value a culture built on doing the right thing for people, customers and community. Our blueprint behaviours guide how we work, encouraging curiosity, ownership, collaboration and taking the path forward. We offer training, flexible working and development opportunities.

Diversity and Inclusion

We are committed to building an inclusive workplace with a diverse workforce where everyone belongs. We are proud of our progress in DEI and continue to focus on it. Flexible working arrangements can be discussed for any role.

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.

Note: This posting reflects the role and responsibilities as described by Canada Life UK and is provided for applicants as part of the recruitment process.