At a Glance
- Tasks: Lead compliance and non-financial risk oversight for Canada Life Asset Management.
- Company: Join a leading UK-based asset management firm with a global presence.
- Benefits: Enjoy a competitive salary, generous pension, and flexible working options.
- Other info: Collaborative environment with opportunities for professional growth.
- Why this job: Make a real impact in risk management while working part-time and flexibly.
- Qualifications: Experience in asset management and strong risk management skills required.
The predicted salary is between 60000 - 80000 £ per year.
Part‑time role (3–4 days a week) – flexible on working pattern. Canada Life Asset Management (CLAM), a UK‑based part of our global asset management business, manages almost C$250bn in public bonds, private debt, commercial mortgages, private funds and property. Our investment portfolios, principally general accounts, support customers across the group in meeting long‑term objectives.
Our Team CLAM’s UK office has over 100 colleagues, including more than 50 experienced investment professionals with an average of 20 years’ experience and ten years’ average tenure at CLAM.
Job Summary
A direct report to the Managing Director – Asset Management, responsible for the oversight of compliance and non‑financial risk for CLAM. Provides key support in oversight of compliance and non‑financial risks, including relevant change programmes and regulatory compliance risk. Ensures appropriate risk management across the business, aligning strategy, risk appetite, and efficient operations. Encourages, advocates and leads a risk culture within CLAM to meet the needs of stakeholders, including the Board, executives, Lifeco group and regulators. Engages with the Global Investments Compliance team regularly. Accountable for FCA SMF16 & SMF17.
What You’ll Do
- Lead engagement with the 1st line of defence, providing 2nd line oversight of CLAM, and collaborate with the Global Investment Compliance team.
- Oversee and challenge risk exposures, capital requirements and governance, and their impact across the risk universe, including regulatory compliance risk.
- Develop a shared compliance and non‑financial risk monitoring and oversight plan, supporting delivery in line with the Global Investments Compliance team.
- Understand regulatory priorities and ensure business teams progress new regulatory requirements.
- 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.
- Implement the Great West Life ERM framework, overseeing compliance with relevant regulations and ensuring best practice.
- This includes embedding and maintaining:
- Risk strategy aligned with business objectives
- Risk universe
- Risk appetite framework
- Risk and Compliance policies
- Risk and Compliance oversight and assurance, including regulatory and reputational aspects
- Risk identification, assessment, measurement, monitoring and reporting
- Risk and Compliance mandate requirements
- Operational risk scenario oversight
- Provide SMF16 & SMF17 accountabilities to CLAM, including regulatory engagement and interaction and keeping the Global Investment Compliance team aware of any impacts.
- 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, supporting operational and technical risk guidance.
Who You Are
- Good interpersonal and networking skills; capable of maintaining multiple stakeholder relationships.
- Strong written and verbal communication skills, appropriate for all levels of management.
- Extensive experience in the asset‑management industry, including management positions.
- Comprehensive knowledge of enterprise risk management and relevant regulations, including quantification and analysis of a range of risks.
- Experience overseeing non‑financial risk management and monitoring, modelling and reporting.
- Experience embedding and maintaining an enterprise risk management framework.
- Experience with “second line of defence” risk oversight and challenge activities.
- Strong influencing skills, with experience engaging senior management to achieve desired outcomes.
- Proven track record delivering reporting requirements under tight time pressures with attention to detail.
Qualifications
- Relevant risk‑management qualification (desirable).
Benefits Of Working At Canada Life
We offer a competitive salary and comprehensive rewards package, including a generous pension and bonus scheme, income protection, private medical insurance and life assurance. We also provide training, flexible working and opportunities for professional development.
Flexible Working
We are 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 & Compliance, Asset Mgmt (Part-Time) in London employer: Canada Life UK
Canada Life Asset Management is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive salary alongside a comprehensive rewards package, including generous pension contributions and private medical insurance. With a strong emphasis on flexible working arrangements, our inclusive culture fosters collaboration among over 100 experienced professionals, ensuring that every team member can thrive while contributing to our mission of effective risk management in the asset management sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of 2nd Line Risk & Compliance, Asset Mgmt (Part-Time) 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 insider info about roles that might not even be advertised yet.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of compliance and risk management. Make sure you can discuss how your experience aligns with the role at Canada Life Asset Management, especially around the three lines of defence model.
✨Tip Number 3
Don’t forget to showcase your interpersonal skills! During interviews, highlight your ability to maintain relationships with stakeholders and how you've successfully influenced senior management in past roles.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Canada Life team.
We think you need these skills to ace Head of 2nd Line Risk & Compliance, Asset Mgmt (Part-Time) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of 2nd Line Risk & Compliance role. Highlight your experience in risk management and compliance, and don’t forget to mention any relevant qualifications. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this part-time role. Share specific examples of your past achievements in risk oversight and compliance that demonstrate your skills and passion for the industry.
Showcase Your Communication Skills:Since strong written communication is key for this position, make sure your application is clear and concise. Use professional language but keep it friendly. We appreciate a good balance between formality and approachability!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join our team at Canada Life Asset Management!
How to prepare for a job interview at Canada Life UK
✨Know Your Risk Management Inside Out
Make sure you brush up on your knowledge of enterprise risk management and the specific regulations relevant to the asset management industry. Be prepared to discuss how you've previously managed compliance and non-financial risks, as well as your experience with the 'second line of defence' model.
✨Showcase Your Stakeholder Skills
This role requires strong interpersonal skills, so think of examples where you've successfully maintained relationships with multiple stakeholders. Be ready to share how you’ve influenced senior management and achieved desired outcomes in past roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world risk scenarios. Prepare by thinking through potential challenges you might face in this role and how you would approach them, especially regarding regulatory compliance and risk oversight.
✨Demonstrate Your Attention to Detail
Given the importance of quality reporting in this position, be ready to discuss how you ensure accuracy and attention to detail in your work. Share specific examples of tight deadlines you've met while maintaining high standards in your reporting.
