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- Tasks: Lead a team in delivering financial risk reports and insights to senior stakeholders.
- Company: Great-West Lifeco is a global leader in financial services, serving millions across Canada, the US, and Europe.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development in your career.
- Why this job: Join a fast-growing team that values diverse skills and fosters continuous excellence in financial risk management.
- Qualifications: Must be a qualified actuary or hold a relevant degree with strong analytical and communication skills.
- Other info: This role involves collaboration with cross-functional teams and offers exposure to high-level decision-making.
The predicted salary is between 43200 - 72000 £ per year.
A unique opportunity in our Financial Risk Management team to apply your strategic business acumen, technical expertise, and strong communication skills to develop guidance and risk advice for senior stakeholders. Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses.
The Financial Risk Management team provides independent advice to senior management and the Board of Directors, supporting oversight of market, credit, liquidity risks, and investment strategies across our group. Our team is fast-growing and dynamic, encouraging the development of diverse knowledge, experience, and skills. We foster continuous growth and excellence in all areas of your role.
What you will do:
- Lead a team responsible for delivering quarterly reports to various committees and regulatory bodies, including analytical support related to financial risk measurement methodologies and internal strategies.
- Review and streamline credit, market, and liquidity risk reports.
- Apply analytics to generate insights into financial risks and global capital markets, informing investment and risk strategies.
- Prepare executive and Board-level materials, effectively communicating technical concepts.
- Coordinate with cross-functional teams to ensure timely and high-quality preparation of materials for executive and Board meetings.
- Prepare for and attend regulatory meetings, coordinating subsequent actions.
- Evaluate hedging strategies and monitor hedging activities for our product offerings.
- Lead key initiatives related to emerging financial risks, acquisitions, and regulatory changes.
- Monitor business activities and external developments that could impact the company's risk profile.
- Develop a strong understanding of internal strategies for measuring and managing financial risks to identify opportunities for improvements.
- Build strong relationships with internal stakeholders across our global business.
What you will bring:
- Qualified Actuary or relevant professional qualification/degree.
- Knowledge of life insurance products, liability cash flow modeling, ALM, and IFRS 17.
- Excellent interpersonal and communication skills.
- Ability to work effectively in cross-functional and cross-regional teams.
- Proactive, self-directed, and capable of managing multiple tasks.
- Experience in coaching, mentoring, and managing projects to meet deadlines.
- Ability to communicate complex technical concepts to diverse audiences.
- Strong analytical and problem-solving skills.
- Knowledge of market, liquidity, credit risks, investments, LICAT, and ORSA is advantageous.
Director of Financial Risk Management employer: Canada Life
Contact Detail:
Canada Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Financial Risk Management
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in financial risk management, particularly those relevant to life insurance and IFRS 17. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a fast-evolving field.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who work in risk management roles. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture at Great-West Lifeco.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully led teams or projects in the past. Highlight your experience in coaching and mentoring, as well as your ability to communicate complex concepts clearly to diverse audiences.
✨Tip Number 4
Research Great-West Lifeco's recent initiatives and challenges in financial risk management. Being able to reference these in your discussions will show that you're genuinely interested in the role and understand the company's strategic direction.
We think you need these skills to ace Director of Financial Risk Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial risk management, particularly in areas like credit, market, and liquidity risks. Use specific examples that demonstrate your strategic business acumen and technical expertise.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the role. Emphasise your leadership experience, ability to communicate complex concepts, and any relevant qualifications such as being a qualified actuary.
Showcase Your Analytical Skills: In your application, provide examples of how you've applied analytics to generate insights into financial risks. This could include past projects or reports you've worked on that had a significant impact on risk strategies.
Highlight Interpersonal Skills: Since the role requires strong communication and relationship-building skills, include instances where you've successfully collaborated with cross-functional teams or communicated with senior stakeholders. This will show you can thrive in a dynamic environment.
How to prepare for a job interview at Canada Life
✨Showcase Your Strategic Acumen
As a Director of Financial Risk Management, it's crucial to demonstrate your strategic business acumen. Prepare examples of how you've successfully navigated complex financial risks in previous roles and be ready to discuss your thought process behind those decisions.
✨Communicate Clearly and Effectively
Given the need to prepare executive and Board-level materials, practice explaining complex technical concepts in simple terms. Use clear, concise language and avoid jargon to ensure your ideas resonate with diverse audiences.
✨Highlight Your Leadership Experience
Be prepared to discuss your experience in leading teams and managing projects. Share specific instances where you coached or mentored team members, and how you ensured that deadlines were met while maintaining high-quality outputs.
✨Demonstrate Cross-Functional Collaboration
Since the role involves coordinating with cross-functional teams, think of examples where you've successfully collaborated with different departments. Highlight your ability to build strong relationships and how this has positively impacted project outcomes.
