At a Glance
- Tasks: Lead compliance and risk oversight for a major asset management firm.
- Company: Join Canada Life Asset Management, a leader in the financial sector.
- Benefits: Enjoy a competitive salary, generous pension, and flexible working options.
- Other info: Diversity and inclusion are at our core; we support flexible working arrangements.
- Why this job: Make a real impact in risk management while shaping company culture.
- 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.
- 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.
- 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.
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. 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 in London employer: Canada Life
Canada Life UK is an exceptional employer that prioritises the well-being and growth of its employees, offering a modern and agile work environment in vibrant locations like Bristol, London, and Watford. With a strong focus on building better futures, the company fosters a welcoming culture and provides ample opportunities for professional development, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Head of 2nd Line Risk and Compliance, Asset Management 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 openings that might not even be advertised yet.
✨Tip Number 2
Prepare for those interviews by researching the company inside out. Understand their risk management strategies and compliance culture. This will help you tailor your responses and show that you're genuinely interested in how you can contribute to their goals.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation for the opportunity. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! We make it easy for you to find roles that match your skills and interests. Plus, it shows you're serious about joining our team at Canada Life Asset Management. Let's get you on board!
We think you need these skills to ace Head of 2nd Line Risk and Compliance, Asset Management 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 at Canada Life.
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 shy away from demonstrating this in your writing.
Highlight Relevant Experience:Be sure to emphasise your extensive experience in the asset management industry and any previous management positions. We want to see how your background prepares you for overseeing compliance and non-financial risks effectively.
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
✨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 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 strong interpersonal skills.
✨Demonstrate Your Leadership Style
As a Head of 2nd Line Risk and Compliance, you'll need to lead and advocate for a strong risk culture. Prepare to share your experiences in leading teams or initiatives that fostered compliance and risk awareness, highlighting your influencing skills and ability to drive change.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think through potential operational risk scenarios and how you would advise on them. This will show your analytical skills and readiness to tackle challenges head-on.
