GWL/LL

  • Senior Business Compliance Officer & AVP

    Job Location CA-ON-Toronto
    Posted Date 2 weeks ago(5/10/2018 6:22 PM)
    Job ID
    2018-15485
    Company
    Great West Life
    Job Category
    Compliance
    Job Type
    Full Time
    Job Industry
    Financial Services and Banking, Insurance, Legal
    Career Level
    Management
    Posted End Date
    6/10/2018
  • Job Description

    The Senior Business Compliance Officer (SBCO) provides independent oversight of the regulatory risk management framework within the Strategic Customer Marketing area, while providing expert advice and guidance to assist the business in meeting its regulatory compliance obligations. As an AVP, the successful candidate will be accountable to ensure that regulatory compliance management controls are in place, are adequate and are operating effectively, as well as for providing independent advice and challenge to business area management in respect of material business decisions that include a regulatory risk component.  The SBCO reports potential and actual material instances of regulatory risk management framework deficiencies, non compliance, related action plans and material exposures to regulatory compliance risk to the Canadian Chief Compliance Officer. 

     

    Accountabilities: 

    • Provide subject matter expertise to the business in relation to both new and existing regulatory requirements which may impact either existing processes; or new initiatives in the business, with the goal of achieving business objectives while mitigating regulatory compliance risk
    • Contribute meaningful and actionable advice and guidance to the business by drafting and/or consulting on key policies to ensure appropriate compliance considerations are incorporated, while mitigating regulatory compliance risk and ensuring compliance parameters are adequate and appropriate
    • Provide independent oversight by constructively challenging management actions and decisions that appear to differ with approved compliance risk limits
    • Identify and report material issues of actual or potential non compliance in the business
    • Ensure adherence to compliance methodology  and the effectiveness of the regulatory risk management framework
    • Promote and advocate an effective compliance culture with senior leadership and within the broader SCM organization

    Qualifications and Competencies:

    • Post secondary degree, preferably L.L.B., CPA, or other relevant professional designation such as CSC, CPH and CIPP/C
    • 7-10 years in management level roles in insurance/financial services industry with express interest in compliance related accountabilities
    • Minimum of 5 years in management level  roles in the insurance/financial services industry with inherent compliance related accountabilities
    • Demonstrated strength in effectively working with senior leadership and others in the business lines to identify appropriate strategies for achieving business objectives while maintaining adherence to defined regulatory risk thresholds
    • Ability to read, interpret and provide effective guidance related to sometimes complex regulatory requirements
    • Strong aptitude in exercising good business judgement to achieve desired outcomes when faced with novel or highly complex situations and decision makers with competing goals
    • Effectively influence business decisions/outcomes in the absence of direct authority or clearly established precedent.
    • Monitor new and emerging regulatory trends and applying that knowledge proactively to advise the business on initiatives and business processes.
    • Strong understanding of digital and technological applications and a broad knowledge of regulations which may apply to these applications.

    • Ability to communicate effectively with technical and non-technical audiences and partner with business initiative leaders to ensure compliance and regulatory requirements are met when developing digital and technology solutions.

    We offer a challenging, team-oriented work environment, competitive income and benefits, and opportunities for professional and personal development and growth.

     

    Discover your opportunity….Apply today!

     

    Great-West Life offers competitive compensation, great benefits such as medical, dental, life insurance, wellness account and personal days not to mention onsite cafeteria and fitness facilities.  If you’d like to join our team submit your information online and introduce yourself.

     

    Together Great-West Life, London Life and Canada Life serve the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

     

    We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

     

     

    Great-West Lifeco would like to thank all applicants, however only those who qualify for an interview will be contacted.

    *LI-TV1

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