Data, analytics and the digital tools and technology to leverage them are transforming financial services and the insurance industry, driving new business operating models and presenting new emerging and evolving risk types. The AVP Enterprise Risk Solutions Delivery role ensures that new solutions to optimize efficiency of risk and compliance management and oversight processes are designed, delivered and integrated efficiently and effectively, and that strong adoption for improved use of data and associated insight is achieved from both a defensive and offensive risk management perspective.
This is a critical leadership role for delivering benefits of the Risk and Compliance Function 3.0 Strategy to optimize efficiency of oversight processes and deliver value for the business, through effective delivery and ongoing management of advanced tools, technology and other solutions.
The position is expected to facilitate delivery of solutions that will improve operational efficiencies across 3 Lines of Defence, steer strategic decision-making and work collaboratively and constructively with a wide range of business, oversight and assurance partners across the organization. The role is responsible for partnering with key stakeholders across the enterprise as well as external partners and vendors to drive all activities, including planning, and implementation of key deliverables for solutions development, testing and deployment, and for managing partnerships within the industry to ensure that new ideas and concepts are brought forward and integrated into the strategy.
The role is accountable and responsible for the following primary functions across the global Risk and Compliance Function:
Solutions Design: Leading and/or partnering with others to conceive and design digital transformation and analytics advancements that will modernize the portfolio of applications and drive improvements and efficiencies in how the Corporation manages financial and nonfinancial risks (e.g., machine learning and artificial intelligence solutions) and how the Risk and Compliance Function operates (e.g., workflow; collaboration tools)
Solutions Management: Successful delivery of broad Risk and Compliance solutions (largely but not solely technology based, e.g., Governance, Risk and Compliance technology solution) and related portfolios of projects that will harmonize and automate risk management, oversight and assurance processes, enable the Corporation to operate more efficiently across the lines of defence, and drive risk-based business decisions faster and more easily
Solutions Operations: Ongoing management and central provision of specialized services for operating technology solutions
Leadership: Management of a team of direct reports and matrix relationships across all geographies to successfully implement critical Risk and Compliance initiatives, including setting priorities, planning, managing capacity and providing leadership to inspire and motivate staff to achieve objectives
Provide the technical vision to shape Risk and Compliance Function digital transformation recommendations that will materially improve practices and operations
Development and management of a practical roadmap that defines an achievable plan, prioritizes and coordinates technology investments for Risk and Compliance
Development of governance policies, operating standards, procedures, training and other enablers to support implementation of technology advancements and drive alignment with new ways of working across the enterprise
Effective management and implementation of centralized and coordinated solutions that results in optimized technology investments across Risk and Compliance and business areas, including planning, timelines and budgets, managing issues and roadblocks to successful conclusion
Effective, collaborative, hands-on leadership of solutions delivery, including setting direction with clarity and confidence and aligning the organization (e.g., resourcing, funding, communications, training, etc.) to successfully implement and adopt solutions
Effective influencing, engagement and oversight of extended international cross functional teams of various seniority (50+ staff), and external vendors through a partnering style
Ensure appropriate reporting on progress, escalation of issues and taking action where needed to ensure proper governance by Executive Management Committees
Design, implementation and ongoing management of activities to operationalize technology solutions including establishing business support models, defining roles and responsibilities, establishing governance requirements, and ensuring appropriate resourcing is in place within the team and stakeholder groups
Lead execution of operations that are centralized within the team
Provide centre of excellence support and advisory for productivity and collaboration across Risk and Compliance
Attracts and retains high caliber, global Risk talent by recognizing organizational and individual needs
Sets vision and priorities for the team with clarity and confidence, effectively managing capacity and planning activities and ensuring staff are set up for success
Influences staff in functions and business to achieve outcomes in a highly consultative and partnering manner
Continually develop the overall capability of a diverse team and accurately appraises the strengths and development areas of the team through constructive feedback
Leads by example, setting a positive tone and cultivating a constructive learning culture
Support the professional development of the team, focusing on core analytical, strategy, and communications skills, elevating the brand of the team and the individual team members
Qualifications and Competencies:
MBA or professional designation preferred
10 years of experience leading risk or compliance teams in the financial services industry within complex business environments at a senior level (Director or above)
Track record of successfully developing and executing strategy and transformation projects in partnership with cross functional teams in various geographies that achieve intended benefits
Ability to set vision, remove roadblocks and execute through influence across all stages of a program lifecycle
Superior relationship building and communications skills across all levels of the organization
Demonstrated ability to lead high-performing, agile and resilient teams and serve as an effective change agent and champion within the broader organization
Ability to manage multiple tasks simultaneously, maintain focus and prioritize in a dynamic, fast-paced and at times ambiguous and pressurized environment
Deep knowledge and understanding of risk management matters and procedures
Deep understanding of technology concepts
Deep understanding and experience in effective program management and change management concepts
Strong quantitative and analytical skills
Strong budget management skills
Ability to operate at multiple levels simultaneously and switch across areas of responsibility without losing efficiency and decision-making capacity
Strong time and schedule management ability for self and cross-functional teams
Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.
As of January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 13 million customer relationships from coast to coast to coast.
Discover your opportunity….Apply today!
Canada Life offers competitive compensation, great benefits such as medical, dental, life insurance, wellness account and personal days not to mention onsite cafeteria and fitness in our head office facilities. If you’d like to join our team submit your information online and introduce yourself.
Canada Life serves 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.
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted