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.
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