Location: Can be located either within our London or Hertfordshire Office
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
Job Summary:
Reporting to the Head of Compliance Assessment, the role provides compliance oversight through planning and leading projects to independently test and evaluate the effectiveness of regulatory controls, risk management process and governance practices across Canada Life UK Limited (CLUK).
This helps provide an objective view of how CLUK is operating to ensure the right customer outcomes are achieved through compliance with policies, procedures and regulatory requirements, enabling the Chief Compliance Officer to give an informed compliance opinion.
To be successful in the role you’ll have demonstrable experience in the Core Responsibilities:
• Apply critical thinking to analyse information from multiple sources, drawing conclusions and making informed and timely, decisions.
• Simultaneously managing multiple assessment projects across all lifecycle stages (planning, testing, reporting, follow-up) using project and time management methods, ensuring timely delivery and quality with minimal supervision.
• Independently identifying and assessing risk, Identifying key controls within a process, designing internal controls and repeatable test plans.
• Conducting independent testing and validation of key controls to ensure they are well-designed and working effectively to reduce risks and provide good customer outcomes.
• Suggesting corrective actions to fix the root cause of control gaps and monitoring progress of managements actions until completed.
• Maintaining consistent, transparent communication and documenting weekly progress updates with second-line Business Partners and key first-line stakeholders throughout the project delivery lifecycle. Effectively presenting findings and recommendations to senior stakeholders and providing a thorough assessment of the internal control environment via both verbal presentations and formal written reports.
• Staying informed about the CLUK business priorities, strategic plans, and key area of regulatory focus impacting CLUK.
• Embracing change, learning from experiences, and adapting quickly to evolving circumstances in a collaborative and proactive manner
The following skills and experiences are highly beneficial:
• Experience testing design and effectiveness of controls using a structured methodology framework. I.e. Internal/ External Audit
• Ability to provide insights using a range of tools and technology to analyse and visually represent data.
• Documenting findings, control gaps or areas of non-compliance and recommending improvements to reduce risk or improve operational efficiency
Desirable Qualifications:
• Degree Level qualification or equivalent
• Have or currently studying for Compliance, Audit qualification or equivalent
