Director, Third-Party Distribution Risk Management Specialist

2 weeks ago


Waterloo, Ontario, Canada Société Financière Manuvie Full time
Job Summary

We are seeking a highly skilled and experienced Director, Third-Party Distribution Risk Management to join our global Distribution Compliance team. The ideal candidate will oversee all aspects of Manulife's Third-Party Distribution Risk Management program, globally, and develop, implement, and maintain a robust compliance framework to ensure adherence to OSFI's Third-Party Risk Management (B10) Guideline.

Key Responsibilities
  • Lead the development and implementation of a compliance framework to comply with OSFI's B10 rule, ensuring alignment with regulatory requirements and best practices.
  • Define the operational processes for the distribution program going forward, working collaboratively with the risk management team to identify and mitigate potential distribution compliance risks.
  • Identify and recommend suitable systems and technology to support the compliance framework, including methodology for risk rating, escalation, and frequency of review.
  • Help implement a comprehensive enhanced due diligence (EDD) program for medium/high-risk activities, including defining triggers for review and escalation.
  • Establish a robust testing and monitoring program to ensure ongoing compliance with regulatory requirements, identifying any areas for improvement and implementing corrective measures as necessary.
  • Ensure the availability of resources and support for an effective EDD program, including independent challenge and oversight.
  • Oversee ongoing training and education for employees, ensuring that they are equipped with the knowledge and skills necessary to support the compliance framework.
Requirements
  • Proven experience in compliance leadership roles, with a strong understanding of regulatory requirements and best practices, particularly in the financial services sector.
  • Strong knowledge of OSFI's regulatory framework, including OSFI E-13 (Regulatory Compliance Management), Regulatory Change Management, and OSFI's B-10 Guideline.
  • Lives and models Manulife's Values, and appropriately reflects Manulife's Leadership DNA, including with respect to capabilities, skills and mindset.
  • University or post-secondary education a definite asset.
  • Understanding of insurance distribution compliance and risk controls.
  • 10 years progressive experience in financial services compliance, audit, risk or other control roles or direct experience in insurance distribution combined with 3-5 years in a leadership role.
  • Experience overseeing compliance programs in an ever-changing regulatory environment would be an advantage.
  • Strong analytical and critical thinking skills, with the ability to identify and address potential compliance risks and develop effective solutions.
  • Excellent communication and people skills, with the ability to work collaboratively with cross-functional teams and stakeholders on a global basis.
  • An initiative-taking and results-driven approach, with the ability to drive the development and implementation of compliance initiatives.
  • Proficiency in French would be a definite advantage.
What We Offer
  • A competitive salary and benefits packages.
  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
  • A focus on growing your career path with us.
  • Flexible work policies and strong work-life balance.
  • Professional development and leadership opportunities.
About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

We are an equal opportunity employer and welcome applications from diverse candidates. If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.



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