Compliance Manager

3 weeks ago


Toronto, Canada Sun Life Full time

Job Description

:

Reporting to the Director, Compliance, this role is responsible for the day-to-day compliance oversight of Group Benefits in Sun Life Health. In this second line of defense role, you will collaborate closely with Group Benefits, Operational Risk and other oversight function teams such as Legal and Internal Audit to ensure that compliance risks are managed in accordance with regulatory and business standards. Leveraging an existing regulatory compliance management (RCM) program, you will be responsible for providing oversight and guidance to the first line of defence (1LOD), enabling the business unit to make informed decisions while meeting regulatory expectations. The role will be general in scope initially, with opportunity specialize in areas of interest once appropriate experience has been gained.

A compliance or risk professional, you have financial services experience, with a strong understanding of regulatory requirements as they impact Group Benefits. You demonstrate high personal and professional standards, act with integrity, and operate as a trusted partner for the mitigation of compliance risks by providing advice, oversight and challenge in support of helping Clients achieve lifetime financial security and live healthier lives. 

What will you do?

Oversee 1LOD RCM activities, including identification, measurement, management, monitoring and reporting of compliance risks

Promote compliance awareness and provide effective challenge of 1LoD activities

Ensure business has robust compliance structures in place, integrated with Sun Life’s existing RCM program

Assist 1LoD in designing and making available compliance-related training for relevant staff

Provide business with interpretation on existing, new, and amended Compliance requirements

Report on compliance programs, emerging and potential risks, control weaknesses, significant issues, and key regulatory developments

Assess the adequacy and effectiveness of controls to ensure they are sufficiently robust to achieve compliance with applicable regulatory requirements

Perform compliance testing on established controls within the business

Develop and maintain relationships with key stakeholders in business, operations, compliance, audit, legal, and with regulatory staff.

Other duties as required

What do you need to succeed?

Experience working in an OSFI-regulated environment, with alignment to a three lines of defence model

Demonstrated experience and understanding of regulatory compliance within the financial services sector, ideally within Group Benefits

Relevant university degree and/or experience in an oversight function

Knowledge of key operational supporting functions and applicable regulatory rules

Ability to distill complex requirements without oversimplifying or missing critical components

Ability to understand the overall theme of a regulatory requirement despite the abundance of detailed provisions

Ability to identify compliance risks and assess the severity of the risk

Excellent oral and written communication skills with demonstrated relationship management and conflict resolution skills

Ability to effectively prioritize in a diverse and fast paced environment

Ability to work with ambiguity

Experience with Archer regulatory management system is an asset

Experience or education background in health care is an asset

As this position is posted in several locations, we specify that bilingualism (French, English, both oral and written) is required for Quebec only for the frequent interactions with English and French-speaking colleagues or internal partners across Canada or worldwide

What's in it for you?

The opportunity to move along a variety of career paths with amazing networking potential

 Flexible Benefits from the day you join to meet the needs of you and your family

 We’re committed to creating an inclusive and respectful environment. Our goal is to make sure all our employees have the chance to live up to their full potential

We’re honoured to be recognized as a 2023 Best Workplaces in Ontario by Great Place to Work® Canada

*LI-NB1



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