Manager, Enterprise Risks & Controls – 18 month contract


Job Description Reporting to the AVP Enterprise Risks and Controls, the Manager Enterprise Risks and Controls will support the AVP in designing and overseeing the implementation and ongoing execution of enterprise-wide (Lifeco) risk and control methodologies that will ensure the Corporation effectively and efficiently manages highly strategic risks that may significantly impact sustainability and strategic resilience. Methodologies within the scope of the mandate include Strategic Risk Management, Current and Emerging Risks, Enterprise Risk Assessment, Issues Management as well as Lifeco’s Integrated Control Framework. The role will also provide advisory and risk oversight of highly material business strategies and M&A transactions.As a subject matter specialist across a broad range of products, operations and geographies, the Manager will be a trusted advisor to leaders and senior executives across the Risk and Compliance Function and within the Corporation, providing advice and analysis to support management of enterprise risks to enable better business decisions. The role’s accountabilities entail the following primary activities: Enterprise Risk Management Methodologies: Leveraging extensive insights and experience within the industry, promote sound enterprise risk management practices across the organization inclusive of strategic risk and current and emerging risks, by supporting the design and establishment of risk philosophy, governance, structure, procedures and processes to position the Corporation to proactively address highly strategic and emergent risks that have the potential to materially impact our capital position, reputation and overall financial viability.

Enterprise Risk and Control Frameworks: Support the development and execution of the Corporation’s enterprise risk assessment program; integrated control framework; issues management framework; enterprise process, risk and control taxonomies, and other enterprise frameworks, including governance, processes and methodologies, that enable to Corporation to manage risks efficiently and effectively. Enterprise Risk Oversight: Applying deep subject matter expertise and hands-on experience, provide informed risk oversight and challenge to ensure that highly material business strategies, strategic risks, current and emerging risks, and risks associated with mergers and acquisitions are managed in alignment with the Corporation’s risk appetite. Key Deliverables: Enterprise Risk and Control Frameworks Partnering with stakeholders in other areas of the group as well as across all three lines of defence, support the development and execution of enterprise risk and control methodologies, governance and processes including the Corporation’s integrated control framework, issues management methodology, enterprise risk assessments and enterprise process, risk and control taxonomies, including related processes to operationalize them Support the development and continuous enhancement of the Corporation’s process, risk and control taxonomies Support the development of centre of excellence/communities of practice capabilities to provide ongoing advisory on enterprise risk and control frameworks across Risk and Compliance and the broader enterprise Enterprise Risk Management Methodologies Develop and implement risk governance, methodologies, programs, performance metrics and systems to identify, measure, manage, monitor and report on enterprise and cross-risk types including strategic risk, current and emerging risks, and risks related to material M&A strategies and transactions. Promote sound strategic risk management practices across the organization to appropriately balance risk/reward in design, translation and execution of strategy and avoid major declines in market position and capitalization.

Develop metrics, measurement methodologies, reporting and processes (including Key Risk Indicators) to consolidate, interpret and report enterprise risk information to senior management, Board, regulators and external ratings agencies. Enterprise Risk Oversight Drive consistency, quality and continuous improvement in the execution of enterprise risk frameworks Support enterprise risk oversight processes and programs that drive the review and approval of risk assessment and mitigation of strategic risk Identify and interpret enterprise risk exposures, issues, losses, trends and early warning signs Provide objective and independent risk expert advice and counsel to the business, partnering with Internal Audit, Legal, Compliance, Risk, Actuarial, Finance, Investments, and IS departments Lead the timely monitoring and reporting of enterprise risks to senior management, risk committees and Board. Create and maintain the Corporation’s current & emerging risk register as well as a strategic risk profile that supports the basis for making business decisions from a risk appetite perspective. Support risk due diligence and oversight activities related to M&A transactions and provide risk focused advisory services across the Function, where appropriate, to advise on and support M&A activity Leadership Attract and retain high caliber, global Risk talent by recognizing organizational and individual needs Set vision and priorities for the team with clarity and confidence, effectively managing capacity and planning activities and ensuring staff are set up for success Influence 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 appraise the strengths and development areas of the team through constructive feedback Experience and Skills Minimum 6 years of progressive senior risk and compliance experience in increasingly responsible positions within banking/life insurance/wealth management/consulting industry Deep risk management expertise, with knowledge of and experience managing non-financial risks, including strategic risks Experience developing financial and nonfinancial risk management concepts and methodologies, measures, control frameworks, policies and related processes Excellent business acumen and analytical skills, including financial and business analysis, research, and complex methodological concepts with demonstrated aptitude for strategic, conceptual and critical thinking Relationship building and strong interpersonal communications skills across all levels of the organization Results oriented with focus on key objectives and goals fostering teamwork and cooperation Innovative and information seeker for comprehensive perspective on current and emerging risk challenges through environmental scanning, review of leading risk management approaches and researching leading edge concepts Ability to manage multiple tasks simultaneously, maintain focus and prioritize in a dynamic, fast-paced and at times ambiguous and pressurized environment Computer literacy, expert knowledge of Microsoft Suite (Word, Excel and PowerPoint), hands-on experience with visual analytics tools (e.g., Tableau, Power BI), experience and interest in coding (e.g., R, Python, SQL etc.) Strong time and schedule management ability for self and cross-functional teams Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Toronto, London, Winnipeg.

Be your best at Great-West Lifeco and Canada Life – Apply today Great-West Lifeco Inc. is a leading international financial services holding company headquartered in Canada with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. It operates in Canada, the United States, and Europe under the brands: Canada Life, Canada Life Germany, Canada Life UK, Canada Life Reinsurance, Empower Retirement, Putnam Investments and Irish Life. In Canada, Great-West Lifeco operates under the Canada Life brand, offering a broad portfolio of financial and benefit plan solutions and serves the financial security needs of more than 12 million customers. Globally our combined companies have approximately 24,500 employees, 205,000 advisor relationships, and thousands of distribution partners – all serving more than 30 million customer relationships across these regions.

Being a part of our organization means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success. You can be your best here. You are part of a diverse and inclusive workplace where your career and well-being are championed.

You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences. 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. It is our priority to remove barriers to provide equal access to employment.

A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact We would like to thank all applicants, however only those who qualify for an interview will be contacted.




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