Enterprise Risk Specialist

Location: Potters Bar or London

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.

Job Profile:

Part of Canada Life’s 2nd Line of Defence, the Enterprise Risk Management Team support the Chief Risk Officer and Head of Enterprise Risk Management in providing Enterprise Risk expertise, challenge and oversight to the business and shared service units within the UK Group.

Working in liaison with other elements of the 2nd & 3rd Lines of defence to ensure a co-ordinated approach, the Team operates in an internal consultancy style to support robust, risk-based decision making by senior management, and ultimately the Boards, within the UK Group.

The Enterprise Risk Specialist supports the Head of Enterprise Risk Management to deliver the Team’s responsibilities. Core activities that this role supports include delivery and maintenance of the Enterprise Risk Management Framework - which includes oversight of Risk Culture (e.g., risk behaviours self-assessments, risk training and communication), Risk Appetite Framework (e.g., KRIs, risk markers and risk profile assessments), Risk Governance (e.g., championing the 3LoD model), Risk Infrastructure & Policies (e.g., GRC and operating policy compliance), and Risk Processes (including Risk Events, RCSAs, Operational Risk Scenarios, Emerging Risks and Risk Reporting).

This role includes provision of risk training to the business to enable the embedding of the Enterprise Risk management framework, 1st line ownership of risk and 2nd line execution of oversight and challenge.

The full range of responsibilities are detailed below, with each role-holder being provided with their focused activities for the year, through the objective setting exercise.

Experience Required:

• Experience in life insurance industry preferred, though would consider wider financial services sector experience
• Experience in managing operational risks and the various approaches to monitor, model and report on operational risks
• Experience of 2nd line of defence risk oversight activities
• Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management. Attention to detail.
• Experience of engaging with senior management in order to get desired outcome
• Good knowledge of operational risk modelling and reporting, as part of a wider Enterprise Risk management framework and associated regulations, including Solvency II
• Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders
• Proven track record at delivering reporting requirements under tight time pressure
• Self-motivated, well-organised, pragmatic and able to perform tasks independently.

- Relevant risk management qualification (desirable)

Benefits of working at Canada Life

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

How we work at Canada Life

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.