The Company: Canada Life a leading Life Assurance Business are currently recruiting for a Risk Manager to be based in our London City office. Job Summary: Support the Head of Risk - Investments (including acting as delegate where necessary), as a team of two delivering the business partnering elements of the UK Division's Risk Function to the Investment business areas. To work closely at all levels of those companies (up to and including Executive Management and Board Risk Committee) on a day-to-day basis to challenge and understand the business, to deliver strategic risk objectives, and to support the business in the execution and risk mitigation of the business strategy. To ensure the clarity of risk reporting from the businesses to the Senior Management teams, the Group (CLL, CLG and GWL), and regulators. Work closely across the Risk Team to ensure effective implementation of Risk Management processes across business areas, and drawing on the resources of the Risk Function more widely to deliver any necessary support from the central Function to the Investment businesses. Support the UK Risk function in ensuring that CLL's Enterprise Risk Management Framework facilitates effective and appropriate risk management across the business, assisting the business to embed an appropriate risk culture, and meets the needs of the full range of stakeholders (including regulators). Key job

responsibilities:

• Together with the Head of Risk - Investments, champion the three lines of defence model for risk management across Investment business areas, to support the implementation, embedding and maintenance of all aspects of an effective, pragmatic and appropriate enterprise risk management (ERM) framework, aligned to Great-West Life's ERM framework, and including:
• risk strategy, consistent with the business strategy and business objectives
• risk universe
• risk appetite framework
• risk policies
• risk oversight and assurance
• risk identification, assessment, measurement and reporting
• risk function charter
• Alongside the Head of Risk - Investments, responsible for ensuring that there is engagement with the full range of stakeholders and in providing appropriate and relevant reporting to the various Boards and Committees in a timely manner
• Ensure that the implementation of the ERM framework is compliant with relevant regulations and meets the wider expectation of regulators, relative to peer companies
• Support the development of appropriate methodologies and processes for ensuring financial stability i.e. ICAAP. Responsible for providing Risk challenge and oversight as required.
• Takes responsibility for providing risk support and challenge to projects being undertaken within the Investments Business, including new product and propositions, IT developments, and strategic projects focussing particularly on oversight and challenge of the nature of risk exposures, associated capital requirements and governance and their subsequent impact on the business unit and CL UK. Experience Required:
• Experienced risk manager, with investment/ asset management experience. Ideally previous experience of risk management within the life insurance industry, and/or within a regulated mortgage business.
• Comprehensive knowledge of enterprise risk management and the relevant regulations, including the technical aspects relating to the quantification and analysis of a wide range of risks
• Experience of embedding and maintaining an enterprise risk management framework
• Experience of second line of defence risk oversight activities
• Experience of undertaking or supporting ICAAP processes and reporting
• Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management, including Board level
• Strong influencing skills, with experience of engaging with Boards and senior management in order to get desired outcome
• Excellent 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 with attention to detail
• Self-motivated, well-organised, pragmatic and able to perform tasks independently. About Canada Life Canada Life looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures. There can be no greater priority than the commitment and responsibility towards all our customers. At Canada Life we adhere to the same principles as when we were formed in 1847: integrity, consistency and experience. Our heritage is important to us. Our parent company, Great-West Lifeco, is a financially strong, stable, modern global organisation. The oldest Canadian life assurance company, Great-West Lifeco traces its foundation back to 1847 - that is more than 170 years of helping customers plan for the future. Since 1903 we have operated in the United Kingdom where we have hundreds of respected and supported staff all geared to doing the right thing for customers.