Compliance Manager, Canada Compliance at Sun Life
Waterloo, ON N2J 4C5, Canada -
Full Time


Start Date

Immediate

Expiry Date

26 Sep, 25

Salary

78000.0

Posted On

27 Jun, 25

Experience

6 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Good communication skills

Industry

Financial Services

Description

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You’ll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you’ll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

JOB DESCRIPTION:

As part of the Canadian Compliance function, our Compliance teams are responsible to sustain our framework and standards for compliance risk management process and controls. We provide effective and independent challenge to the business units of Sun Life, including the monitoring and testing the effectiveness of their controls.
We are searching for a candidate with financial services experience, and a strong understanding of regulatory requirements as they impact large and complex organizations like Sun Life. Reporting to the Director, Compliance, you will be responsible for supporting the oversight of our various Canadian Compliance business units. You will monitor their adherence to applicable laws, regulations, and regulatory guidelines. The role will also ask you to support our ongoing enhancements to our Canadian Compliance practices and processes. You will have the opportunity to work with varied teams and lines of business of Sun Life like, Operational Risk, Group Retirement Services, Retail Advice and Solutions, and our peers in Canadian and Corporate Compliance.

What will you do?

  • Oversee the business unit in its fulfillment of their regulatory compliance accountabilities, including the identification, measurement, management, monitoring, and reporting of compliance risks.
  • Promote compliance awareness within the business unit to reduce compliance risks.
  • Monitor and assess regulatory requirements and guidance impacting our industry.
  • Communicate regulatory requirements, developments, and trends plainly.
  • Maintain compliance databases, inventories, and policies.
  • Lead or take part in compliance projects and initiatives.
  • Meet with industry groups and regulators on regulatory requirements and compliance concerns.

What you need to succeed?

  • 6+ years of relevant progressive experience within the financial services sector in Compliance, Risk, or other oversight function.
  • In depth knowledge and experience with Federal and Provincial legislation. Strong understanding of Quebec based regulations is an asset.
  • Knowledge of governing legislation and related regulations (e.g., Insurance Companies Act, provincial Insurance Acts, PCMLTFA and Regulations, and Privacy legislation)
  • Experience working in an OSFI-regulated environment, with alignment to a three lines of defence model.
  • Ask the right questions to analyze situations and are able to distinguish which facts are relevant to solving a particular problem.
  • Proactively problem solve and regularly identify ways to improve your own work processes and practices, and those of others.
  • Able to draw on a variety of sources to understand industry developments and trends.
  • Build rapport and relationships with a variety of people, to exchange ideas and knowledge.
  • Communicate effectively to varied audiences at all organizational levels.
  • Sound practical and professional judgment
  • High degree of integrity and ethics
  • Bilingualism (French, English, both oral and written) is required for the frequent interactions with English and French-speaking colleagues or internal partners across Canada and worldwide.
Responsibilities
  • Oversee the business unit in its fulfillment of their regulatory compliance accountabilities, including the identification, measurement, management, monitoring, and reporting of compliance risks.
  • Promote compliance awareness within the business unit to reduce compliance risks.
  • Monitor and assess regulatory requirements and guidance impacting our industry.
  • Communicate regulatory requirements, developments, and trends plainly.
  • Maintain compliance databases, inventories, and policies.
  • Lead or take part in compliance projects and initiatives.
  • Meet with industry groups and regulators on regulatory requirements and compliance concerns
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