Director, Advisory, Wealth Management Compliance

at  Sun Life

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:

Wealth Management Compliance is looking for a Director, Advisory to join their dynamic team, reporting to the AVP, Wealth Management Compliance & Chief Compliance Officer, Sun Life Financial Investment Services Inc. (SLFISI), and Sun life Canada Securities Inc. (SLCSI). The incumbent will be responsible for providing compliance advisory covering Sun Life’s mutual fund dealer (SLFISI), and investment dealer (SLCSI), and overseeing second line compliance functions in support of Sun Life Canada’s Regulatory Compliance Management (RCM) framework. SLFISI is a registered mutual fund dealer operating in all provinces and territories in Canada with over $34B in AUA. SLCSI is Sun Life’s new investment dealer, launched in late 2023. Sun Life’s Advisors are committed to help people achieve lifetime financial security and live healthier lives.
Experience working within the Canadian Investment Regulatory Organization (CIRO) compliance regimes covering Mutual Fund Dealer (MFD) rules and the Investment Dealer and Partially Consolidated rulebook (IDPC) is necessary. Leadership experience either within an investment dealer, mutual fund dealer or at a related Self-Regulatory Organization (SRO) in key areas such as business conduct, supervision, policies and procedures, complaints & investigations, and registrations with a demonstrated capability of providing actionable regulatory advice and overseeing large scale compliance programs will be key to the role. As well as being a thought-leader and having well-rounded understanding of SRO and securities legislation and business conduct compliance requirements.

PREFERRED SKILLS:

• Expert knowledge of products and services in the retail securities distribution space and CIRO requirements
• Successful completion of related professional development courses (i.e., CSC, CPH, OPD, CCO)
• Undergraduate degree
• Law degree or Regulatory Compliance Management certificate is an asset
• Understanding of Insurance distribution and Asset Management principles

• Foster a culture of compliance throughout the organization by promoting ethical behavior, accountability, and adherence to regulatory standards.
• Provide ongoing compliance advisory and independent effective challenge to first line business stakeholders on regulatory issues management and response to regulatory change.
• Assist in the development of compliance monitoring and reporting to business stakeholders and senior leadership on the effectiveness of the compliance program.
• Establish, develop and maintain compliance policies and procedures manuals (CPPM), draft regulatory communications and provide training where needed.
• Lead a dynamic team of wealth compliance professionals in the advisory program, as well as being part of the Wealth Management Compliance leadership team.
• Collaborate on regulatory engagement efforts on behalf the business, including interpretation, communication, and monitoring of regulatory developments, changes, and events.
• Lead second line oversight of RCM issues management and remediations, including assessment of proposed controls and action plans.
• Provide ongoing independent effective challenge on business changes, process modifications, sales initiatives, incentives and identified Conflicts of Interest