Director, Regulatory Compliance Reporting

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:

Reporting into the Vice President, Head of Regulatory Office, you will primarily be responsible for preparing quarterly, annual, and ad hoc Committee and Board reporting on behalf of the Enterprise Chief Compliance Officer (CCO) and leading the development of our Enterprise Compliance Key Risk Indicator (KRI) framework.

In partnership with senior Compliance team members, this role is critical for reporting on, assessing and managing risks that could affect the organization’s performance and regulatory obligations across various jurisdictions. In addition, this role requires close collaboration with cross-functional teams and global leadership to ensure risk and compliance initiatives align with the company’s strategic objectives.

This individual will have the opportunity to be a key member and contributor to a small team with a large mandate. Will drive global compliance reporting, working with senior stakeholders across our enterprise compliance teams the Director, Regulatory Compliance Reporting will develop quantitative metrics underpinning our KRI frameworks considering the complexities of our business lines, regulatory requirements and input from key stakeholders. In addition, this role provides insights and analytics into Sun Life’s compliance with global regulatory requirements for our Board and Senior management.

You will demonstrate high personal and professional standards, act with integrity, and in good faith for the best interests of Sun Life, and operate with intention to meet the Compliance Team Purpose of being trusted partners for the mitigation of compliance risks by providing advice, oversight and challenge in support of helping Clients achieve lifetime financial security and live healthier lives.

What will you do?

• Take the lead by working with Senior Executives across Sun Life including Business Group Chief Compliance Officers (CCOs) and Corporate Functional Leaders to prepare quarterly and annual and ad-hoc Board reporting on behalf of the Enterprise Chief Compliance Officer (CCO)

• Developing global reporting methodologies

• With a focus on storytelling, this individual will craft narratives that not only inform but also drive risk-aware decision-making across the organization

• Liaise with other key oversight teams (e.g. Enterprise Risk, Internal Audit, Enterprise Compliance) to ensure completeness and accuracy of various inputs into Compliance Reporting (e.g. issues management, internal audit findings etc.)

• Review and challenge reporting from Business Group CCOs and Corporate Functional Area teams to ensure Enterprise CCO reporting is complete and accurately reflects Sun Life’s Compliance posture

• Identify regulatory themes and trends across the industry - locally and globally - and provide summarized, analysis (including impact assessment) for reporting, i.e. development of a regulatory “heat map”

• Be strategic in reviewing, creating and re-designing reports and their supporting processes to drive value-add reporting for the Compliance function

• Act as a subject matter expert and ‘go to’ person for perspectives on regulatory themes, trends, areas of focus and developments impacting Sun Life

• Identify and define key risk indicators in collaboration with cross-functional teams to ensure alignment with the company’s risk appetite

• Monitor, analyze and report on KRI data to provide timely insights into potential risk exposures

• Support senior leadership in understanding KRI trends and in decision-marking for risk mitigation strategies

• Lead initiatives to improve risk measurement, data quality and risk measurement processes

• Support the OSFI liaison office, as required

What do you need to succeed?

• Strong verbal and written communication skills with the ability to present complex regulatory compliance data to both technical and non-technical stakeholders

• Organizational savvy and ability to navigate and lead cross-functionally within a complex and matrixed organization and influence decision-making

• Strong interpersonal and teamwork abilities

• Strong analytical, strategic, and project management skills

• Knowledge of the financial services industry, asset management industry, legislation, and regulatory requirements

• Ability to translate regulatory themes, trends, and expectations into “so what” statements, i.e. business impacts and regulatory risks

• Ability to be agile and adapt quickly to evolving priorities

• Flexibility with work hours to accommodate interactions with Asia-based Sun Life teams and the needs of the quarterly reporting cycle

Technical Requirements

• University degree in law, finance, business, risk management or related field

• Minimum of 7+ years in a regulated industry and prior experience with regulatory relationships and reporting to a Board or senior executive management

• Strong understanding of regulatory compliance risk management frameworks, KRI methodologies, and regulatory requirements

• Proficiency in data visualization and the development of Power Point decks

• Experience in redesigning and creating net new reporting using clear, precise, plain language

What's in it for you?

• The opportunity to move along a variety of career paths with amazing networking potential

• Flexible Benefits from the day you join to meet the needs of you and your family

• We’re committed to creating an inclusive and respectful environment. Our goal is to make sure all our employees have the chance to live up to their full potential

• We’re honoured to be recognized as a 2023 Best Workplaces in Ontario by Great Place to Work® Canada

• We are thrilled to be recognized by Excellence Canada with their top-level certification, the Canada Order of Excellence for Mental Health at Work®, for prioritizing employee well-being, fostering a positive work culture, and achieving excellence in mental health.

*LI-NB1

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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