Regulatory Development and Engagement Manager
Join to apply for the Regulatory Development and Engagement Manager role at Canada Life Assurance Europe plc.
Location: Hertfordshire
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 Purpose
Working under the overall direction of the Head of Compliance Effectiveness & Oversight, with significant interaction with the Director of Compliance & Regulatory Affairs, and as the core member of the Regulatory Relations Team, support the Director in the development and maintenance of effective working relationships with all regulators that the UK division interacts with. Analyse and interpret regulatory changes and maintain close business oversight to ensure that change is being implemented in a timely fashion. Work collaboratively with Risk & Compliance Business Partners to ensure the business areas impacted by regulatory change receive the necessary regulatory advice and guidance. Some travel to other office locations and regular travel to London is essential for this role.
Key Accountabilities
* Act as a technical resource for the company on regulation and regulatory developments, assessing and communicating the impact of regulatory changes and key intelligence to the business.
* Document and deploy a comprehensive range of intelligence gathering approaches to maintain awareness of relevant regulatory developments across all regulators that the UK division interacts with.
* Keep own knowledge up to date and anticipate future regulatory developments.
* Interpret new regulatory proposals and assess their possible application to CL UK division.
* Monitor and report progress of the implementation of regulatory changes and provide relevant MI to the Head of Compliance Technical.
* Lead on the coordination of regulatory interactions and maintain constructive relationships with all regulators.
* Manage the flow and turnaround of regulatory requests and maintain a log of regulatory communications ensuring timely closure of actions.
* Coordinate across Risk & Compliance and the wider business to ensure a consistent approach across all CL UK division units.
* Initiate and oversee the process to implement regulatory changes, working with the 2nd Line compliance team, project office and the wider business.
Desired Knowledge / Experience / Skills
* Excellent knowledge and experience of required business processes and controls within life, equity release, asset management and pensions businesses.
* Detailed knowledge and thorough understanding of regulatory frameworks and requirements (e.g. PRA and FCA handbooks).
* Willing and capable of taking difficult decisions to progress issues, and able to assess when matters need to be escalated.
* Excellent influencing skills effective at all levels of the organisation.
* Good organisational skills, able to work under tight deadlines.
* Maintain effective working relationships with regulators, colleagues and governance functions.
* Analytical skills and ability to assess wider implications of changed practices on our business.
* Accurate and succinct oral communications and report writing skills.
Have or currently studying for a regulatory or financial services 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.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us.
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.
We want colleagues to have rewarding careers with us so we invest in the of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.
Flexibility
We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.
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