AVP, Head of Model Risk

Overview

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AVP, Head of Model Risk

role at

Canada Life .

Permanent Full Time

We are looking for an AVP, Head of Model Risk, who will work in the Global Risk Function leading, designing, implementing, and maintaining the Model Risk Management framework across all regions and business units within Great West Lifeco. Our Model Risk Management framework is designed and applied consistently across the organization to ensure we are effectively managing the risks associated with developing, implementing, changing and using models. We continually evolve our frameworks with changes in the external environment (stakeholder expectations, risk landscape, regulatory requirements, industry, etc.) and the internal environment (the Company's business strategies, use of technology, etc.). This is a critical time within model risk as the adoption of AI within our Company and the industry is accelerating.

What you will do

Design and Lead an Effective Model Risk Management Framework : Lead the development, implementation, and communication of the Model Risk Management (MRM) framework. Ensure ongoing education and engagement of key stakeholders to embed best practices across the organization.

Governance, Oversight, and Challenge : Oversee the governance of model risk, establishing clear accountability and approval processes, and delivering timely and insightful risk reporting.

Stakeholder Engagement and Communication : Act as a key ambassador for model risk across the organization. Build strong relationships with internal and external stakeholders, ensuring clear, consistent communication and collaboration to promote understanding, alignment, and accountability in model risk practices.

Leading Change through Continuous Improvement and Innovation : Identify and pursue opportunities to enhance the MRM framework, with a focus on emerging technologies and methodologies such as artificial intelligence and machine learning.

Team Development and Leadership : Lead a high-performing team by fostering a culture of growth, collaboration, and excellence. Empower employees to reach their full potential while driving operational efficiency and delivering impactful support to business decision-making. The Model Validation team led by Head of Model Validation reports into this role.

What you will bring

10+ years’ working in the financial services industry with knowledge of the industry / business, and exposure to actuarial, risk management, and accounting

FSA, FCIA, and CFA designations and knowledge of AI would also be an asset

Exceptional communication skills with experience presenting to executive management

Ability to influence through a variety of styles, balancing priorities while ensuring alignment with the enterprise risk management framework

Ability to build trusted relationships and collaborate across global, diverse and multi-functional teams

Ability to assess the internal & external environment in order to stay ahead of industry trends

Strong leadership skills including proven track record developing and leading high performing, diverse teams

Drive to set and deliver ambitious goals and maintain accountability for continuously driving improved performance, leading change and ensuring high standards

The base salary for this position is between

$111,000

• $205,500

annually. This represents base salary only and does not represent other variable compensation components of our total compensation (i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Great-West Lifeco and Canada Life - Apply today!

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands : Canada Life, Empower and Irish Life.

At the end of 2023, our companies had over 33,500 employees, 232,000 advisor relationships, and thousands of distribution partners – serving approximately 42 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

Equal Employment Opportunity and Accommodation

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

Wewould like to thank all applicants, however only those who qualify for an interview will be contacted.

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