Manager, Business Risk & Regulatory

The Manager, Business Risk & Regulatory Change is a key Line 1B role embedded within the Individual Insurance Canada business unit. This position ensures that regulatory changes and business risk management requirements are proactively identified, assessed, and integrated into business processes and delivery initiatives.

Reporting to AVP, Digital Delivery, the Manager will partner with business and delivery teams to translate regulatory and risk requirements into business actions, conduct and/or coordinate impact assessments, define clear paths to compliance and support project management for larger regulatory changes impacting multiple areas.

Regulatory Change Management

• Facilitate end-to-end regulatory change management, including socialization of new requirements and engaging relevant stakeholders to capture impact analysis for business processes, systems, and controls.

• Collaborate with compliance, legal, privacy, operations, and delivery teams to translate regulatory requirements into actionable business and system requirements.

• Define and communicate clear paths to compliance and senior leadership, including the establishment and tracking of corrective action plans and the associated timelines.

• Facilitate cross functional forums, coordinate project management activities, and maintain trackers related to regulatory change initiatives for business stakeholders in partnership with Compliance.

• Develop tools, templates, and training materials to enable consistent compliance practices across Insurance & GWS business areas.

• Coordinate and deliver risk and compliance reporting, including:

  • Monthly regulatory updates for business reviews

  • Regular input required for Risk Committees

  • Regular key risk metrics reporting

  • External regulatory surveys (e.g., Code of Market Conduct)

  • Other relevant ad-hoc reporting to support the delivery organization overall

• Serve in a Line 1B Risk Management role for Insurance & GWS Line 1 business areas, including inforce management.

• Act as a trusted advisor to business leaders and delivery teams, providing guidance on compliance and risk management requirements.

• Assist in performing risk assessments, evaluating control environment, and developing mitigation plans for assigned change initiatives in collaboration with business stakeholders.

• Assist business stakeholders with Risk and Control Assessments and Operational Resilience activities.

• Manage internal risk incidents/loss events owned by business stakeholders to ensure they are logged in timely manner, corrective actions plans are developed and implemented within the given deadlines.

• Bachelor’s degree with 5+ years of experience in business risk management, audit, regulatory change, or compliance within financial services or insurance.

• Strong knowledge of audit and compliance methodologies, control frameworks, risk management practices, and experience with risk management tools (e.g., Archer or similar)

• Excellent communication and stakeholder management skills, with the ability to proactively engage cross-functional partners, foster open dialogue, and bring teams together to drive alignment on shared goals.

• Ability to quickly understand business processes and their regulatory / risk implications, analyze complex situations, reach appropriate conclusions, and make value-added and practical recommendations.

• Proven project management skills, with a track record of delivering projects on time and within budget as well as being able to shift priorities quickly when needed.

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

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