Description:
The Director, Compliance is responsible for driving and maintaining compliance processes and deliverables for the Investment Fund Manager, Canada Life Investment Management Ltd. (CLIML). CLIML is registered as an investment fund manager, portfolio manager and commodity trading manager. Its primary regulator is the Ontario Securities Commission. CLIML is the manager of the Canada Life Mutual Funds.
Initially, activities will fit within three broad areas
- Investment Fund Compliance Program Management
- Sub-Advisor Oversight Program Management
- Regulatory Review, Policy and Procedure Development, Projects
Accountabilities
- Develop, implement, communicate, and maintain policies and procedures for the Investment Fund Compliance Program and ensure adherence to firm, regulatory and legal guidelines and standards. Identify opportunities to improve program effectiveness. Develop/conduct training for compliance policies and procedures.
- Oversee review investment fund marketing materials and CLIML website content.
- Communicate with regulators frequently and as required.
- Assist with internal and external reviews.
- Assist CCO with Board and Independent Review Committee reporting, as required.
- Manage the sub-advisor oversight program in accordance with regulatory requirements and CLIML’s policies and procedures. Two-tiered approach to supervision by monitoring fund compliance daily, as well as conducting periodic sub-advisor due diligence reviews, and delivering a report to the CCO and Compliance Oversight Committee.
- Influence other business leaders to ensure the organization, business practices, materials and activities are consistent with the regulatory requirements for each jurisdiction. Regular reporting of business initiatives and risks to Compliance business partners.
- Remain up to date with regulatory environment and upcoming changes to ensure that policies and procedures are kept current.
Qualifications and Competencies
- 5+ years of compliance related experience, preferably with an entity registered with a securities regulator.
- University degree in a related field.
- CPA or CFA designation is an asset.
- Experience with Bloomberg Compliance Manager an asset.
- Comprehensive knowledge of the following National Instrument (NI) securities regulations: NI 31-103, NI 81-101, NI 81-102, NI 81-105, and NI 81-106. This includes a high degree of familiarity with investment fund rules, prospectus documents, and monitoring fund compliance.
- Knowledge of, and experience with, activities of an Independent Review Committee and the related requirements (NI 81-107) is preferred.
- Strong project management skills.
- Demonstrated experience identifying and innovating around processes and delivery mechanisms, related to use of outsourced service providers and leveraging technology platforms to meet regulatory obligations.
- Ability to understand and successfully navigate a matrixed organization.
- Proven ability to build and maintain strong internal and external relationships at all levels.
- Results driven.
- Capable of prioritizing competing tasks to ensure timely delivery of projects.
- Possesses a high degree of analytic and problem-solving skills.
- Strong proficiency with the MS Office suite.