Regulatory Development and Engagement Manager

Regulatory Development and Engagement Manager

Join to apply for the Regulatory Development and Engagement Manager role at my Gwork - LGBTQ+ Business Community

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.

Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.

Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

Working under the overall direction of the Head of Compliance Effectiveness & Oversight, with significant interaction with both the Director of Compliance & Regulatory Affairs, and Chief Risk Officer, 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 (PRA, FCA, OSFI, CBI, and IOMFSA).

Analyse and interpret regulatory changes and developments 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.

• Horizon Scanning, Business Impact, Communication:
• 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. Deal with queries received from the business in a focused and timely manner.
• 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 (in the UK, Europe and Canada), and government departments (including HMRC) and Trade Bodies by maintaining a log of all regulatory changes and their status.
• Keep own knowledge up to date and anticipate future regulatory developments. Review key information sources (e.g. websites, information feeds and attendance at industry groups) to identify relevant regulatory changes and key intelligence.
• Interpret new regulatory proposals and assess their possible application to CL UK division, as well as other potential market and strategic implications.
• Monitor and report progress of the implementation of regulatory changes and provide relevant MI to the Head of Compliance Technical.
• Provide regular summaries and, when appropriate, analysis of relevant regulatory communications and papers, for Board, Executive and management committees and relevant staff (targeted at the needs of the audience).
• Lead on the coordination of regulatory interactions:
• Maintain a constructive relationship and close understating of matters arising with all regulators that the UK division interacts with.
• Provide support to Board members and management in preparing for regulatory meetings.
• Manage the flow and turnaround of regulatory requests. Maintain a log of regulatory communications ensuring timely closure of actions.
• Provide relevant reports to the Head of Compliance Effectiveness & Oversight / Director of Compliance & Regulatory Affairs on material regulatory issues and breaches that require escalation to the relevant Board and management committees.
• Coordinate across Risk & Compliance, in particularly with Risk & Compliance Business Partners, and the wider business to ensure a consistent approach across the businesses within CL UK division and common understanding of regulatory developments. This will include ensuring ownership of…