Director, Internal Audit Actuarial and Risk

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Why Sun Life Internal Audit?

Our team members are important to us, and we understand that each person’s needs and circumstances are unique. At Sun Life (SL) we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs. In addition, Internal Audit fully participates in, and supports, Sun Life’s quinquennial sabbatical program where, starting with your 5th work anniversary and repeating every five years after, you can take a 3-6-week sabbatical that includes an additional paid week off added to your allotted vacation time.

About the role

Internal Audit contributes to Sun Life’s success by creating value through partnership, advisory and objective assurance. This role reports to the AVP, Internal Audit leading the Professional Practices Group for Internal Audit globally. The incumbent is a risk and actuarial subject matter expert that is responsible for guiding the North American actuarial audit team on actuarial matters and the global audit team on consistent risk-based guidance and approaches where relevant. The Director, Internal Audit Actuarial and Risk is an individual contributor role that will be supported in their mandate by various team members from time to time across the global audit team.

What you'll be doing

Actuarial Focus

• Provide subject matter expertise on actuarial matters in North America, supporting the audit teams in completing their risk assessments and audits.
• Provide subject matter expertise and informing the approach to assessing risk and executing on thematic actuarial audits across the global audit teams to ensure consistency in approach where appropriate.
• Provide expertise and leadership in discussions of risk assessment and audit findings with the clients in the business as appropriate for actuarial reviews.
• Support the continuous improvement of the audit teams’ understanding of actuarial concepts and the risks inherent in insurance products through training efforts.
• Monitor results for all actuarial processes selected for continuous audit/continuous monitoring.
• Participate in audits as required for North America actuarial processes.
• Actively participate in meetings with clients to help support a common understanding of risks inherent in the business process being audited as well as support clear communication of any recommendations for control improvement resulting from audit work.

Risk Focus

• Lead the approach to dynamic risk assessment through participation in global risk discussions and issue management that can be translated to audit implications and considered by the audit teams in a pro-active way.
• Collaborate across Internal Audit on risk topics and audit approaches.
• Provide guidance and challenge on risk related aspects of audit methodology and thematic reviews.
• Increase risk awareness across the department to help guide consistent risk-based audit work.
• Maintain a risk repository that supports on demand risk data to inform audit work.
• Take on a leadership role in contribution of teams’ continuous improvement and performance and reinforce internal audit purpose and risk assessment best practices.
• Deliver on the role of the department’s Operational Risk Officer (ORO) and Business Unit Compliance Officer (BUCO).

General

• Develop and leverage relationships with key leaders, including the first- and second-line leaders relevant to the mandate.
• Maintain knowledge and skills by staying current with developments in audit practice and the insurance industry.

What you'll need to succeed

• Professional actuarial designation
• 7+ years of experience in risk management and actuarial processes with a focus on building and leveraging relationships within and outside of your direct team.
• Strong understanding of the elements of risk management and controls. In addition, strong understanding of the actuarial processes (e.g., Valuation, Pricing, ALM, Capital, or Second Line Oversight) and tools (e.g., AXIS, Pathwise, etc.)
• Strong critical thinking skills to enable risk and control assessment and issue identification. Also creativity to adjust traditional approaches and tools, and willingness to challenge the status quo.
• Resilient and agile with the ability to manage conflict with the capacity to handle multiple complex deliverables simultaneously, and to prioritize work efforts.
• Strong personal and interpersonal skills - ability to manage diverse relationships across the organization, while effectively communicating complex issues and decisions, and remain open, receptive, and influence effectively.
• Strategic thinking, analysis, and interpretation skills - able to see and share the big picture.
• Change Management Skills - Comfortable in leading change, driving the implementation of effective practices, and helping others to make or adjust to change.
• Internal audit or risk management experience
• Experience in presenting to large groups and senior management.

What's in it for you

• Being a member of the Sun Life family, a group of people united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.
• A caring, supportive, and inclusive culture
• The opportunity to move along a variety of career paths with amazing networking potential.
• Enhanced technology, digital whiteboards, collaboration rooms and enclaves, our workspaces will support multiple workstyles and allow teams to connect in new ways for memorable moments of togetherness.
• Stock Ownership Program gives you the chance to invest in Sun Life and get a company match.
• We’re proud to be recognized as a company with a 2023 Most Trusted Executive team by Great Place to Work® Canada.

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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