Assistant Vice President Risk Management - Toronto, Canada - Mackenzie Financial Corporation

Mackenzie Financial Corporation

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Description:

Grade:

L10:

Division:
IGM - RISK
IGM Financial Inc.

is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under managements.

The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals.

Its activities are carried out principally through IG Wealth Management and Mackenzie Investments

Under IGM Financial's unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967.

Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.

At Mackenzie Investments You Can Build Your Career with Confidence.

We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them.

As part of our team, you will do some of your best work, develop some of your most valuable skills and give back in ways that make a difference in the lives of Canadians.

We are proud to be recognized as one of Canada's Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and centre.
Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing.

You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities.

We are dedicated to offering a hybrid work environment when applicable.

Position:

The AVP, Investment Risk Management is responsible for IGM Financials' 2nd line of defense investment risk in evaluating and monitoring investment risks across investment teams and investment portfolios on behalf of IGM's clients.

This position reports to the VP & Head of Asset Management Risk and is part of the broader risk management team under the leadership of IGM's EVP and Chief Risk Officer.

In this position, you will have the opportunity to use your leadership, technical and management talents to lead a team and ensure optimum investment risk management programs across IGM's subsidiaries and key business functions.

Responsibilities:

Foster a strong risk culture within the organization, working closely with operational units, business leaders and Senior Management.
Maintain ongoing awareness of developments in risk management / internal control field, including industry developments.
Lead staff and perform all HR functions (development, career planning, performance management, recruitment).
Work collaboratively with the 1st Line of Defence (investment operations, investment and product teams) in reviewing, refining, challenging and updating the framework used for evaluating and monitoring investment risks cross investment teams and investment portfolios on behalf of IGM's clients
Investment oversight

Fund Liquidity

Provide oversight for fund liquidity risk management framework including calculation on liquidity minimums, review and reporting of results with Investment Operations.
Investment Operational Risk Oversight provide second line oversight on investment risk operational committees (eg. Trade Management Oversight Committee, Securities Lending Committee); second line oversight on counterparty exposures; review of trade errors.
Project participation.
Enterprise Risk Management
Participate in annual business unit meetings to provide guidance to business areas, assist in the development of changes to ERM risk framework methodology, discussion on top and evolving risks.
Preparation of material for the Executive Risk Management Committee and Risk Committee of the Board, presentations to the Subsidiary Fund Oversight Committees and Subsidiary Boards (eg. MFC, IGIM, MIEL, MIC).
Designated financial risk representative for company initiatives.

Core Competency Requirements:

Risk leader, who is handson, proactive and decisive.
Strong analytical background with experience in modelling and scenario analysis.
Superior project management ability and driveforresults mentality.
High standards regarding the quality and thoroughness of business and technical analysis.
Able to form independent investment risk views, respectfully challenge business unit's risk assessments and creatively develop approaches and solutions for complex issues.
Proven relationship building skills to build and maintain productive partnerships
Ability to motivate business leaders and champion change and improvement in execution.
Excellent communications skills (written and verbal) in order to interact knowledgably and with impact, including at the senior executive level.

**Experience Re