Chief Risk Officer - 12 - 18 month fixed term contract

Location: 

Dublin, IE

Company:  Canada Life Group Services
Description: 
  • Full Time FIXED TERM CONTRACT  (12 - 18 months) 
  • Hybrid role based in our City Centre offices


What we offer

  • We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.
  • We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few. 
  • Further details on our benefits package can be accessed here Benefits (life-careers.com)

 

Team overview

 

  • Canada Life Reinsurance (CL Re) has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CL Re’s European and Asian operations as well as the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 160 reinsurance professionals, including 110 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.
  • This successful candidate for this role will lead the CLReI Risk team which provides second line oversight of all risks at CLReI, covering a wide array of risk types. 

 
 

Role Overview

 

  • An experienced actuary is sought to fill the Chief Risk Officer role for the next 12 to 18 months (to cover a maternity leave). You will have a dual reporting line to the CLReI Chief Executive Officer and the CL Re Chief Risk Officer. For functional purposes, you will also have a direct reporting line and responsibility to the Risk Committee for oversight matters.
  • This role represents an excellent opportunity to gain experience of working with senior management at CLReI, Canada Life Group (Europe) and CL Re. 
  • In addition, the role will offer the opportunity to present to Board-level committees and to engage with the Central Bank of Ireland as required.
  • Depending on the experience of the successful candidate, the role could be a Pre-Approved Control Function Role (PCF14) under the Central Bank of Ireland’s Fitness and Probity Regime.
     

What you will help us to achieve

 

  • You will be responsible for providing independent risk oversight across CLReI with primary responsibility to the CLReI Board. 
  • You will be a member of the CLReI Investment Committee as well as representing CLReI on various Canada Life Group European-level risk committees. 
  •  In addition, you will be the Chair and be responsible for producing materials for the CLReI Risk Management Committee as well as presenting relevant materials to the CLReI Board and Risk Committee.

More specific responsibilities will include

 

  • Development and implementation of the Company’s Enterprise Risk Management Framework 
  • Producing and presenting risk oversight materials for the CLReI Risk Committee and Board of Directors, including the ORSA Report
  • Co-ordinating and chairing the quarterly executive Risk Management Committee  
  • Engaging with the Central Bank of IreIand as required
  • Supporting group risk function initiatives and the wider CL Re risk team as required

What you will need to be successful in the role

The ideal candidate will have/be: 

  • A qualified actuary with 7+ years’ experience in a life insurance or life reinsurance environment (not essential but highly desirable)
  • Experience of drafting and presenting reports to senior management and\or board-level committees
  • Risk, Valuations or Pricing experience is beneficial 
  • Well-developed verbal and written communication skills, and in particular, an ability to effectively communicate complex concepts
  • Assertive, self-motivated with the capacity to work autonomously, as part of a team and across teams including experience of planning and leading projects or initiatives
  • Strong analytical skills and problem-solving abilities
  • Competent user of MS Excel, MS Access, MS Word and MS PowerPoint
     

Key Competencies

Problem Solving & Decision Making
Leadership
Risk and Control
Commercial Awareness
Communication & Influencing
Planning & Organising


​​Fitness & Probity

Depending on the experience of the successful candidate, this role could be a ‘pre approved controlled function’ as defined by the Central Bank Reform Act 2010 Regulations 2011. If it is, any appointment will be conditional on the company being satisfied that the appointee meets the requirements as set out in the Fitness and Probity standards issued by the Central Bank and that the appointment has been approved in writing by the Central Bank. This requires the company to complete prescribed due diligence to assess the appointee’s fitness and probity. Further details on this due diligence process are available from Human Resources.


About us

Canada Life Reinsurance (CL Re) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and, more recently, Asia.

Great-West Lifeco Inc Lifeco and its companies have approximately $2.8 trillion in consolidated assets under administration and a capital ratio (LICAT) of 128% (as at 31/12/2023).

 

CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse and investment risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the reinsurance solutions it offers to new and existing clients in many global markets. CL Re has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CL Re’s European and Asian operations as well as the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 160 reinsurance professionals, including 110 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded. 

 

 

Shortlist

The company reserves the right to draw up a shortlist as part of the selection process.  Where Agency assistance is required the Canada Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Canada Life Reinsurance by Recruitment Agencies will not be accepted for this role.

 

Diversity,  Equality and Inclusion

As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.

 

Canada Life Group Services is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued.  We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported.  We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.

 

If you require any accommodations during the recruitment process please contact Lifecareers@irishlife.ie and we will be delighted to ensure you are fully supported to be your best.   

 

 

CLGS supports Equal Opportunity and is regulated by the Central Bank of Ireland.