VP, Operational Risk Oversight at Manulife in Toronto, ON

Job description

Position Responsibilities: Delivering information risk expertise and advice to the business users enabling them to manage their Resilience & Crisis response risks efficiently and effectively. Managing the Resilience & Crisis risk team and function with direct reports in multiple locations with responsibility for all staffing decisions related to this team. Adjusting and setting risk commitments within the team. In a changing environment, constantly reviewing and balancing the team’s business-as-usual commitments with short-term/immediate priorities and long-term strategic initiatives. Completing short-term planning and creating long-term strategy that will mature information risk capabilities ensuring the practices keep pace with both internal drivers (company strategy and goals) and external drivers (technology, regulations, threats, vulnerabilities, etc.). Fostering and maintaining a talent pipeline to ensure staff openings and hiring are managed proactively; devising training paths and development plans to ensure skills within the team are fostered and strengthened to meet both the current and anticipated demand; maintaining and if appropriate attaining new certifications. Anticipating the needs of skills, knowledge, and tools for their team. Being responsible and accountable for team budget and spending. Staying abreast of new regulations, laws, and requirements for relevant risks across jurisdictions and overseeing compliance with same as required. Ensuring staff are properly trained and keep current with information risk and resilience developments, and technology (both in use at Manulife and across the industry). Interacting with and cooperating with information risk teams globally ensuring uniform processes and compliance with Global Information Risk Management processes, procedures, policies, standards, templates, and guidelines. Maintaining and fostering enduring relationships with internal customers namely: Executives and other staff within business lines project managers, developers, and others. Executives and peers within the wider Information Risk Management community executives and others within other second- and third-line of defense teams (Audit Services, Operational Risk, Compliance, Investigative Services, Enterprise Risk, etc.) Leading the Global ORM function and supporting the Head of Technology, Operational and AI Risk in overseeing operational risk across the Company Leading the implementation of the Company's enterprise-level ORM program and ensuring the program adds value to the organization and is aligned with regulatory expectations and industry practices. Responsible for driving operational risk transformation towards an effective and efficient integrated model with overall operations. Reimagine and lead with a strategic lens. Drive and implement strategic and global operational initiatives to support business goals Lead talent transformation to attract and retain highly skilled individuals Ensuring core program elements are appropriately designed and implemented including the following: Company's ORM Framework document and Operational Risk Policy and Standards. Risk Appetite for Operational Risk. Risk and Control Assessment program. Operational incident data collection database and related processes. ORM scenario and stress testing program Evaluating operational risk on significant projects/programs, new/revised products, and M&A transactions. Key risk indicator tracking; Operational risk reporting including quarterly dashboard. Leading the development and implementation of ORM supporting technology (i.e. Archer Responsible for communication and reporting requirements related to the ORM Program including the following: Supporting the Operational Risk Committee to facilitate its effective operation and oversight of enterprise level operational risk. Acting as the key point of contact for discussions with Manulife's primary regulator (OSFI)and other regulators as appropriate. Act as an ambassador for