Job Description

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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, Mackenzie Investments and Investment Planning Counsel.

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 Greater Toronto’s Top Employers (2022) 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.

Mackenzie Investments is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.
Position The AVP, Financial Risk Management (FRM) is responsible for IGM Financial’s 2nd line of defense FRM functions including oversight of market, credit and liquidity risks, and oversight of investment and model risks. This position reports to the SVP, Enterprise Sustainability and Financial 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 financial 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).
• Financial Risk Management
• Responsible for the quarterly Financial Risk Management Committee meeting, calibration of current risks and external environment.
• Act as the key leader and liason for second line financial risk oversight across IGM FInancial, with primary groups including Treasury, Mortgage banking, investment management and fund operations.
• Participate on company initiatives that require financial risk expertise.
• 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

• Financial risk leader, who is hands-on, proactive and decisive.
• Strong analytical background with experience in modelling, stress testing and scenario analysis.
• Superior project management ability and drive-for-results mentality.
• High standards regarding the quality and thoroughness of business and technical analysis.
• Able to form independent financial risk views, respectfully challenge business unit’s financial risk assessments and creatively develop approaches and solutions for complex issues.
• Proven relationship building skills to establish and maintain productive partnerships
• Ability to motivate business leaders and champion change and process improvement.
• Excellent communications skills (written and verbal) in order to interact knowledgably and with impact, including at the senior executive level.

Experience Requirements

• A senior leader with 10+ years of experience in financial risk, or a related role with a strong technical background.
• Financial services industry experience preferred; investment risk experience is an asset.
• A university degree in Finance, or a related discipline, and a financial designation is preferred (CFA, FRM, CA).
• Experienced in collaborating with and being a trusted ally to senior leadership.
• Previous experience reporting to senior management committees.

Please visit our career page by clicking on the following link: https://www.mackenzieinvestments.com/en/careers

For internal applicants, please share with your current leader your intent to apply to the role. In the event that you are selected, please let your Talent Acquisition Partner know if you are in any other internal recruitment process.

We thank all applicants for their interest in Mackenzie Investments; however only those candidates selected for an interview will be contacted.

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by August 31, 2022.