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Actuarial Analyst, Financial Modeling, GRM, RBC Insurance

Actuarial Analyst, Financial Modeling, GRM, RBC Insurance

Royal Bank of Canada>MISSISSAUGA, Canada
4 days ago
Job description

Job Summary

Reporting to the Associate Director, Financial modelling of GRMI (Group Risk Management – Insurance), the incumbent will gain exposure to the asset liability management framework.  The role primarily support the team on asset modelling and the discount rate (DR) production process.  The role also assists in the quantification of monthly ALM transactions and the implication to the DR process.

Job Description

What is the opportunity?

Reporting to the Associate Director, Financial modelling of GRMI (Group Risk Management – Insurance), the incumbent will gain exposure to the asset liability management framework.  The role primarily support the team on asset modelling and the discount rate (DR) production process.  The role also assists in the quantification of monthly ALM transactions and the implication to the DR process.

What will you do?

  • Assist in the monthly DR production and quantification of ALM trades in AXIS, including asset data checking and reconciliation in GGY AXIS.
  • Assist in annual economic assumption changes.
  • Provide support to internal / external teams for quarterly / annually reports such as LICAT, risk reports, AAR, materials for Board, etc.
  • Support the identification, development, and implementation of enhancements to existing DR process, methodologies and frameworks.

What will you need to succeed?

  • Bachelor’s degree (or above) majoring in Actuarial Science or Statistics with a minimum 3 SOA exams
  • Prior experience on GGY AXIS is required (especially AXIS datalink), excel VBA and R
  • ALM / Investment working experience and knowledge would be preferred but not required.
  • Strong problem solving and technical skills, be able to investigate issues and provide suggestions
  • Self-motivated and attention to details

    • What's in it for you?

  • A Total Rewards program that includes flexible benefits, work / life balance and career development programs and investment and retirement savings plans
  • Competitive pay and high-earning potential
  • Study program for pursuing the actuarial credential
  • All the tools, training, and team support you need to grow your career
  • Flexible work / life balance options
  • Sophisticated RBCI software tools to boost your productivity

    • Job Skills

    Reconciliations, Technical Analysis

    Additional Job Details

    Address :

    MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR : MISSISSAUGA

    City : MISSISSAUGA

    Country : Canada

    Work hours / week : 37.5

    Employment Type : Full time

    Platform :

    GROUP RISK MANAGEMENT

    Job Type : Regular

    Pay Type : Salaried

    Posted Date : 2024-11-22

    Application Deadline :

    2024-12-07

    Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above

    I nclusion and Equal Opportunity Employment

    At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

    We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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