Manager, Capital Modelling, Corporate Actuarial

Work Location:

Montréal Quebec Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

140 000 $/$140000 - 165 000 $/$165000 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.

As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

TD Insurance is part of TD Bank Group one of Canadas largest financial institutions. TD Insurance helps protect clients from the accidents of life with a wide range of products including credit protection life health travel home and auto insurance. With more than three million clients TD Insurance authorized products and services are available online over the phone and through a network of more than 1000 TD Canada Trust branches.

In Canada we have two lines of business General Insurance and Life and Health. Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.

At TD Insurance we are committed to fostering an inclusive accessible environment. With a Canada-wide workforce of over 4000 employees and offices in Atlantic Canada Quebec Ontario and Alberta our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated and professional development is taken seriously. More than just a job we offer rewarding careers.

Reporting to the AVP Capital and Financial Forecasting the manager will be responsible for :

Economic Capital (ECAP) Modelling

• Maintain develop and implement the internal model for calibrating economic capital requirements for the TD Insurance General Insurance (TDI-GI) legal entities
• Ensuring regulatory compliance with OSFIs Guideline E-19: Own Risk and Solvency Assessment (ORSA).
• Support TD Reinsurance Barbados (TDRB) economic capital modelling.

Financial Condition Testing (FCT)

• Maintain develop and implement TDI-GI FCT model with justification of the base scenario identification of risks and management actions calibration of adverse scenarios etc.
• Ensure compliance with the Standards of Practice of the Canadian Institute of Actuaries and OSFIs Annual Memorandum to the Appointed Actuary.

Other Stress Tests

• Support the execution of TDBG stress testing program: Enterprise Wide Stress Testing (EWST) and Macro Stress Testing (MST) by testing the capital/profit impact on TDI-GI under determined stressed scenarios.
• Support OSFIs Standardized Stress Testing (SST) when required.
• Ensure compliance with OSFI Guideline E-18.

Internal Target

• Provide recommendations on the internal target capital ratios for the TDI-GI legal entities based on the ECAP FCT and other stress testing analysis
• Ensure regulatory compliance with OSFIs Guideline A-4.

Reporting

• Prepare and maintain results presentation decks and provide solid support on results justification and explanation.
• Prepare validate and on-time delivery of FCT reports.
• Support and guarantee the on-time delivery of FCT external peer review reports.
• Review and validate ORSA report.
• Ensure compliance with OSFIs Guideline E-15.

Governance and Process Optimization

• Ensure an adequate level of governance peer review and challenge of the modelling process.
• Review challenge and implement recommendations of business partners (senior executives risk and model validation partners working groups audit and external peer reviewer).
• Lead the implementation of best practices risk mitigation risk controls as well as processes policies and procedures for the group.

Leadership and People Management

• Lead a team of four actuarial analysts.
• Develop talent and manage performance reviews of team members.
• Act as a coach and mentor for team members.
• Provide team members with development opportunities within and outside the business unit.
• Support recruiting strategy to hire best potential.
• Participate actively as a leader to TD activities notably in TDI Corporate Actuarial and Risk Management teams.
• Respect TD Framework and Shared Commitments.

Professional Requirements:

• Bachelor degree in Actuarial science or other quantitative area of study.
• Acquired or working towards Fellowship with the Casualty Actuarial Society Canadian Institute of Actuaries or equivalent.
• Minimum of 7 years of Property & Casualty (P&C) actuarial experience including relevant people management experience.

Analytical/Technical Skills:

• Capital modelling and/or P&C reserving experience are strong assets.
• Stands out for his judgment and analytical mind.
• Has strong problem-solving skills.
• Skilled at anticipating the results of an analysis or a report.
• Recognized for his thoroughness and the quality of his work.
• Shows initiative creativity and critical thinking in his work.
• Has work experience with MS Excel(VBA) and other programming languages (eg. R/SAS/Python).
• Ability to make good decisions quickly when the situation so requires.

Soft Skills:

• Ability to communicate effectively in English both verbally and in writing. French is an asset.
• Highly adaptable for having discussions with different stakeholders in terms of expertise training and hierarchical position.
• Ability to work effectively during periods of stress.
• Ability to collaborate and build positive relationships with team members and business partners.
• Autonomous and perseverant.
• Fosters team spirit and loyalty to the company.
• Motivated by people management and talent development.

Who We Are:

As part of TD Bank Group one of Canadas largest financial institutions at TD Insurance we care for Canadian families making it easy to get the best advice protection and support in their moments of need always.

TD Insurance offers a wide range of products including General Insurance and Life and Health. Everyday we strive to make every interaction product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes a base salary variable compensation and several other key plans such as health and well-being benefits savings and retirement programs paid time off banking benefits and discounts career development and reward and recognition programs. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations requirements.

Colleague Development

If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if youd like accommodations (including accessible meeting rooms captioning for virtual interviews etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Maîtrise dune langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.

Required Experience:

Manager

Employment Type : Full-Time
Experience: years
Vacancy: 1