Actuarial Associate, Risk Management

IVARI•Toronto, ON

2d•CA$85,000 - CA$110,000•Hybrid

About The Position

This position is for an existing vacancy. You will report to the Head of Financial Risk, Sagicor North America and will be responsible for developing and implementing risk management strategies across the organization. You will collaborate with various departments and external stakeholders to ensure that we have effective risk management practices in place. This is an important role that requires strong decision-making skills and the ability to work both independently and as part of a team.

Requirements

5+ years of relevant work experience within Financial Services and/or Life Insurance industry, including experience in risk management
Bachelor’s degree in actuarial sciences, accounting, finance or similar field
ASA, ACIA, FSA or FCIA designation
Chartered Enterprise Risk Analyst (CERA), Certificate in Risk Management (CRM), Financial Risk Manager (FRM), CIP (Chartered Insurance Professional), or other relevant risk management designations
Strong analytical and problem-solving skills
Ability to work independently on complex projects
Proven ability to meet tight deadlines while multi-tasking
Demonstrated ability to collaborate effectively to deliver on organizational goals
Excellent written and verbal communication skills

Responsibilities

Support risk reporting to the board and regulators
Calculate Capital at Risk, monitor risk limits and risk appetite.
Support the setting of internal capital targets
Support the delivery of the Own Risk and Solvency Assessment (ORSA)
Support model validation framework including conducting model validations.
Support ALM and hedging reporting
Develop responses to regulatory changes and prepare analysis of new OSFI or NAIC guidelines
Identify and assess risks in Canadian and the U.S. businesses with a focus on market, credit and insurance risks
Lead stress testing across the organization (Canada, U.S. and the Caribbean).
Develop and maintain comprehensive and reliable risk models
Lead initiatives related to the above items and recommend improvements
Cultivate strong relationships with business units and control functions to promote a risk-aware culture and add value through collaboration
Clear and concise communication to team and leader