Manager, Capital Modelling, Corporate Actuarial

TD•Montreal, QC

3d•CA$140,000 - CA$165,000•Onsite

About The Position

TD Insurance is part of TD Bank Group, one of Canada’s 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 1,000 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 4,000 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.

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.
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.
Ability to communicate effectively in English, both verbally and in writing.
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.

Nice To Haves

French is an asset.

Responsibilities

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 OSFI's Guideline E-19: Own Risk and Solvency Assessment ("ORSA").
Support TD Reinsurance Barbados ("TDRB") economic capital modelling.
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 OSFI's Annual Memorandum to the Appointed Actuary.
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 OSFI's Standardized Stress Testing ("SST") when required.
Ensure compliance with OSFI Guideline E-18.
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 OSFI's Guideline A-4.
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 OSFI's Guideline E-15.
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.
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.