Sr. Director Finance & Actuarial Transformation

RBC • Mississauga, ON

11d • Onsite

About The Position

As the Senior Director, Finance & Actuarial Transformation, you will lead the end-to-end delivery execution of the finance & actuarial transformation initiative, ensuring compliance with the International Financial Reporting Standard (IFRS 17) while driving operational excellence and strategic alignment. This role requires a seasoned leader with deep expertise in financial reporting, actuarial processes, and large-scale transformation programs. You will be responsible for managing cross-functional teams, mitigating risks, and delivering measurable outcomes that align with organizational goals and regulatory requirements. This is a high-impact role that demands a results-oriented leader with a proven track record in delivering complex financial and actuarial transformation initiatives, particularly in the context of IFRS 17 implementation.

Requirements

• 10+ years of experience in financial reporting, actuarial transformation, or related fields within the insurance or financial services industry.
• Proven experience leading IFRS 17 implementation or similar regulatory transformation initiatives.
• Proven delivery experience in supporting a project management office with strategic mindset on governance & operating models.
• Strong knowledge of International Financial Reporting Standards (IFRS), particularly IFRS 17.
• Expertise in financial reporting, actuarial modeling, and data management.
• Demonstrated success in delivering large-scale, cross-functional transformation programs.
• Professional accounting or actuarial designation (e.g., CPA, CA, FSA, FCIA)

Nice To Haves

• Experience with financial systems and tools (e.g., SAP, Oracle, or other ERP systems).
• Familiarity with data visualization tools (e.g., Tableau, Power BI) for reporting and analytics.
• Experience in change management and training delivery.
• Knowledge of other regulatory frameworks (e.g., Solvency II, IFRS 9).

Responsibilities

• Lead the successful delivery of the IFRS 17 transformation initiative, ensuring all project milestones, timelines, and deliverables are met.
• Develop, maintain and execute a comprehensive program roadmap, aligning with the organization’s strategic objectives and regulatory deadlines.
• Act as the primary point of accountability for the Finance & Actuarial Transformation program, providing regular updates to head of transformation, senior executives, the CFO, Chief Actuary, and other key stakeholders.
• Foster a culture of collaboration, innovation, and accountability across cross-functional teams, including Finance, Actuarial, Risk, IT, and external consultants.
• Oversee the design, development, and implementation of IFRS 17-compliant financial reporting processes, systems, and controls.
• Ensure the seamless integration of program requirements into the organization’s financial and actuarial operating models.
• Drive the implementation of automation and process optimization initiatives to enhance the efficiency and accuracy of IFRS 17 reporting.
• Monitor and manage program risks, dependencies, and issues, ensuring timely resolution and minimal disruption to business operations.
• Communicate complex technical concepts and regulatory requirements in a clear and concise manner to non-technical stakeholders.
• Define and track key performance indicators (KPIs) to measure the success of the transformation initiative.
• Provide regular progress reports, including financial impacts, risk assessments, and key achievements, to the executive leadership team

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business
• RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: Ph.D. or professional degree