Actuarial Analyst III - Capital

TD; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

TD Bank is seeking an Actuarial Analyst III in Montréal, Quebec to join the Capital team. The role focuses on ECAP modelling, FCT modelling and stress testing for TD Insurance General entities, ensuring regulatory compliance and insightful risk analysis.

You will prepare and validate FCT reports, create management decks, and help set internal capital targets while communicating results to stakeholders across TD.

Qualifications

• Maintain, develop, and implement internal ECAP model for TD Insurance General Insurance (TDI-GI).
• Maintain or develop FCT model with base scenario justification and risk calibration.
• Support regulatory compliance with OSFI guidelines and A-4/ORSA requirements.

Responsibilities

• Prepare and deliver results presentation decks and FCT reports.
• Support on-time delivery of external peer review reports.
• Provide recommendations on internal target capital ratios for TDI-GI entities.

Skills

ECAP modelling

FCT modelling

OSFI guidelines

Stress testing

Reporting

Job description

Work Location:

Montréal, Quebec, Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

100 000 $/$100,000 - 130 000 $/$130,000 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 candidate’s 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:

Department Overview

Ground-breaking projects and careers in TD Actuary

It takes an astute combination of analytical skills, business knowledge and an understanding of human behavior to navigate today’s complex risk factors in business – and banking. This is the special expertise of the Actuary professional community at TD.

Actuary roles help us strategically plan our future business success and increasingly, to fulfil specialized functions in areas such as pricing, underwriting, insurance, reinsurance and of course, risk management. We value and customers benefit from the tremendous actuarial talent at the Bank and craft these roles with opportunities for personal and professional growth.

Reporting to the Manager, Capital, the main responsibilities of the Actuarial Analyst III are:

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 OSFI’s 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/threats, calibration of adverse scenarios, etc.
• Ensure compliance with Canadian ASOP and OSFI’s 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.
• 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 OSFI’s Guideline A-4.

Reporting

• Prepare and maintain results presentation decks and provide solid support and explanation of results.
• Prepare, validate and on-time delivery of FCT reports.
• Support and guarantee the on-time delivery of FCT external peer review reports.