AVP Asset Liability Management Production | Great West

Canada Life; Toronto; On-site; CAD 176,000 - 226,000; Full time

Benefits offered by this job

Career development

Health & Wellness benefits

Pension plan

Job summary

Great-West Lifeco Inc is a Canadian‑headquartered financial services group with interests in life and health insurance, retirement, investments and asset management. It operates in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life, serving millions of customers and employing thousands of colleagues worldwide.

AVP, Production leads ALM analytics delivery, reporting and risk metrics, collaborating with Investment, Finance, Risk and Actuarial teams.

Qualifications

• Fellow of the Canadian Institute of Actuaries.
• CFA or other investment designations are an asset.
• 10+ years of experience in insurance, investments, or financial industry role.
• Ability to communicate complex technical matters clearly to both technical and non-technical audiences.
• Continuous improvement and innovation mindset.
• Exceptional stakeholder leadership and influencing skills, with a track record of building alignment and accountability in a matrixed, global organization.
• Strong business acumen, strategic judgement and decision-making, with the ability to balance technical rigour, reporting timelines, risk and practical business considerations.
• Demonstrated people leadership, including setting direction, developing technical talent, fostering collaboration and creating a culture of continuous improvement and high standards.

Responsibilities

• Partner with Investments front office to source and allocate assets by segment in compliance with approved policies, guidelines, and investment strategies
• Monitor key risk metrics and develop action plans to manage within risk limits for all business segments
• Support product pricing by developing and providing interest rates and other asset statistics
• Maintain, enhance and execute IFRS 17 Yield Curve Service (YCS) processes, critical to the determination of insurance contract liabilities across Canada Life
• Manage quarterly Net Investment Result reporting, including the attribution of Base and Non-Base earnings, and communicating insights to senior stakeholders
• Partner with Technology to ensure ALM systems are supporting the needs of the ALM team and other business stakeholders
• Identify ways to improve and rethink existing processes and also find solutions to unique business situations that arise regularly
• Identify team and individual performance metrics while focusing on employee empowerment, development, and high performance
• Maintain ALM guidelines, manage governance processes, and take a leading role on ALM committees

Skills

Communication

Stakeholder leadership

Strategic judgement

Decision making

People leadership

Business acumen

Analytical thinking

Process improvement

Risk awareness

Education

Fellow of the Canadian Institute of Actuaries

CFA or other investment designation

Tools

IFRS 17 Yield Curve Service (YCS)

Job description

Role Description

The Canada Asset Liability Management (ALM) team brings together a complete view of Canada Life’s assets and insurance liabilities to guide how the balance sheet is invested and managed. It identifies and manages interest rate, liquidity, currency, inflation, credit and asset‑mix risks, while balancing earnings, capital and risk objectives. It produces accurate and insightful reporting and analysis to support decision‑making. Effective ALM helps Canada Life meet its commitments to policyholders, remain resilient across market cycles and create sustainable long‑term value.

Permanent Full Time

Role Description

The Canada Asset Liability Management (ALM) team brings together a complete view of Canada Life’s assets and insurance liabilities to guide how the balance sheet is invested and managed. It identifies and manages interest rate, liquidity, currency, inflation, credit and asset‑mix risks, while balancing earnings, capital and risk objectives. It produces accurate and insightful reporting and analysis to support decision‑making. Effective ALM helps Canada Life meet its commitments to policyholders, remain resilient across market cycles and create sustainable long‑term value.

ALM team members have the opportunity to work with a wide range of diverse stakeholders, hone their technical asset liability and financial analysis skills, while developing collaborative partnerships across business segments and functions. The AVP, ALM Production is responsible for overseeing the production, validation, and delivery of ALM analytics and reporting, while measuring, monitoring and managing ALM risks. The role ensures the timely and accurate calculation and reporting of financial results, balance sheet risk metrics, interest rate risk exposure, and liquidity measures. The position partners closely with senior leaders within Investment, Finance, Risk, and Actuarial teams to support strategic decision‑making. You will lead a team of ~15 staff to deliver these responsibilities. The AVP, Production reports to the VP, Asset Liability Management and is part of the broader Great West finance organization.

What You Will Do

Operational Activities

• Partner with Investments front office to source and allocate assets by segment in compliance with approved policies, guidelines, and investment strategies
• Monitor key risk metrics and develop action plans to manage within risk limits for all business segments
• Support product pricing by developing and providing interest rates and other asset statistics

ALM YCS & Systems Activities

• Maintain, enhance and execute IFRS 17 Yield Curve Service (YCS) processes, critical to the determination of insurance contract liabilities across Canada Life
• Manage quarterly Net Investment Result reporting, including the attribution of Base and Non-Base earnings, and communicating insights to senior stakeholders
• Partner with Technology to ensure ALM systems are supporting the needs of the ALM team and other business stakeholders

Leadership

• Identify ways to improve and rethink existing processes and also find solutions to unique business situations that arise regularly
• Identify team and individual performance metrics while focusing on employee empowerment, development, and high performance
• Maintain ALM guidelines, manage governance processes, and take a leading role on ALM committees

What You Will Bring

• Fellow of the Canadian Institute of Actuaries
• CFA or other investment designations are an asset
• 10+ years of experience in insurance, investments, or financial industry role
• Ability to communicate complex technical matters clearly to both technical and non-technical audiences
• Continuous improvement and innovation mindset
• Exceptional stakeholder leadership and influencing skills, with a track record of building alignment and accountability in a matrixed, global organization
• Strong business acumen, strategic judgement and decision‑making, with the ability to balance technical rigour, reporting timelines, risk and practical business considerations
• Demonstrated people leadership, including setting direction, developing technical talent, fostering collaboration and creating a culture of continuous improvement and high standards

The base salary for this position is between $176,300 - $226,300 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Great-West Lifeco

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. At the end of 2024, our companies had over 32,250 employees, 106,000 advisor relationships, and thousands of distribution partners – serving approximately 40 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

What we offer

Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annually towards education reimbursement.

Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.

Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.

Financial Security: Company-matching pension plan,share ownership program and additionalinvestment options.

Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!

Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

Learn more about Great-West Lifeco.

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact [e-mail]. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies.