AVP Asset Liability Management Production | Great West

TechAlliance of Southwestern Ontario, London Economic Development Corporation; Winnipeg; On-site; CAD 176,000 - 226,000; Full time

Benefits offered by this job

Career development

Health & dental benefits

Volunteer day

Company pension plan

Employee discounts

ERGs & mentorship programs

Job summary

Great-West Lifeco is seeking an AVP ALM Production to oversee analytics, reporting and risk monitoring for Canada Life's ALM function. You will lead ~15 staff and partner with senior leaders across Investment, Finance, Risk and Actuarial to support strategic decisions.

The role emphasizes governance, process improvement and strong stakeholder leadership within a global organization. The base salary is CAD 176,300–226,300 with total rewards discussed in recruitment.

Qualifications

• Fellow of the Canadian Institute of Actuaries is required.
• 10+ years in insurance, investments, or financial services.
• Ability to convey complex topics to mixed audiences.
• Proven leadership in a matrix, global organization.

Responsibilities

• Oversee production, validation and delivery of ALM analytics and reporting.
• Manage ALM risks, balance sheet metrics and liquidity measures.
• Lead a team of ~15 staff and collaborate with senior leaders.
• Partner with Investments, Finance, Risk and Actuarial teams.
• Identify process improvements and governance for ALM.

Skills

Fellow of CIA

CFA designation

10+ years experience

Communication skills

Leadership

Stakeholder management

Strategic thinking

Education

Fellow of the Canadian Institute of Actuaries

Job description

AVP Asset Liability Management Production | Great West

Description:

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). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

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:

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full‑time or part‑time permanent team member:

Career Development: Opportunities for career advancement, access to industry‑leading learning programs and up to$2,000 annuallytowardseducation 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 andpersonal days,we support communityinvolvement with avolunteer day.

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

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

Emphasis onCommunity:We provide aworkplace whereemployeesfeel connected and supported throughEmployee Resource Groups (ERGs),mentorshipprograms,socialclubsandevents.

Learn moreabout Great-West Lifeco .

We’recommitted 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 handledin accordance withapplicable laws and Great-West Lifeco policies.

Location:

Winnipeg, MB, CA Toronto, ON, CA London, ON, CA