Director - Actuary Investments and Market Risk

Confidential Company; Barrie; On-site; CAD 120,000 - 160,000; Full time

Job summary

A confidential company seeks a qualified actuary to lead financial risk management initiatives within their fast-growing team. You will oversee the development and management of an enterprise-wide financial risk framework, significantly impacting investment strategies and ensuring compliance with regulatory standards. The role offers opportunities to enhance your problem-solving, leadership, and communication skills while working on dynamic projects that shape the company’s risk profile.

Benefits

Competitive rewards program

Flexible benefits

Challenging and innovative projects

Qualifications

• Minimum 10 years relevant work experience.
• Qualified Actuary with FSA or FCIA qualifications.
• Knowledge of life insurance products, ALM, and IFRS 17.

Responsibilities

• Lead team for quarterly reporting and risk measurement methodologies.
• Review risk reports and streamline processes.
• Prepare executive and Board-level materials.

Skills

Interpersonal skills

Communication skills

Analytical skills

Problem-solving skills

Proactive

Detail-oriented

Leadership

Education

FSA (Fellow Society of Actuaries)

FCIA (Fellow of the Canadian Institute of Actuaries)

Job description

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role.

Key Responsibilities

You will play a key role in supporting the development and management of the Company’s enterprise-wide framework for financial risk by :

• Leading a team responsible for delivering quarterly reporting to various committees and regulatory bodies, as well as analytical support related to financial risk measurement methodologies and internal business strategies
• Reviewing credit, market, and liquidity risk reports and streamlining the reporting process
• Applying analytics to generate insights specific to financial risks and global capital markets and to help inform investment and risk strategy
• Preparing executive and Board-level material while effectively communicating technical concepts
• Supervise coordination with cross-functional areas to ensure preparation of executive and Board-level material completed on time and to high degree of quality
• Preparing for regulatory meetings, attending meetings, and coordinating resulting actions
• Evaluating hedging strategies and hedge monitoring for Great-West Lifeco’s product offerings
• Leading key financial risk initiatives related to emerging financial risks, proposed acquisitions, and regulatory change
• Monitoring business activities and external developments that would materially alter the company's risk profile
• Building strong understanding of internal strategies to measure and manage financial risks to effectively challenge and identify opportunities for enhancements
• Forming strong working relationships with internal stakeholders across our global business

The Candidate

Skills and Competencies

• Qualified Actuary, FSA (Fellow Society of Actuaries), FCIA (Fellow of the Canadian Institute of Actuaries), or other relevant degrees or a relevant professional body qualification
• Minimum 10 years relevant work experience
• Knowledge of life insurance product offerings, liability cashflow modeling, asset-liability management (ALM), IFRS 17
• Excellent interpersonal and communication skills
• Participates effectively in cross-functional and cross-regional teams
• Proactive and self-directed with the ability to complete several tasks concurrently
• Coaching / mentoring junior co-workers and managing projects to ensure deadlines are met
• Presents complex technical concepts to a range of audiences
• Keen eye for detail and superior analytical and problem-solving skills
• An asset to have knowledge of credit, market, and liquidity risk, investments, LICAT, and ORSA

What's in it for you?

• Rapidly develop your problem solving, leadership, relationship-building, and communication skills
• Work on challenging and innovative projects in a dynamic, collaborative, and fast-growing team
• Competitive and comprehensive rewards program including bonuses and flexible benefits