Director ALM Pension & Insurance

National Bank; Montreal; On-site; CAD 100,000 - 130,000; Full time

Job summary

Join a leading bank as an ALM Director in the Pension Plans and Insurance team. Utilize your actuarial expertise to influence asset management strategies and collaborate with a dedicated team. Enjoy a dynamic work environment focused on personal development and well-being.

Benefits

Health and wellness program

Employee Share Ownership Plan

Employee and Family Assistance Program

Preferential banking services

Opportunities to get involved in community initiatives

Virtual sleep clinic

Qualifications

• Experience in pension and life & health insurance.
• FSA or FCIA certification is an asset.

Responsibilities

• Lead the design of asset portfolio risk appetite and target allocation.
• Model new strategies specific to insurance and assess their impacts.

Skills

Actuarial Science

Mathematics

Leadership

Education

Bachelor’s in Mathematics

Bachelor’s in Actuarial Sciences

Tools

IAS19

IFRS17

Axis

Job description

A career as an ALM Director, Pension Plans and Insurance in the Asset-Liability Management (ALM) team at National Bank means acting as an actuarial expert. This job allows you to have a positive impact on our organization, thanks to your skills in actuarial science and mathematics.

Your role :

• Lead the team in the design of asset portfolio risk appetite and target allocation in relation to ALM Pension & Insurance activities;
• Lead liaison with defined-benefit pension and life & health insurance actuaries as well as Risk and Treasury Portfolio managers to identify and determine the impact of various assumptions on reserves, financial statements, and the capital and liquidity footprint as well as to adapt risk appetite and target allocation accordingly;
• Lead modeling of new strategies specific to insurance and product ideations in system and assess their impacts on all metrics (ALM, capital, pricing, reserving, financials);
• Lead the integration of liabilities, capital usage and liquidity metrics specific to insurance;
• Lead recommendations processes to senior management;
• Ensure processes are implemented and transfer knowledge to other team members.

Your team :

Within NBC’s Asset and Liability Management team, you will be part of a team of 10 colleagues and report to the ALM Managing Director and Head. Our team stands out for its cross-functional ALM role for NBC, the quality of its deliveries and its development of specialized expertise, as well as its collaborative and enriching work environment. We make sure that interest rates and affiliated risk from all ALM functions, including pension and insurance, are well identified, assessed and managed.

Each expert leader within the ALM team oversees the activities related to their fields of expertise with the support of the rest of the team, ensuring talents get a wide range of learning opportunities and that we continuously manage resource allocation for optimal delivery.

Your development is at the heart of our priorities and will be fostered through hands-on learning, leadership guidance and collaboration with colleagues who have varied expertise and profiles.

Prerequisites :

• Bachelor’s in Mathematics or Actuarial Sciences;
• Experience in pension and life & health insurance;
• FSA or FCIA, an asset;
• Knowledge of IAS19 and IFRS17;
• Knowledge of Axis, an asset, or any other equivalent;

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.

• Health and wellness program, including many options
• Employee Share Ownership Plan
• Employee and Family Assistance Program
• Preferential banking services
• Opportunities to get involved in community initiatives
• Virtual sleep clinic

These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?

Come live your ambitions with us!

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