Director ALM Pension & Insurance

National Bank of Canada; Montreal; On-site; CAD 120,000 - 180,000; Full time

Job summary

Join a leading bank as the Director of ALM Pension & Insurance, where you will leverage your actuarial expertise to lead a dedicated team. This role focuses on managing asset portfolio risk, collaborating with actuaries, and influencing strategic decisions to enhance the bank's financial health. With a commitment to employee development and a supportive work environment, you will play a key role in shaping the future of asset-liability management.

Benefits

Health and wellness program

Flexible group insurance

Generous pension plan

Employee Share Ownership Plan

Employee and Family Assistance Program

Preferential banking services

Opportunities to get involved in community initiatives

Telemedicine service

Virtual sleep clinic

Qualifications

• Experience in pension and life & health insurance.
• Knowledge of IAS19 and IFRS17.
• FSA or FCIA certification is an asset.

Responsibilities

• Lead the team in designing asset portfolio risk appetite.
• Model new strategies specific to insurance and assess impacts.
• Ensure processes are implemented and transfer knowledge.

Skills

Actuarial Science

Mathematics

Leadership

Risk Management

Education

Bachelor’s in Mathematics

Bachelor’s in Actuarial Sciences

FSA or FCIA

Tools

Axis

IFRS17

IAS19

Job description

Join to apply for the Director ALM Pension & Insurance role at National Bank of Canada

6 days ago Be among the first 25 applicants

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:

1. Lead the team in the design of asset portfolio risk appetite and target allocation in relation to ALM Pension & Insurance activities;
2. 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;
3. 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);
4. Lead the integration of liabilities, capital usage and liquidity metrics specific to insurance;
5. Lead recommendations processes to senior management;
6. 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 ensure that interest rates and affiliated risks from all ALM functions, including pension and insurance, are well identified, assessed, and managed.

Each expert leader within the ALM team oversees activities related to their fields of expertise with the support of the rest of the team, providing diverse learning opportunities and ensuring 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 of varied expertise and profiles.

Prerequisites:

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

Your benefits:

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

• Health and wellness program, including many options
• Flexible group insurance
• Generous pension plan
• Employee Share Ownership Plan
• Employee and Family Assistance Program
• Preferential banking services
• Opportunities to get involved in community initiatives
• Telemedicine service
• Virtual sleep clinic

We foster a positive employee experience through dynamic work environments and collaboration tools, with regular feedback and communication.

We're putting people first:

We are a human-scale bank known for courage, entrepreneurial spirit, and passion for people. Our mission is to positively impact lives. We value partnership, agility, empowerment, and inclusivity. We offer accessible, barrier-free workplaces and are committed to accommodating all candidates during the recruitment process.

Come live your ambitions with us!

Seniority level

• Director

Employment type

• Full-time

Job function

• Sales and Business Development

Industries

• Banking