Associate Director - Longevity Solutions/R&D

RBC; Mississauga; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading company in the financial sector seeks an Associate Director to develop and implement statistical and machine learning solutions for longevity risk. This role requires extensive actuarial knowledge and collaboration with data scientists to enhance existing models and provide insights on pension de-risking products.

Benefits

Flexible benefits

Career development programs

Investment and retirement savings plans

Flexible work/life balance options

Qualifications

• 6 to 8 years of relevant actuarial/insurance experience.
• Working knowledge of Python (Pandas, NumPy, Matplotlib, SciPy) or R.

Responsibilities

• Support the development of longevity risk models.
• Participate in the review of existing predictive models.
• Contribute to research on longevity risk and mortality improvements.

Skills

Actuarial Modeling

Critical Thinking

Risk Management

Education

Bachelor’s Degree in Actuarial Science

ASA designation

Tools

Python

AXIS

Datalink

Job description

Job Summary

Leads in analyzing, evaluating and creating programs to appropriately address all areas of financial risk. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Job Description

What is the opportunity?

The Associate Director will design, implement and deliver model-driven, statistical or machine learning solutions in collaboration with Data Scientists and Actuaries. You will apply actuarial knowledge and expertise to: develop models used for quantification of mortality and longevity risk, automate and enhance existing processes, derive insights from data, and provide recommendations to RBC Insurance on Pension De-risking Group Annuity & Longevity products. This role will act as an expert consultant in modelling for RBC Longevity Solutions team, designing pension de-risking and longevity solutions as well as building understanding of techniques and technologies in the teams with which they partner.

What will you do?

•Support the development, coding, and implementation of longevity risk models to assess baseline mortality and mortality improvements

•Participate in the review, enhancement and maintenance of existing longevity risk predictive models including application of geospatial/demographic clustering

•Use Axis and Datalink software to properly model and assess the risk

•Ensure extensive model testing to help assess model behavior and risk

•Contribute to research on longevity risk, population mortality, mortality improvements and medical advancements

•Apply actuarial expertise to analyze in-house and external data sources relevant to understanding and predicting mortality experience

•Develop analytical tools to optimize processes for pricing, new business implementation, and experience studies

What will you need to succeed?

Must Have

•Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience

•ASA designation

•6 to 8 years of relevant actuarial/insurance experience

•Working knowledge of Python(Pandas, NumPy, Matplotlib, SciPy) or R

•Intermediate knowledge of AXIS and Datalink

•Strong analytical, modeling, and creative problem-solving skills

•Good written, oral, and presentation skills to be able to liaise with stakeholders

Nice To Have

•Prior exposure to any one of the following: deep-dive analytics, predictive modelling or artificial intelligence is an asset

•Familiarity with data mining, statistical modeling, and machine learning

•Knowledge of Pension Derisking Products

•Experience with SQL, MS Access, and Tableau

•Solid technical and analytical skills with strong problem solving ability

•Ability to work effectively and independently, and as part of a virtual team

What's in it for you?

• A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans

• Competitive pay and high-earning potential

• All the tools, training, and team support you need to grow your career

• Flexible work/life balance options

• RBCI software tools to boost your productivity

RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.

Job Skills

Actuarial Modeling, Actuarial Services, Critical Thinking, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, System Applications

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

MISSISSAUGA

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INSURANCE

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-12

Application Deadline:

2025-05-27

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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