Senior Actuarial Consultant, Model Validation

iA Financial Group; Quebec; On-site; CAD 90,000 - 130,000; Full time

Job summary

iA Financial Group seeks a Senior Actuarial Consultant for its Risk Management and Compliance Group in Quebec City, Montreal, or Toronto. In this role, you'll review and validate critical models, ensuring they meet regulatory standards and business needs. Ideal candidates will possess advanced degrees in relevant fields, extensive modeling experience, and a strong background in actuarial science or quantitative disciplines. Join a company dedicated to innovation and diversity, supporting over 4 million clients across North America.

Qualifications

• Minimum 8 years' experience in advanced modeling, including 3 years in model validation.
• Actuarial designation preferred; CFA, FRM, CERA are assets.
• Solid knowledge of financial/actuarial applications and relevant programming languages.

Responsibilities

• Review and validate model conceptual soundness and design testing exercises.
• Ensure models meet business needs and comply with regulations.
• Produce validation reports and communicate results to stakeholders.

Skills

Model Validation

Advanced Modeling

Analytical Skills

Report Writing

Problem Solving

Education

PhD or Master's in Actuarial Science, Mathematics, Statistics, or related field

Tools

Mathematical Software

Spreadsheets

Databases

Job description

Job Description

Actuary / Quebec City / Montreal / Toronto

The Senior Actuarial Consultant, Model Validation will be responsible for independently reviewing and challenging the suitability of models deemed critical to the organization. He/She will be a key participant in the development, implementation and maintenance of the company's model risk governance framework. The Senior Actuarial Consultant will report to the Director, Risk Analytics and Model Validation and will be part of the Risk Management and Compliance Group.

Main responsibilities:

• Review, verify and validate model conceptual soundness, design testing exercises and model limits.
• Ensure that the model meets business needs and is fit for purpose, while complying with regulatory and internal requirements.
• Examine the performance and optimal use of the model.
• Develop tools to compare and reproduce model results for validation purposes.
• Ensure that changes in markets, products, exposures, activities, customers or business practices do not create new or emerging model risks.
• Produce a validation report including results and recommendations for each model validated.
• Communicate model validation results to key stakeholders and senior management.
• Follow-up on remediation plans and ensure that recommendations are closed according to established deadlines.
• Contribute to the planning of periodic model validation.
• Participate in the development and maintenance of a model inventory and model risk assessment.
• Communicate standardized model risk management practices within the company.
• Develop and maintain validation procedures.
• Participate in the independent review of ESCAP and TCM reports from the various Group entities.

Profile required:

• Minimum of 8 years' relevant experience in advanced modeling, including a minimum of 3 years in model validation.
• Advanced degree (PhD or Master's) in actuarial science, mathematics, statistics, computer science, financial engineering or other quantitative field.
• Actuarial designation is preferred and CFA, FRM and CERA designations would be considered assets.
• Solid knowledge of spreadsheets, databases, mathematical software and/or related financial/actuarial applications and programming languages.
• Ability to learn new platforms quickly, including new and different models undergoing validation, including reproducing complex calculations from first principles.
• Ability to research and analyze problems, synthesize technical information and communicate complex results through written reports and interactions with model owners.
• Self-motivation, discipline, focus on tasks at hand; ability to structure and present high quality work within short deadlines.
• Good understanding of products offered in the life and general insurance sector.
• Good understanding of regulatory expectations for model risk management within financial institutions.
• Advanced level of English language skills as the person will be required to attend and lead meetings, write reports, make analyses and presentations with English-speaking internal partners, on a weekly basis.

Location(s) Québec, Québec Other Possible Location(s) Montreal, Quebec, Toronto, Ontario, Vancouver, British Columbia
Company

iA Financial Group

Posting End Date 2025-06-27 Company Overview

iA Financial Group* is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.

With over $200 billion in assets and half a billion invested in technological innovation, we’re a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it’s by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.

At iA, we’re invested in you.

* iA Financial group includes the following entities: iA Services financiers, iA assurance auto et habitation, iA Gestion privée de patrimoine, PPI Management, Investia, iA Gestion de placements, Prysm, iA Clarington, Michel Rhéaume et associés, Garanties Nationales, WGI Manufacturing, WGI Service Plan Division, Lubrico, iA Financement auto Our Commitment to Diversity and Inclusion

At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.

Please note that if you need help or assistance to make the recruitment process more accessible for you, please Contact us here . Someone from our team will be happy to assist you with your needs.