Manager, Financial Risk Methodology

3 weeks ago

Toronto, Canada Canada Life Assurance Company Full time

**Job Description**:
The role is responsible for developing and managing a library of financial risk models and rating scorecards, that enable us to value, and risk manage, our portfolio of assets. The role is responsible for delivering these robust models for use in risk management, ensuring that the models meet the relevant regulatory requirements and are designed to be integrated within the Company’s risk management framework.

**What you will do**

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

- Designing, developing, testing and documenting financial risk models, including credit and interest risk models, to assist in the valuation and risk management of the range of products
- Designing, developing, testing and documenting economic risk measures
- Working with key stakeholders to understand the implications emerging market practice and regulatory requirements on the Company’s ability to evaluate and report its risk positions consistent with recognised rating methodologies
- Preparing executive and Board-level material to effectively communicate technical concepts
- Supporting engagement with our Canadian and local regulators
- Liaising with external and internal model validation teams as required
- Monitoring business activities and external developments that could 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

**What you will bring**
- Relevant professional qualification (e.g. Actuarial, CFA, FRM) an asset
- Minimum five years relevant work experience including in quantitative financial risk model development
- Work experience in credit modelling and/or credit ratings, with an insurance company, rating agency or asset manager an asset
- Strong 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
- Strong programming skills. Experience of developing in Matlab, VBA and R would be a distinct advantage

**What's in it for you?**
- Rapidly develop your problem solving, 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

**_ Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Toronto, London, Winnipeg, Dublin, London (UK)_**

**Be your best at Canada Life

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

***

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

**We are one of Canada's top 100 employers**
- Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations._
- We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee _
- has the opportunity to_
- reach their potential._

**_
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted_**

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