Director & Actuary - Risk Management and Insurance

4 days ago

Toronto, Canada Scotiabank Full time

Requisition ID: 211534

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Director and Actuary is part of the Risk Oversight Reporting team in Enterprise Risk Management reporting to the VP, Risk Oversight Reporting to manage insurable and insurance risks at the enterprise level.

**Is this role right for you? In this role, you will**:
Oversee and manage the Global Insurance Program and self-insurance program through three transits ($13 million budget annually), including the renewal/procurement process, review of insurance binders, policies, and endorsements upon renewal to ensure accuracy, completeness, and consistency, and partnership with E.O. Finance to set up provisions for actuarial liabilities, accrual/deferral, and business line allocation.
- Ensure compliance with governing regulations and internal policies and procedures.
- Manage third-party risk by providing guidance and recommendations with the review of insurance schedules in vendor/supplier agreements, leases, and other documents as required
- Provide annual reports to key stakeholders, subsidiaries, board members, and regulatory authorities of the Global Insurance Program
- Prepare related party transactions reporting for regulatory compliance.
- Oversee the Bank’s insurance business stress testing and provide advice and counsel on insurance risk-related items to insurance subsidiaries
- Continuously lead the strategy to identify optimal risk transfer solutions and/or integration into the Global Insurance Program
- Develop and maintain the Bank’s Insurance Risk Appetite Metrics, Insurance Risk Management Policy, and relevant guidelines; ensure the implementation of such metrics, policies and guidelines across all insurance and reinsurance subsidiaries.
- Active voting member and Co-Chair of the Insurance Risk Committee.
- Champions a high-performance environment and contributes to an inclusive work environment
- Participates in other enterprise risk activities as required

**Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have experience with**:

- Fellow of the Society of Actuaries (FSA)/Fellow of the Casualty Actuarial Society (FCAS) + minimum 7 years of relevant financial/insurance risk management experience Or Associate of the Society of Actuaries (ASA)/Associate of the Casualty Actuarial Society (ACAS) + minimum 12 years of relevant financial/insurance risk management experience
- A university degree in Mathematical/Statistics/Finance is required
- Strong understanding of the reinsurance captive operation
- Superior communication skills and ability to write clearly and concisely
- Strong analytical and critical thinking skills with ability to problem-solve and execute multiple projects at any given time
- Superior interpersonal skills to work effectively with multiple internal stakeholders and management at various levels

**What's in it for you?**
- The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers
- A rewarding career path with diverse opportunities for professional development
- Internal training to support your growth and enhance your skills
- An inclusive working environment that encourages creativity, curiosity, and celebrates success
- Work in an Ecosystem; a bright, modern space where you’ll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, a bistro, and more
- Hybrid Work Environment

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

  • Actuarial Specialist

    2 weeks ago

    Toronto, Canada Trisura Guarantee Insurance Company Full time

    At Trisura, we expect more because we believe it can be done better. We are a young, growth oriented team with a commitment to exceptional talent and have been named one of Canada’s Top Small and Medium Employers since 2017. Our growth and our entrepreneurial style, niche market position and development opportunities ensure that our people see the results...

  • Insurance Actuary Director

    6 days ago

    Old Toronto, Canada Brookfield Full time

    Job OverviewBrookfield Wealth Solutions is a leading provider of retirement services, wealth protection products, and tailored capital solutions. Our mission is to secure the financial futures of individuals and institutions through innovative insurance products and services.About the RoleThe Director, Corporate Actuarial will be a key contributor to our...

  • Actuarial Director

    16 hours ago

    Toronto, Ontario, Canada Bank of Montreal Full time

    Job Overview:The Director & Pricing Actuary will be part of the BMO Life Assurance (BMOLA) Life Insurance Pricing Team, responsible for managing the pricing and profitability of Universal Life, Term, and CI insurance products.Key Responsibilities:Pricing individual UL, Term, and CI insurance products in line with BMOLA's Product Design and Pricing...

  • Insurance Risk Actuary Manager

    4 weeks ago

    Old Toronto, Canada Pacific Life Re Full time

    Job TitleInsurance Risk Actuary ManagerJob DescriptionPacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented actuary to join our Enterprise Insurance Risk Management team in Toronto, ON. This role is on-site, hybrid...

  • Director, Corporate Actuarial

    7 days ago

    Toronto, Canada Brookfield Asset Management Full time

    LocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of...

  • Director, Corporate Actuarial

    7 days ago

    Toronto, Canada Brookfield Asset Management Full time

    LocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of...

  • Director, Corporate Actuarial

    7 days ago

    Toronto, Canada Brookfield Asset Management Full time

    LocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of...

  • Director, Corporate Actuarial

    4 days ago

    Toronto, Canada Brookfield Asset Management Full time

    LocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of...

  • Actuarial Specialist

    10 hours ago

    Toronto, Canada Parker Poe Full time

    Friday, February 14, 2025 At Trisura, we expect more because we believe it can be done better. We are a young, growth-oriented team with a commitment to exceptional talent and have been named one of Canada’s Top Small and Medium Employers since 2017. Our growth and our entrepreneurial style, niche market position, and development opportunities ensure...

  • Director of Risk Management

    4 days ago

    Toronto, Ontario, Canada Aon Full time

    We are seeking a highly motivated and experienced Director of Risk Management to join our team at Aon.As a director, you will be responsible for leading our risk management team in providing expert services to clients across Canada and the Caribbean.You will collaborate with other actuaries to deliver high-quality pricing and capital modeling solutions to...

  • Actuarial Analyst Ii, Insurance Risk Management

    4 weeks ago

    Toronto, Canada TD Bank Full time

    **Work Location**: Toronto, Ontario, Canada **Hours**: 35 **Line of Business**: Data & Analytics **Pay Details**: 62 900 $/$62,900 - 94 300 $/$94,300 CAD This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more...

  • Director, Corporate Actuarial

    1 week ago

    Toronto, ON, Canada Brookfield Asset Management Full time

    LocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of...

  • Director, Corporate Actuarial | Toronto, CA

    3 weeks ago

    Old Toronto, Canada Brookfield Asset Management Full time

    Director, Corporate ActuarialBrookfield Asset Management Toronto, CanadaLocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (BWS; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital...

  • Director, Corporate Actuarial | Toronto, CA

    3 weeks ago

    Old Toronto, Canada Brookfield Asset Management Full time

    Director, Corporate ActuarialBrookfield Asset Management Toronto, CanadaLocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions (BWS; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital...

  • Managing Director, Actuarial Services

    4 days ago

    Toronto, Canada RSM Full time

    We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients....

  • ▷ 15h Left! Senior Actuarial Advisor, Insurance Risk Monitoring

    7 days ago

    Lévis, Montreal, Mississauga, Toronto, Aurora, Canada Desjardins Group Full time

    Senior Actuarial Advisor, Insurance Risk Monitoring Senior Actuarial Advisor, Insurance Risk Monitoring Apply remote type The work arrangement for the position is hybrid work locations Lévis 3 Robert Speck Parkway Mississauga 95 St-Clair Avenue West Toronto Montréal 333 First Commerce Dr. Aurora time type Full time posted on Posted 3 Days Ago job...

  • Risk-actuarial - Assistant Vice President, Risk

    2 weeks ago

    Toronto, Canada Trisura Guarantee Insurance Company Full time

    At Trisura, we expect more because we believe it can be done better. We are a young, growth oriented team with a commitment to exceptional talent and have been named one of Canada’s Top Small and Medium Employers since 2017. Our growth and our entrepreneurial style, niche market position and development opportunities ensure that our people see the results...

  • Senior Manager Insurance Development, Actuarial Services

    15 hours ago

    Toronto, Canada Scotiabank Full time

    Title: Senior Manager Insurance Development, Actuarial Services Requisition ID: 217516 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose: Contributes to the overall success of the International Banking Insurance team in Canada, ensuring plans and initiatives are executed in support of the...

  • Director, Corporate Actuarial | Toronto, CA

    4 weeks ago

    Old Toronto, Canada Brookfield Asset Management, Inc Full time

    Director, Corporate ActuarialBrookfield Asset Management, IncToronto, CanadaLocation:Brookfield Place - 181 Bay StreetBusiness: Wealth SolutionsBrookfield Wealth Solutions (BWS; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products, and tailored capital...

  • Director, Corporate Actuarial | Toronto, CA

    4 weeks ago

    Old Toronto, Canada Brookfield Asset Management, Inc Full time

    Director, Corporate ActuarialBrookfield Asset Management, IncToronto, CanadaLocation:Brookfield Place - 181 Bay StreetBusiness: Wealth SolutionsBrookfield Wealth Solutions (BWS; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products, and tailored capital...