Model Validation Specialist

1 week ago

Toronto, Canada Intact Financial Corporation Full time
JOB DESCRIPTION

Our employees are at the heart of what we do best: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you’re bringing this purpose to life alongside a passionate community of experts.

Feel empowered to learn and grow while being valued for who you are– here, diversity is a strength. You have our commitment to support you in reaching your goals with tools, opportunities, and flexibility. It’s our employee promise. 

Our hybrid work model provides the balance between working from home and enjoying meaningful in-person interactions.

Read on to see how you can shape the future, win as a team, and grow with us.

About the role

We’re looking for a Economic Capital Model Validation Specialist to join our growing Corporate Actuarial and Risk Management team

About role

Our team is responsible for developing and supporting the implementation of the risk management framework. We provide independent reviews and challenges to the business, identify, assess, respond, monitor, and report on risks that our company faces. We play an active role in building a competitive advantage by integrating

our risk management framework into our business activities and strategic planning.

Your primary responsibility will be to lead the independent review, validation, and challenge of the Canadian internal economic capital model. This includes structuring and executing internal model validation and testing in line with best practices. This role also entails collaborating with our global organization, specifically with teams in the UK, shaping model validation implementation, and fostering innovation.

Locations : This role is based on University, Toronto or Robert-Bourassa, Montreal office and a two days a week presence in the office is required.

What you’ll do here

Lead the independent validation and vetting of the Canadian internal economic capital model.

Communicatethe results of model validation activities, model limitations, and uncertainties to key stakeholders and management, providing robust challenge to model outcomes.

Conduct periodic reviews to assess the model’s compliance with established policies and procedures.

Act as a primary resource for communicating model oversight framework with regulators and external stakeholders.

Foster innovation, with great opportunity to define how we best conduct benchmarking analysis, backtesting and sensitivity analysis as we continue to validate the internal model.

Provide active support and technical advice to the team, seniormanagement, and key stakeholders.

Assist the team in implementing the Model Risk Management framework.

Beyond an exclusive focus on insurance risk, you will have the opportunity to contribute more widely to managing other risks that impact capital requirements, as the role evolves.

What you bring to the table

Bachelor's degree in math/math finance, statistics, data science, or actuarial sciences.

At least 5 years of relevant experience in modelling.

Experience with economic capital models - an asset.

Experience in model validation, including knowledge of validation testing techniques and technical theory is considered a plus.

Strong analytical skills, knowledge of mathematical techniques and solid planning and execution.

Proactive approach, autonomy, efficiency, and excellent team player.

Experience in coaching of other team members on running and improving team processes, and special projects.

Ability to learn quickly, adapt to change, receptive to feedback and to stay updated with emerging risks.

Sound skills in oral and written communicationsand interpersonal relations with ability to interact with a variety of people at all levels of the organization.

Able to relay complex concepts in ways that other stakeholders will easily understand.

High level of professionalism, integrity, and ethics.

Proficiency in Microsoft Office Suite, VBA, with knowledge of Python, SQL a plus.

For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues across the country.

#LI-hybrid 

What we offer

Working here means you'll be empowered to be and do your best every day. Here is some of what you can expect as a permanent member of our team:

A financial rewards program that recognizes your success

An industry leading Employee Share Purchase Plan; we match 50% of net shares purchased

An extensive flex pension and benefits package, with access to virtual healthcare

Flexible work arrangements

Possibility to purchase up to 5 extra days off per year

An annual wellness account that promotes an active and healthy lifestyle

Access to tools and resources to support physical and mental health, embracing change and connecting with colleagues

A dynamic workplace learning ecosystem complete with learning journeys, interactive online content, and inspiring programs

Inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities

Inspiring leaders and colleagues who will lift you up and help you grow

A Community Impact program, because what you care about is a part of what makes you different. And how you contribute to your community should be just as unique.

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