Work Location:
Montréal, Quebec, Canada
Hours:
35
Line of Business:
Data & Analytics
Pay Details:
100 000 $/$100,000 - 130 000 $/$130,000 CAD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description:
Department Overview
Ground-breaking projects and careers in TD Actuary
It takes an astute combination of analytical skills, business knowledge and an understanding of human behavior to navigate today's complex risk factors in business 6 and banking. This is the special expertise of the Actuary professional community at TD.
Actuary roles help us strategically plan our future business success and increasingly, to fulfil specialized functions in areas such as pricing, underwriting, insurance, reinsurance and of course, risk management. We value and customers benefit from the tremendous actuarial talent at the Bank and craft these roles with opportunities for personal and professional growth.
Job Description
Reporting to the Manager, Capital, the main responsibilities of the Actuarial Analyst III are:
Economic Capital (4ECAP4) Modelling
- Maintain, develop, and implement the internal model for calibrating economic capital requirements for the TD Insurance General Insurance (4TDI-GI4) legal entities.
- Ensuring regulatory compliance with OSFI's Guideline E-19: Own Risk and Solvency Assessment(4ORSA4).
- Support TD Reinsurance Barbados (4TDRB4) economic capital modelling.
Financial Condition Testing (4FCT4)
- Maintain, develop, and implement TDI-GI FCT model with justification of the base scenario, identification of risks/threats, calibration of adverse scenarios, etc.
- Ensure compliance with Canadian ASOP and OSFI's Annual Memorandum to the Appointed Actuary.
Other Stress Tests
- Support the execution of TDBG stress testing program: Enterprise-Wide Stress Testing (4EWST4) and Macro Stress Testing (4MST4) by testing the capital/profit impact on TDI-GI under determined stressed scenarios.
- Ensure compliance with OSFI Guideline E-18.
Internal Target
- Provide recommendations on the internal target capital ratios for the TDI-GI legal entities based on the ECAP, FCT, and other stress testing analysis.
- Ensure regulatory compliance with OSFI's Guideline A-4.
Reporting
- Prepare and maintain results presentation decks and provide solid support and explanation of results.
- Prepare, validate and on-time delivery of FCT reports.
- Support and guarantee the on-time delivery of FCT external peer review reports.
- Review and validate ORSA report.
- Ensure compliance with OSFI's Guideline E-15.
Governance/Miscellaneous
- Ensure an adequate level of governance, peer review, and challenge of the modelling process:
- Challenge from senior executives, working groups, TDI risk committee and risk capital committee on model results and key assumptions.
- Review and challenge from external peer reviewer.
- Review and challenge from TDBG Model Validation and Model Risk Management.
- Challenge from TDI Risk Management and TDI Audit functions.
- Lead the implementation of best practices, risk mitigation, risk controls as well as processes, policies, and procedures for the group, as well as other miscellaneous activities.
Job Requirements
Analytical/technical Skills:
- Stands out for his/her judgment and analytical mind.
- Has strong problem-solving skills.
- Skilled at anticipating the results of an analysis or a report.
- Recognized for his/her thoroughness and the quality of his/her work.
- Shows initiative, creativity and critical thinking in his/her work.
- Has work experience with MS Excel (VBA), programming languages (eg. R/Python)
- Capital modelling experience is an asset.
- Knowledge of IFRS17 is an asset.
- Ability to make good decisions quickly when the situation so requires.
Soft Skills:
- Ability to communicate effectively in English, both verbally and in writing.
- Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.
- Ability to work effectively during periods of stress.
- Ability to collaborate and build positive relationships with business partners.
- Autonomous and perseverant.
Professional Requirements:
- Bachelor's degree in Actuarial science, or other quantitative area of study.
- Acquired or working towards Associateship with the Casualty Actuarial Society, or Fellowship with Canadian Institute of Actuaries or equivalent.
- 5 years of Property & Casualty actuarial experience is an asset.
- This role is flexible and could potentially be adaptable to a junior or senior analyst role according to the applications received.
Language Requirement (Quebec only):
Matrise dune langue autre que le franais pour offrir du soutien ou traiter avec des employes ou des colle8gues qui ont besoin de services et de soutien dans une langue autre que le franais.
