Financial Risk Analyst (Temporary Full-Time Contract)

Canada Life

$65K — $98K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate or Graduate degree in actuarial or quantitative field; progress towards actuarial designation or CFA
  • Knowledge of life insurance products, liability cashflow modeling, IFRS 17
  • Excellent interpersonal and communication skills
  • Strong organizational skills and attention to detail
  • Proactive, self-directed with multitasking ability
  • Superior analytical and problem-solving skills
  • Familiarity with market and liquidity risk, investments, LICAT, ORSA, and ALM is a plus

Responsibilities

  • Develop market and liquidity risk reports for quarterly committees and streamline reporting processes
  • Apply analytics for financial risks and global capital markets insights to inform investment strategies
  • Assist in evaluating hedging strategies and monitor hedges for product offerings
  • Conduct risk reviews related to financial risks and investment strategies, acquisitions, and regulatory changes
  • Monitor activities and external developments affecting the company's risk profile
  • Build understanding of internal strategies for measuring and managing financial risks
  • Prepare executive materials to communicate technical concepts effectively

Benefits

  • Rapid development of problem-solving, relationship-building, and communication skills
  • Involvement in challenging and innovative projects within a dynamic team
  • Competitive and comprehensive rewards program including bonuses and flexible benefits
  • Potential to convert to a permanent position based on performance
Full Job Description
Temporary Full Time

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role.

What you will do:

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

  • Developing market and liquidity risk reports for quarterly risk committees and streamlining the reporting process
  • Applying analytics to generate insights specific to financial risks and global capital markets and to help inform investment and risk strategy
  • Assisting with evaluation of hedging strategies and hedge monitoring for Great-West Lifeco's product offerings
  • Conducting risk reviews related to current and emerging financial risks, evolving investment and product strategy, proposed acquisitions, and regulatory changes
  • Monitoring business activities and external developments that would 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
  • Preparing executive and Board-level material to effectively communicate technical concepts.


What you will bring:
  • Undergraduate or Graduate degree in actuarial or other quantitative field and demonstrated progress towards actuarial designation or CFA
  • Knowledge of life insurance product offerings, liability cashflow modeling, IFRS 17
  • Excellent interpersonal and communication skills
  • Strong organizational skills and attention to detail
  • Participates effectively in cross-functional and cross-regional teams
  • Proactive and self-directed with the ability to complete several tasks concurrently
  • Presents complex technical concepts to a range of audiences
  • Superior analytical and problem-solving skills
  • Knowledge of market and liquidity risk, investments, LICAT, ORSA, and ALM an asset
  • Technically proficient in Microsoft Office suite
  • Proficiency in one or more of R, Python, or VBA is an asset


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
  • Intent is to convert role to a permanent position conditional on strong performance in the initial contract period.

The base salary for this position is between $65,600.00 - $98,400.00 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Requisition ID: 6882

Category: Corporate Functions

Location:

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