Work Location:

Montréal, Quebec, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$145,000 - $200,000 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
TDIGI Corporate Actuarial is accountable for the assessment of policy liabilities according to TDI's Risk Appetite Statement using accepted actuarial practice and regulatory requirements in Canada.

The valuation team's responsibilities are to ensure the model underlying the calculation of the technical provisions appropriately address the main risk drivers ensuring the appropriateness of methodologies and assumptions made.

Role Overview
This role plays a key part in the delivery of valuation assumptions and oversees the model output and formulations are accurate and reconciled to source data to derive the financial obligations that is booked in the financial statements. The role also oversees all regulatory reporting required of all legal entities of the general insurance companies from an actuarial perspective. This role has accountability to lead, train, and develop a team of Montreal and Toronto-based Actuarial professionals.

Reporting to the VP & Appointed Actuary.

• Lead and develop a robust pipeline of Actuarial talent.
• Ensure compliance with all Actuarial regulatory guidelines.
• Lead the quarterly valuations to determine reserves as well as ensure Loss Component cashflows are appropriate.
• Booking of month-end reserves and report on the Actual vs Expected.
• Lead the quarterly MCT from a corporate actuarial perspective.
• Lead and direct all legal entities Appointed Actuaries Reports (AAR) and supporting documentation.
• Ensure appropriateness for the methodologies/models and underlying assumptions used in the quarterly valuation process, including trends, Expected Loss Ratio, Loss development etc.
• Keep current with the latest Industry practices and trends and propose solutions/ enhancements to current methods.
• Responsible for quarterly monitoring and modification of key assumptions over time and measuring impacts of changes.
• Lead regulatory reporting and maintaining relationship with regulatory bodies for the Corporate Actuarial function.
• Ensure necessary governance is adhered to, including all reconciliations/standards (SOX, EUC, Model Validation).
• Lead the contract negotiations with external peer review as well as communication with internal/external audit.
• Challenge/negotiate with external auditors on key assumption differences.
• Review and approve key communications such as those provided to the reserve committee as well as articulate key findings and outcomes of the valuation analysis to executives and loss reserve committee members.
• Lead and influence other key functions with latest trends.
• Collaborate with other teams of potential impacts of various initiatives that would affect data such as tiered reserving.
• Key role in establishing department priorities to optimize tasks efficiency and analysis sophistication.
• Position will deal with multiple Senior Insurance and Risk Executives.
• The AVP Corporate Actuarial Reserving will contribute to the success of the Corporate Actuarial Valuation team by providing direction, support, leadership and appropriate hiring and coaching to the team.

Job Requirements

• Fellow of the Canadian Institute of Actuaries.
• Fellow of the Casualty Actuarial Society.
• Minimum 10 years of experience at an insurance company in a variety of roles.
• Strong knowledge of capital management, insurance product pricing, reserving and reinsurance
• Superior communication, facilitation, and consensus-building skills
• Strong problem-solving skills and the ability to proactively identify risks/issues and recommend solutions.
• The ability to challenge status quo and to influence change.
• High degree of organizational awareness and sensitivity - strong ability to manage productive relationships with business partners and stakeholders at various levels.
• Superior multi-tasking skills and the ability to work in a fast-paced, often deadline-oriented, and dynamic environment.
• High degree of personal initiative.
• Ability to operate in an evolving, often ambiguous, environment.
• Proven people management and coaching skills.
• Proven ability to foster a cohesive team and promote a positive, high performing work environment.
• Experience developing and executing on strategies and delivering superior results in both the long term and the short term.
• Strong people leader with demonstrated experience in identifying and growing talent.
• Strong analytic skills, including segment risk analysis, data analysis, and comparative analysis.
• Strong business and financial acumen including IFRS 17

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!

Language Requirement (Quebec only):

Maîtrise d'une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.