compensation manager
Title posted on CareerBeacon -
Actuarial Manager
Posted on
June 20, 2024
by
Employer details
TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:35Line of Business:Data & AnalyticsPay Details:We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.Job Description:Department OverviewTDI Insurance Risk Management (IRM) is accountable for the IRM program across TDI, relying on key activities and deliverables embedded within the accountabilities of business process, risk and control owners (first line). They are also accountable for ensuring alignment of IRM with TDI business priorities, capacity, and expertise to ensure a shared focus on common IRM objectives.TDI IRM is accountable for the alignment of TDI with TD's Insurance Risk Policy. This is performed by challenging the Corporate Actuarial reserves as well as the Pricing analyses. This also requires the challenge of various business initiatives from an insurance risk perspective, the production of reports and dashboards to be presented to different risk committees as well as the production of the ORSA report. TDI Insurance Risk Management aims to perform challenges that are efficient, thorough and well documented.Job DescriptionThe Manager, Insurance risk contributes to the success of the TDI Insurance Risk Management team acting as the Insurance Risk SME for the Change Management Review process, participating in the review and challenge of the corporate actuarial valuation, the review of the pricing analyses, the reinsurance strategy and in the development of insurance risk analytics and tools and leading the production of the GI ORSA report review,Reporting directly to the Senior Manager Insurance Risk;Lead the strategy and execution of the actuarial challenge program for TDI General Insurance (GI) including but not limited to:Independent annual review of the GI Corporate Actuarial valuationIndependent annual review of the GI Rate indication analysesReviews of the methodologies and assumptions underlying the actuarial estimation processesIndependent oversight of reinsurance treaty renewals and strategyDocumentation and communication of findings and recommendations to management and executive stakeholdersDelivering a program that operates in partnership with the business to add value and enable timely risk taking.Act as the Insurance Risk SME for the Change Management Review process performing the challenges of TDI GI initiatives affecting the premiums, claims, reserving, reinsurance, product and business planSupport the execution of the capital adequacy assessment processes for GI, including but not limited to:Ownership of the end-to-end Own Risk Solvency Assessment ("ORSA") process, including the production of the GI ORSA Report, the assessment of risks and recommended internal capital targetsParticipate in the challenge of the business' assessment and management of Insurance Risk to be within the stated risk appetite across all areas of the businessProvide actuarial subject matter expertise in challenging the identification of insurance risk through various risk management programsCollaborate on the development of new policies and provides support and quality review of existing policiesActively manage good business relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirementsKeep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impactsMaintain a culture of risk management and controls supported by effective processes in alignment with risk appetiteSupports the development, maintenance, enhancements and reporting of Key Risk Indicators for Insurance Risk in collaboration with our business partnersParticipate in the development of risk analytics and tools that allow for risk trend identification to challenge the business' assessment and
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LocationMontréal, QC
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SalaryNot available
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Terms of employment
Full time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2083100
Advertised until
2024-07-19
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