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

TDI Insurance Risk Management is accountable for the Insurance Risk management ("IRM") program across TDI, relying on key activities and deliverables embedded within the accountabilities of business process, risk and control owners (first line). TDI IRM is also accountable of TDI Models oversight within TD Model Risk Management.

IRM has a mandate to ensure global compliance with the Enterprise IRM Framework and Enterprise Model Risk Management (MRM) Framework while ensuring a shared focus on common ORM objectives. IRM also performs challenge of the Corporate Actuarial unpaid claims liabilities valuation review as well as the Pricing indicated rate changes as part of the Insurance Risk Program activities. This also requires the challenge of various business initiatives from an insurance risk perspective as well as the production of the ORSA report.

Role Overview

This role will contribute in both IRM and MRM functions.

• Contribute to design enhanced insurance risk reporting that leverages risk analytics, analyze and interpret the output, and provide commentary insights to management and risk partners.
• Contribute to the TDI Model Oversight, working in partnership with TDI model owners, TDI Model Control Group and TD Model Risk Management, performing model reviews that are efficient, thorough and well documented. The reviews must bring value to our business partners by raising potential issues in models and model development and by proposing solutions to those issues.

The Actuarial Analyst III will contribute to the success of the Analytics and Model Risk Oversight team by participating in model validation activities and performing risk analytics to generate insights to stakeholders.

Job Description

Analytics and Model Risk Oversight

The Actuarial Analyst III is required to be highly adaptable to changes as the risk management and modeling environments of TDI along business growth are evolving rapidly.

• Reporting to the Senior Manager TD Insurance Analytics and Model Oversight.
• Contribute to the Insurance Risk Analytics oversight for TDI GI, LH and TDRB including but not limited to:
  
  
  • Developing insurance risk analytics and tools to identify risk trends
  • Conduct regular in force reviews of product profitability
  • Design enhanced insurance risk reporting to provide insights to management
  • Contribute to the assumption challenge used by actuarial teams used for business decisions and risk management
• Contribute to Model Oversight program for TDI GI, LH and TDRB, including but not limited to:
  
  
  • Review and challenge the insurance assumptions within model risk documentation
  • Report to TD MRM/MV and support them on the insurance assumptions challenge review and highlight any insurance risks aspects
  • Review TD MRM/MV validation report
  • Ensuring TDI is compliant with the TD Model Risk Policy ("MRP") and Model Risk Policy Framework
• Contribute to building, developing and maintaining effective relationship with our risk partners
• Contribute to the development of TDI colleagues on insurance risk culture (eg. roadshows, lunch & learns etc)
• Effectively communicate risk management practices, methodologies and results of risk assessments to partners of different areas

Job Requirements

• 5+ years of actuarial experience in the general insurance field
• Bachelor degree in Actuarial Sciences or related field
• ACAS working towards his/her Casualty Actuarial Society Fellowship (preferred)
• Excellent knowledge of the Microsoft Office Suite
• Knowledge and interest for programming, notably SQL, VBA and R (preferred)
• Experience in predictive modeling
• Advanced analytical, decision-making and problem solving skills
• Client-focused and aptitude for teamwork with solid organizational and communications skills
• Highly adaptable to change
• Autonomous and perseverant; shows initiative and creativity in their work
• Recognized for their thoroughness and the quality of their work

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. More than four million customers count on us.

As the largest direct to consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada-wide workforce.

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.