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.

• Reporting to the VP of TDI Risk Management.
• Lead the capital adequacy assessment processes for TDI General Insurance ("GI"), Life & Health ("LH"), and Reinsurance ("TDRB"), including but not limited to:
  • Ownership of the End-to-End Own Risk Solvency Assessment ("ORSA") process.
  • Production of the annual ORSA reports for the Canadian legal entities.
  • Recommendation of the internal target capital ratios for the Canadian legal entities.
  • Embedding ORSA into strategic decision-making.
  • Monitoring and optimizing economic capital at a TDI segment level; and,
  • Ensuring compliance with relevant regulatory guidelines (A-4, E-19).
• Support the stress testing program for the TDI Segment, including but not limited to:
  • Leverage stress testing processes within the business (e.g. FCT, EWST) in the identification and assessment of risks to TDI; and,
  • Ensuring compliance with relevant regulatory guidelines (E-18).
• Lead risk-based Insurance Risk oversight and challenges for TDI GI, LH, TDRB and TD Corporate Insurance including but not limited to:
  • Review experience study methodology/results.
  • Assess catastrophe, non-catastrophe and reinsurance related risks.
  • Build/develop/maintain effective pricing review methodology that will ensure all risks taken are communicated effectively, understood and appropriately mitigated.
  • Develop insurance risk analytics and tools that allow for risk trend and emerging risk identification (e.g. portfolio monitoring reports, claim analytics) to challenge the business' assessment and management of Insurance Risk
  • Develop, in collaboration with our business partners, Key Risk Indicators for Insurance Risk
  • Design enhanced insurance risk reporting that leverages risk analytics, analyze and interpret the output, and provide commentary insights to management, executive stakeholders, and risk partners
  • Documentation and communication of findings to management and executive stakeholders through various risk committees.
• Build/maintain a world-class framework to oversee product development areas in LH, TDRB and GI businesses.
• Develop/articulate TDI's pricing targets/risk appetite and ensure consistency across TD Insurance, and consistency with TDBG targets where appropriate
• Build/develop/maintain effective pricing review methodology that will ensure all risks taken (including operational risks and reputational risks) are communicated effectively, understood and appropriately mitigated
• Maintain and update of risk appetite statement for insurance risk and assist in development of relevant metrics, as needed
• Perform due diligence required to approve product pricing for new products and reviewing pricing of existing products.
• Conduct regular in force reviews of product profitability, leveraging existing product and corporate actuarial areas effectively, as needed
• Lead Insurance Risk oversight for TDI GI, LH and TDRB, including but not limited to:
  • Oversee and document the challenge of the business' assessment and management of Insurance Risk to be within the stated risk appetite across all areas of the business;
  • Developing insurance risk analytics and tools that allow for risk trend identification (e.g. portfolio monitoring reports, claim analytics) to challenge the business' assessment and management of Insurance Risk;
  • Conduct regular in force reviews of product profitability, leveraging existing product and corporate actuarial areas effectively.
  • Develop, in collaboration with our business partners, Key Risk Indicators for Insurance Risk
  • Design enhanced insurance risk reporting that leverages risk analytics, analyze and interpret the output, and provide commentary insights to management, executive stakeholders, and risk partners.
• Represent TD Insurance in relevant industry committees related to risk management. Monitor and influence industry developments.
• Participate in bank committees/working groups relating to risk/capital
• Support other TDI Risk Management group as subject matter experts in Insurance, Model, and Capital Adequacy Risk:
  • Support the Risk Governance group in the design and maintenance of risk frameworks, risk policies, and risk committees.
  • Support the Risk Programs group within various enterprise risk programs including but not limited to , pRCSA, Risk Events, Top and Emerging Risks, and NBPA.
  • Support the Risk Reporting group in the design and maintenance of TDI's risk appetite statements (RAS), RAS metrics and assessment indicators, key risk indicators, risk dashboards, other various risk reports, and financial statement disclosures.
• Educate TDBG/TDI management on insurance risk (eg. roadshows, lunch & learns etc)
• Effectively communicate risk management practices and methodologies and results of risk assessments to Senior Executives in a supportive and collaborative manner and influence risk based remediation.
• Create and implement a risk based methodology to support appropriate risk assessment coverage across Business Application Risk Assessments and corresponding control evaluations associated with the TD Insurance Risk Framework.
• Oversee execution and/or provide 2nd line challenge of activities required to support the ORM Framework, including but not limited to:
  • TDI risks linked to business strategic and process RCSA (pRCSA)
  • Evaluating requirements to conduct pRCSA for high risk. processes within TDI departments
• Position will deal with multiple Senior Insurance and Risk Executives
• This is a seasoned Risk and Insurance professional with 10+ years experience.

• Fellow of the Canadian Institute of Actuaries
• Fellow of the Casualty Actuarial Society OR the Society of Actuaries
• 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
• Experience in risk management an asset
• 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