Associate Director, Investments Strategy
RBC
Mississauga, Ontario, Canada
17h ago

What is the opportunity?

This role will join RBC Insurance’s Investment team helping to plan portfolio management strategies around assets backing reserves and capital.

This includes oversight and management of investment returns, capital ratio and market related risk exposures. The Investment Strategy team also works closely with insurance’s product owners to support business growth and RBC enterprise objectives.

A successful candidate will need to manage stakeholders in areas of actuarial valuation, financial reporting and capital markets, while staying abreast of regulations, best practices and industry standards related to insurance portfolio management.

What will you do?

  • Support financial reporting of investment income and reserve movement due to market changes
  • Monitor and manage internal risk metrics related to market and investment risk including development of new metrics and reports as needed along with supporting control activities
  • Reviewing, testing and execution (documentation and approval) of new investment strategies developed internally or through collaboration with partners such as RBC Capital markets
  • Identifying optimal asset mixes to support various insurance products
  • Support implementation of IFRS 17 standards with focus on impact to company income and capital affected by asset liability management and discounting of liability cashflows
  • Development and implementation of new systems and tools within Investments to support portfolio management activities
  • What will you need to be succesful?

    Must-have

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience
  • 5+ years of experience within an actuarial or finance role ideally with a focus on asset management or capital markets
  • Strong technical and analytical skills such as excel modeling and / or coding (for example visual basic) including ability to automate tasks and build tools
  • Ability to articulate operational needs related to asset / portfolio management and discounting of insurance obligations
  • Ability to collaborate across different departments or business functions such as Finance and Risk Management, with strong research and writing skills
  • Highly motivated self-starter with agile and creative problem solving ability who can work effectively independently
  • Nice-to-have

  • FCIA designation and at least 5-10 years of hands-on actuarial experience including AXIS or other actuarial modeling techniques
  • Understanding of actuarial standards, insurance business operations, products and relationship to market conditions
  • Comfort with researching and modeling different types of assets or capital markets instruments including derivatives, special purpose vehicles and fair value pricing concepts
  • Understanding of IFRS standards and requirements for discounting of insurance liability cash flows and asset portfolio management
  • Ability to work within larger teams and impact and influence cross functional resources
  • What’s in it for you?

  • A Total Rewards program that includes flexible benefits, work / life balance and career development programs and investment and retirement savings plans
  • Competitive pay and high-earning potential
  • All the tools, training, and team support you need to grow your career
  • Flexible work / life balance options
  • Sophisticated RBCI software tools to boost your productivity
  • City : Mississauga

    Address : 6880 Financial Dr

    Work Hours / Week : 37.5

    Work Environment : Office

    Employment Type : Permanent

    Career Level : Experienced Hire / Professional

    Pay Type : Salaried

    Position Level : PL07

    Required Travel(%) : 0

    Exempt / Non-Exempt : N / A

    People Manager : No

    Application Deadline : 08 / 11 / 2020

    Req ID : 261162

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