Director, Strategic Asset Allocation

The Opportunity: At Equitable, we believe great things happen when we work together. We’re a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If you’re passionate about making a difference and growing your career in an inclusive and collaborative environment, we’d love to hear from you.

Our culture is built on care, passion and curiosity. We put people above all else, strive to be our best and welcome new ideas to deliver positive outcomes.

Join Equitable’s Strategic Asset Allocation team and play a key role in shaping the long-term investment strategy of the General Fund. In this role, you will lead the development, implementation, and communication of strategic asset allocation and portfolio initiatives, integrating investment, liability, capital, liquidity, risk, and financial performance considerations into actionable recommendations. Working closely with leaders across Asset Management, Finance, Actuarial, Risk, Product, and Technology, you will provide executive-ready insights that support financial strength, product competitiveness, capital efficiency, and sustainable growth.

This is a highly visible opportunity to influence strategic decision-making, strengthen asset allocation capabilities, and contribute to the organization’s long-term success.

Join one of the region’s top employers and be part of something that truly makes a difference.

This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

AVP, Portfolio Risks & ALM

Asset Management

Permanent Full-Time

• Lead the development and maintenance of General Fund portfolio strategies that balance financial objectives, risk appetite, regulatory considerations, and long-term business goals
• Develop strategic asset allocation recommendations using quantitative analysis, insurance liability insights, and asset-liability management principles to enhance policyholder value and capital efficiency
• Create and enhance analytical frameworks that support investment decision-making, portfolio monitoring, performance evaluation, and relative value assessments
• Manage quarterly reporting and analysis of IFRS Net Investment Results, providing clear insights on portfolio performance, market developments, and key drivers of results
• Develop and utilize modelling and risk management tools to assess interest rate, equity, credit, liquidity, and other investment risks while supporting asset-liability risk management activities
• Partner with Finance, Actuarial, Product, Risk, and Asset Management teams on strategic initiatives, capital allocation decisions, product development, financial planning, and business strategy
• Act as a trusted advisor to senior leadership and governance committees by delivering executive-ready recommendations, investment analysis, and strategic insights
• Identify, assess, and manage operational risks related to analytical models, data, methodologies, reporting processes, and decision-support frameworks while maintaining strong governance, controls, and documentation practices

• Post-secondary degree in Actuarial Science, Commerce, Economics, Mathematics, Computer Science, Engineering, Finance, or a related quantitative discipline
• FSA/FCIA designation
• Experience in portfolio management, asset-liability management, insurance investment strategy, financial modelling, capital management, risk management, or…