AVP, Actuary Risk Management
Job in
Toronto, Ontario, M5A, Canada
Listing for:
SCOR
Full Time
position
Listed on 2026-01-02
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Corporate Finance, Financial Analyst
Job Description & How to Apply Below
The AVP Risk Manager is responsible for capital analysis, related capital projections, and affiliate retrocession analysis. You will lead and participate in quantitative and qualitative risk analyses including assessment of scenarios, emerging risks and business initiatives at local, P&C or Group level.
In this role you will work with the CRO and team to ensure that risk management activities are appropriately interlinked with relevant business and decision-making processes to further spread the risk culture across the organization and to foster the understanding and optimization of the risk return profile, ensuring the applicable legal and regulatory requirements are met in a timely manner.
The requirements of this position may evolve over time according to SCOR’s circumstances.
Risk management framework and analysis
Manage and enhance risk measurement models inclusive of reporting in coordination with local, P&C and Group stakeholders.Compute and review capital requirements; manage associated models and develop new ones where necessary.Drive coordination with Group modeling teams to calculate and report legal entities’ economic capital.Lead the performance and documentation of ORSA processes. Manage related risk analyses including capital adequacy testing, scenario/ stress testing and qualitative assessments.Validate local entity internal model inputs and outputs for the group model.Coordinate analysis and pricing of affiliate retrocession agreements.Identify, assess and monitor emerging risks and trends.Lead or contribute to risk analyses to meet ad-hoc local or group-wide needs.Represent Americas entities in the development of extreme deterministic scenarios in coordination with Group Risk Management teams and transverse functions.Reporting and governance
Manage and enhance monitoring tools and establish key risk indicators in coordination with Group.Prepare and review materials for internal risk / solvency reporting to management and board.Contribute to external risk/solvency reporting and communication to auditors, regulators, and supervisory authorities.Document adherence to internal policies and regulatory requirements.Alignment with Business stakeholders
Drive coordination with business areas/risk owners in the development of key risk indicators to identify and evaluate business areas' risks.Ensure alignment of processes and reporting with Group requirements
Desired Experience & Competencies
Experience:
More than ten years of work experience with increasing levels of accountability in the Property & Casualty (P&C) industry, ideally within P&C commercial (re) insurance. Experience with actuarial and financial risk modeling, including both regulatory capital formulas (RBC / MCT / BAT) and internal economic modeling frameworks is advantageous. Exposure to integration of new tools and methods including AI into risk management practices is a plus.
Personal Competencies and
Skills:
Strong analytical and statistical capabilities with ability to critically assess assumptions and risks underlying business plans/transactions. Experience with model development is a plus.Knowledge of P&C (re) insurance business and ability to apply sound business and financial judgment to model output and business plans/transactions.Strong written and verbal communication skills; concise and accurate in communicating with stakeholders.Ability to apply skills/work in a variety of ad hoc situations, proactively proposing and balancing a range of solutions. Ability to take the lead in cross-functional projects.Ability to deliver results for review in a timely manner, being proactive in managing deadlines including management of dependencies on others, with strong sense of accountability and high quality of outputs presented for review.Build strong relationships within risk management and other functions, locally and across the Group and the P&C business unit.Strong understanding and awareness of legal and regulatory compliance requirements.Required Education
BS or higher in Mathematics, Actuarial Science, Economics or related field.Fellow of the Society of Actuaires or other equivalent institutionPay Range for roles…
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