Manager Actuarial, Insurance Risk Management
Job in
Toronto, Ontario, M5A, Canada
Listing for:
TD
Full Time
position
Listed on 2026-02-17
Job specializations:
-
Insurance
Risk Manager/Analyst, Actuary, Insurance Risk / Loss Control, Insurance Analyst
-
Finance & Banking
Risk Manager/Analyst, Actuary
Job Description & How to Apply Below
Position: Manager Actuarial, Insurance Risk Management (4489)
Description
The Manager, Insurance risk, Life & Health ("LH") contributes to the success of the TDI Insurance Risk Management team by leading the independent review of the corporate actuarial valuation and pricing analyses, leading the production of the LH ORSA report and providing second line oversight on Change Assessment (CA). The Manager also oversees the development of insurance risk analytics and tools and leading risk indicators.
Reporting directly to the Senior Manager, Insurance
Risk Management:
Key Responsibilities
Lead the strategy and execution of the risk-based actuarial challenge program for TDI LH and TD Reinsurance Barbados ("TDRB") including but not limited to:
Independent annual review of the LH Corporate Actuarial valuation
Independent annual review of the LH Pricing analyses
Reviews of the methodologies and assumptions underlying the actuarial estimation processes
Independent oversight of reinsurance treaty renewals and amendments
Documentation and communication of findings and recommendations to management and executive stakeholders
Delivering a program that operates in partnership with the business to add value and enable timely risk takingSupport the execution of capital adequacy assessment processes for LH and TDRB, including but not limited to:
Ownership of the end-to-end Own Risk Solvency Assessment ("ORSA") process, including the production of the LH ORSA Report, the assessment of risks and recommended internal capital targets
Oversight on TDRB capital management framework and Solvency II capital ratios
Ensuring compliance with relevant regulatory guidelinesSupport the Model Oversight program for TDI LH and TDRB, including but not limited to:
Review and challenge the insurance assumptions within model risk documentation;
Report to TD Model Risk Management/Model Validation (TD MRM/MV) on the insurance assumptions challenge review and highlight any insurance risks aspects;
Support TD MRM/MV throughout the validation process;
Review of TD MRM/MV validation report;
Ensures TDI is compliant with the TD Model Risk Policy and Model Risk Policy FrameworkResponsible for the Insurance risk and Model risk oversight for the Change Assessment process (CA) performing the challenges of TDI LH initiatives affecting the premiums, claims, reserving, reinsurance, product and business planCollaborate on the development of new policies and provide support and quality review of existing policiesLead the development of risk analytics and tools that allow for risk trend identification to challenge the business' assessment and management of Insurance RiskDesign enhanced insurance risk reporting that leverages risk analytics, analyze and interpret the output, and provide commentary insights to management, executive stakeholders, and risk partners.Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.Provide life & health actuarial subject matter expertise in challenging the identification of insurance risk through various risk management programsActively manage good business relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirementsKeep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impactsMaintain a culture of risk management and controls supported by effective processes in alignment with risk appetiteJob Requirements
Minimum of 7 years of actuarial experience in the life and health insurance fieldFellowship with the Society of Actuaries and Canadian Institute of Actuaries or equivalentDiversified actuarial experience at an insurance company in risk management, pricing, reserving, or reinsuranceExcellent communication and presentation skillsSkill in mentoring/coaching othersExperience with Moody’s AXIS is considered an assetAbility to operate in an evolving, often ambiguous, environmentStrong problem-solving skills and the ability to proactively identify risks/issues and recommend solutionsRecognized for their thoroughness and the quality in their workSelf-motivat…
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