Senior Manager - Insurance Investment Management

About the Position

Work Location:

Toronto, Ontario, Canada

Hours:

37.5 hours per week
Line of Business:
Finance
Pay Details: $115,600 - $163,200 CAD (variable compensation may be awarded based on performance)

The Treasury and Balance Sheet Management (TBSM) function is responsible for managing market and liquidity risks across TD’s domestic and international banking operations. The Insurance Investment Management team oversees the strategy, governance, and reporting of investment portfolios supporting TD’s General Insurance, Life and Health, and Reinsurance businesses, with approximately $9billion.

Senior Manager – Insurance Investment portfolios. The position provides strategic leadership and technical expertise across TD’s insurance investment portfolios, shaping investment strategy, optimizing portfolio construction, strengthening governance, and supporting effective decision‑making across the insurance businesses.

• Provide senior‑level investment thought leadership, contributing to strategic direction, portfolio construction, and long‑term investment initiatives.
• Lead optimization of insurance investment portfolios, assessing risk‑return trade‑offs, capital efficiency, liquidity, and liability characteristics.
• Conduct research on new asset classes and investment strategies, develop approval recommendations, and lead implementation in partnership with internal teams and external managers.
• Oversee investment policy governance, including development, interpretation, and compliance with regulatory requirements, internal risk frameworks, and board‑approved mandates.
• Establish and maintain robust investment processes for new investment products, including governance structures, portfolio guidelines, performance measurement, and reporting frameworks.
• Serve as a key point of contact for stakeholders, clearly communicating investment strategy, performance, and risk considerations to executive management and investment committees.
• Build strong working relationships across actuarial, finance, risk, capital management, and business teams, as well as with external managers and advisors.
• Provide subject‑matter expertise on insurance investment accounting and financial reporting, including review and challenge of investment results, valuation approaches, and disclosures, to support accurate and timely financial reporting.
• Prepare and present high‑quality investment materials and recommendations for business stakeholders and governance forums, ensuring clarity, rigor, and alignment with strategic objectives.

Qualified designation such as FSA/ASA or CFA/PRM/FRM required or near completion. Additional credentials such as FRM and CAIA are considered an asset, particularly in insurance or liability‑driven investing contexts.

• Minimum 10 years of progressive experience in investment management, insurance asset management, or institutional investing.
• Demonstrated experience managing or overseeing multi‑asset class portfolios within an insurance, pension, or asset‑liability management framework.
• Experience working with investment policies, governance frameworks, and board or committee reporting.
• Partner with Finance and Accounting teams to support period‑end reporting, audit processes, and accounting interpretation related to insurance investment portfolios, while maintaining strong governance and control standards.
• Demonstrated ability to communicate complex investment concepts clearly and concisely to diverse audiences, including senior executives, investment committees, boards, and non‑investment stakeholders.
• Experience partnering effectively with stakeholders, including investment managers, business, internal risk and legal teams, and regulators, with the ability to lead discussions, manage differing viewpoints, and drive alignment on investment decisions within a governance‑driven environment.
• Strong communication skills, with experience producing clear, well‑structured investment papers, policy documents, and executive‑level reporting.

Work activities include a blend of highly collaborative activities and individual deliverables. Individuals are expected to be onsite 4 days a week. Colleagues may spend more or less days in office as required by the business line.

Base salary, variable compensation, and key benefits such as health and well‑being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.