Risk Management Manager, Reinsurance

Permanent Full Time

The Reinsurance Division of Great-West Lifeco participates in international reinsurance markets, providing Reinsurance solutions to clients across the US, Europe and Asia. We are among the top 10 life reinsurers in the United States by assumed business, and we continue to grow rapidly.

Joining our Reinsurance Risk Management team means stepping into a dynamic and evolving environment where your work directly supports strategic decision‑making across the division. This role, reporting to the Director, Reinsurance Risk Management, offers deep exposure to our global business and a unique opportunity to influence how risks are understood, measured, and managed. You will work closely with teams across the Reinsurance Division as well as partners in the Lifeco Enterprise Risk Function—making this a highly visible role with excellent opportunities for career development, cross-functional learning, and meaningful impact.

What you will do

In this role, you will contribute to core risk oversight activities and help shape the future of our reinsurance business:

• Assess and challenge new reinsurance deals, preparing clear and insightful risk summaries for senior decision makers.
• Develop quarterly CRO reports and other risk materials, including analysis and presentation to the Reinsurance Executive Risk Management Committee.
• Quantify and analyze key risk measures such as Capital at Risk, Earnings at Risk and Liquidity at Risk on a quarterly basis.
• Support the annual risk budget for the Reinsurance Division.
• Participate in deep dive reviews (e.g., tail risk, liquidity stress testing, limit reviews) that directly inform strategic priorities.
• Identify and report on current and emerging risks, drawing from business insights and independent research.
• Help evolve our risk identification, measurement, and reporting processes, contributing to both Reinsurance-led and Lifeco-wide initiatives.
• Provide input on risk mitigation strategies.
• Monitor and report on compliance with the Risk Appetite Framework, risk limits, policies, and operating standards.
• Support timely communication and follow-up for risk limit breaches and associated remediation plans.

What you will bring 

• Fellow of the Society of Actuaries/Canadian Institute of Actuaries (or equivalent)
• Strong analytical and problem-solving skills
• Excellent oral and written communication skills, including the ability to communicate complex analyses into clear insights
• Able to build cross-functional relationships
• Able to work independently and adapt to a changing work environment
• Strong time-management skills and the ability to deliver high quality work under tight deadlines
• Strong attention to detail

The base salary for this position is between $90,400.00 - $140,400.00 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Great-West Lifeco

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. At the end of 2024, our companies had over 32,250 employees, 106,000 advisor relationships, and thousands of distribution partners – serving approximately 40 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

What we offer:  

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member: 

Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement. 

Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. 

Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.  

Financial Security: Company-matching pension plan, share ownership program and additional investment options. 

Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!  

Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.  

Learn more about Great-West Lifeco.  

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies.  

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