Senior Analyst Global ALM

Permanent Full Time 

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The primary purpose of this position is to analyze and maintain an Economic Scenario Generator (ESG) for stochastic pricing, valuation, and capital needs assessment.  The primary deliverables are timely, accurate, compliant, and well-documented stochastic scenarios, on a variety of required bases, as well as development and maintenance of a culture of continuous improvement for model function and project execution. Other responsibilities will include assisting in the Global ALM quarterly reporting process.

This role will also involve the cultivation and maintenance of strong working relationships with a broad array of internal clients located in each of several LifeCo divisions.  Timely project execution will be a core deliverable, and client satisfaction a core metric.

What you will do:

ESG Analysis and Maintenance:

• Recalibrate, validate, analyze and communicate stochastic scenarios (real world and risk-neutral) for multiple economies each quarter
• Work with software vendor and internal staff to maximize ESG performance/power
• Adapt ESG to reflect all existing and emerging external guidelines/restrictions
• Develop/maintain and improve rigorous quality controls
• Develop/maintain clear, comprehensive and concise internal calibration reporting
• Perform other duties as assigned

ESG Project Management: Assist in determination of internal client technical/business needs, and in development of strategies/tactics to meet those needs.  Specific accountabilities:

• Work with prospective/existing clients to explore potential new ESG solutions
• Work with existing clients to set clear expectations on deliverables/deadlines
• Assist with work flow management to execute on deliverables/deadlines
• Solicit and incorporate client feedback on an ongoing basis
• Participate in ad-hoc department projects as needed

Global ALM quarterly reporting process:

• Develop and maintain a quarterly Global ALM dashboard for reporting of key ALM risks, including interest rate, liquidity, currency, inflation and asset mix (diversification) risk 
• Support management of Global ALM in the reconciliation and alignment of ALM risk metrics and reporting, including with the Risk Appetite Framework and reporting done by the Risk function
• Assist with Financial Sensitivity process, collating results and analysis

Qualifications and Competencies:

• University degree majoring in finance, statistics, actuarial mathematics, accounting or a similar discipline.  Progress toward a professional designation (CFA, FRM, ASA, accounting, etc.) an attribute but not essential.
• Proven analytical, problem solving abilities.
• Strong oral and written communication skills.
• Excellent organizational and time management skills with the ability to work within tight deadlines.
• Strong business sense and customer focus.
• Strong mathematical aptitude.
• 2 years related work experience in financial risk management strongly preferred.
• Technical skills including a computer programming skills (VBA, R, Python), and spreadsheets is a plus.

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The base salary for this position is between  $60,000- $100,000 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.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.

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