Actuarial Analyst III - Capital
Job in
Toronto, Ontario, M5A, Canada
Listing for:
Meloche Monnex Inc.
Full Time
position
Listed on 2026-02-27
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Actuary, Financial Analyst
Job Description & How to Apply Below
Position: Actuarial Analyst III - Capital (4633)
Description
Reporting to the Manager, Capital, the main responsibilities of the Actuarial Analyst III are:
Economic Capital ("ECAP") Modelling
Maintain, develop, and implement the internal model for calibrating economic capital requirements for the TD Insurance General Insurance ("TDI-GI") legal entities.Ensuring regulatory compliance with OSFI's Guideline E-19:
Own Risk and Solvency Assessment("ORSA").Support TD Reinsurance Barbados ("TDRB") economic capital modelling.Financial Condition Testing ("FCT")
Maintain, develop, and implement TDI-GI FCT model with justification of the base scenario, identification of risks/threats, calibration of adverse scenarios, etc.Ensure compliance with Canadian ASOP and OSFI's Annual Memorandum to the Appointed Actuary.Other Stress Tests
Support the execution of TDBG stress testing program:
Enterprise-Wide Stress Testing ("EWST") and Macro Stress Testing ("MST") by testing the capital/profit impact on TDI-GI under determined stressed scenarios.Ensure compliance with OSFI Guideline E-18.Internal Target
Provide recommendations on the internal target capital ratios for the TDI-GI legal entities based on the ECAP, FCT, and other stress testing analysis.Ensure regulatory compliance with OSFI's Guideline A-4.Reporting
Prepare and maintain results presentation decks and provide solid support and explanation of results.Prepare, validate and on-time delivery of FCT reports.Support and guarantee the on-time delivery of FCT external peer review reports.Review and validate ORSA report.Ensure compliance with OSFI's Guideline E-15.Governance/Miscellaneous
Ensure an adequate level of governance, peer review, and challenge of the modelling process:Challenge from senior executives, working groups, TDI risk committee and risk capital committee on model results and key assumptions.Review and challenge from external peer reviewer.Review and challenge from TDBG Model Validation and Model Risk Management.Challenge from TDI Risk Management and TDI Audit functions.Lead the implementation of best practices, risk mitigation, risk controls as well as processes, policies, and procedures for the group, as well as other miscellaneous activities.Job Requirements
Analytical/technical
Skills:
Stands out for his/her judgment and analytical mind.Has strong problem-solving skills.Skilled at anticipating the results of an analysis or a report.Recognized for his/her thoroughness and the quality of his/her work.Shows initiative, creativity and critical thinking in his/her work.Has work experience with MS Excel (VBA), programming languages (eg. R/Python)Capital modelling experience is an asset.Knowledge of IFRS
17 is an asset.Ability to make good decisions quickly when the situation so requires.Soft Skills:
Ability to communicate effectively in English, both verbally and in writing.Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.Ability to work effectively during periods of stress.Ability to collaborate and build positive relationships with business partners.Autonomous and perseverant.Professional Requirements:
Bachelor's degree in Actuarial science, or other quantitative area of study.Acquired or working towards Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent.Minimum 5 years of Property & Casualty actuarial experience.Additional Information
Bilingualism (Eng./Fre.) is considered a strong asset for this role.
Who We Are:
As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.
TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals.…
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