Actuarial Analyst III - Capital (4633)
Description
This role involves maintaining, developing, and implementing models for economic capital requirements and financial condition testing for TD Insurance General Insurance (TDI-GI) legal entities. It also supports stress testing programs and provides recommendations on internal target capital ratios. The analyst will prepare and validate various reports, ensure regulatory compliance, and contribute to governance and best practices within the actuarial team at TD.
What We're Looking For
Maintain, develop, and implement the internal model for calibrating economic capital requirements for TDI-GI legal entities.
Ensure regulatory compliance with OSFI's Guideline E-19: Own Risk and Solvency Assessment ("ORSA").
Support TD Reinsurance Barbados ("TDRB") economic capital modelling.
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.
Support the execution of TDBG stress testing program (EWST and MST) by testing the capital/profit impact on TDI-GI under determined stressed scenarios.
Ensure compliance with OSFI Guideline E-18.
Provide recommendations on the internal target capital ratios for TDI-GI legal entities.
Ensure regulatory compliance with OSFI's Guideline A-4.
Prepare and maintain results presentation decks and provide solid support and explanation of results.
Prepare, validate, and ensure on-time delivery of FCT reports and FCT external peer review reports.
Review and validate ORSA report, ensuring compliance with OSFI's Guideline E-15.
Ensure adequate governance, peer review, and challenge of the modelling process.
Lead the implementation of best practices, risk mitigation, risk controls, processes, policies, and procedures.
Ideal Candidate
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.
Ability to make good decisions quickly when the situation so requires.
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.
Minimum Education
Bachelor's Degree
Hard Skills
Soft Skills
Work Hours
35 hours/week
Benefits
Special Commitments
Bilingualism (English/French) is a strong asset.
About the Company
The Toronto-Dominion Bank
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group, one of the largest banks in North America. TD provides a wide range of personal, commercial, and investment banking products and services to over 27 million customers globally. Headquartered in Toronto, Canada, the bank operates through key segments including Canadian Retail, U.S. Retail, and Wholesale Banking.
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