Toronto, Ontario, Canada Employment CAD 65,600 - 98,400 Yearly

Canada Life is hiring a Financial Risk Analyst

About the Role

Canada Life is hiring a Financial Risk Analyst to play a key role in developing and managing our enterprise-wide financial risk framework. You will provide independent advice to senior management and the Board, while supporting oversight of market, credit, and liquidity risks and investment strategies.

What You'll Do

  • Develop market and liquidity risk reports for quarterly risk committees and streamline the reporting process.
  • Apply analytics to generate insights specific to financial risks and global capital markets to help inform investment and risk strategy.
  • Assist with evaluation of hedging strategies and hedge monitoring for Great-West Lifeco’s product offerings.
  • Conduct risk reviews related to current and emerging financial risks, evolving investment and product strategy, proposed acquisitions, and regulatory changes.
  • Monitor business activities and external developments that would materially alter the company's risk profile.
  • Build strong understanding of internal strategies to measure and manage financial risks to effectively challenge and identify opportunities for enhancements.
  • Form strong working relationships with internal stakeholders across our global business.
  • Prepare executive and Board-level material to effectively communicate technical concepts.

What We're Looking For

  • Undergraduate or Graduate degree in actuarial or other quantitative field.
  • Demonstrated progress towards actuarial designation or CFA.
  • Excellent interpersonal and communication skills.
  • Strong organizational skills and attention to detail.
  • Participates effectively in cross-functional and cross-regional teams.
  • Proactive and self-directed with the ability to complete several tasks concurrently.
  • Presents complex technical concepts to a range of audiences.
  • Superior analytical and problem-solving skills.
  • Technically proficient in Microsoft Office suite.

Nice to Have

  • Knowledge of life insurance product offerings, liability cashflow modeling, IFRS 17.
  • Knowledge of market and liquidity risk, investments, LICAT, ORSA, and ALM.
  • Proficiency in one or more of R, Python, or VBA.

Technical Stack

  • Microsoft Office
  • R
  • Python
  • VBA

Team & Environment

You will join the fast-growing and dynamic Financial Risk Management team.

Benefits & Compensation

  • Salary range: $65,600.00 - $98,400.00 annually.
  • Rapidly develop your problem solving, relationship-building and communication skills.
  • Work on challenging and innovative projects in a dynamic, collaborative and fast-growing team.
  • Competitive and comprehensive rewards program including bonuses and flexible benefits.
  • Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.

At Canada Life, we are unified by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our values are to step up, do the right thing, and deliver – for our customers, communities and each other.

Required Skills
RPythonVBAMicrosoft OfficeFinancial Risk AnalysisActuarial ScienceCFAQuantitative AnalysisCommunicationOrganization
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About company
Canada Life

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.

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Job Details
Department Data and Analytics
Category data
Posted 14 days ago