Associate Director, Data Analytics

Job title:

Associate Director, Data Analytics

Company

Royal Bank of Canada

Job description

Job Summary The Data Analytics team aims to transform data into information and insights by applying analytical techniques that enable the Company to better understand its risk exposure, emerging trends and the drivers of insurance portfolio results, to make better strategic decisions that improve both shareholder and policyholder value.This role is ideal for someone with an innovative mindset who thrives in a team environment, possesses excellent technical and communication skills, and is passionate about applying advanced analytical and AI tools to solve actuarial business problems. This position offers the opportunity to leverage interpersonal and influencing skills to work effectively across all levels of the organization, driving results and making a meaningful impact on our business.Job DescriptionWhat is the opportunity?We are seeking a highly collaborative and analytical Associate Director to join the Data Analytics team. The Data Analytics team aims to transform data into information and insights by applying analytical techniques that enable the Company to better understand its risk exposure, emerging trends and the drivers of insurance portfolio results, to make better strategic decisions that improve both shareholder and policyholder value.This role is ideal for someone with an innovative mindset who thrives in a team environment, possesses excellent technical and communication skills, and is passionate about applying advanced analytical and AI tools to solve actuarial business problems. This position offers the opportunity to leverage interpersonal and influencing skills to work effectively across all levels of the organization, driving results and making a meaningful impact on our business.What will you do?

• Support the development and application of advanced analytical techniques to solve actuarial challenges and business requests with inputs from stakeholders
• Utilize statistical modeling, predictive analytics, and other analytical tools to improve risk assessment
• Streamline valuation procedures and drive automation, developing advanced methodologies to improve the efficiency and accuracy of the reserving process.
• Collaborate closely with experience study authors to provide actionable insights and recommendations based on data analysis.
• Enhance overall data governance by optimizing data collection, validation and storage processes to ensure data quality, accuracy and integrity
• Collaborate with senior actuaries to prepare reports, presentations, and other materials for internal and external stakeholders.
• Lead and support the development of the junior actuarial team members.

What will you need to succeed?Must Have:

• Bachelor’s Degree (or greater) in Actuarial Science, Mathematics, Statistics or a relevant field
• FSA or FCIA with a minimum 7 years of actuarial work experience with valuation, financial reporting, and/or analytics background, with a broad knowledge of insurance products, features, and risks
• Excellent analytical and problem-solving skills, with attention to detail and ability to work with complex data sets
• Proficiency in actuarial software and tools, such as GGY AXIS, and programming languages (e.g. R, Python)
• Strong people management and leadership skills.

Nice To Have:

• Experience with BI tools, Tableau
• Experience with IFRS17 Standards
• Excellent communication and interpersonal skills, with ability to work collaboratively in a team environment

What’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program.
• Leaders who support your development through training and coaching.
• Work with a dynamic, collaborative team with ability to make a difference.

Job Skills Actionable Insights, Actuarial Modeling, Actuarial Services, Analytical Thinking, Critical Thinking, Data Analytics, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Problem Solving, Risk Analysis Management, Risk Management, System ApplicationsAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MISSISSAUGACountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-02-24Application Deadline: 2025-03-08Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Mississauga, ON

Job date

Tue, 25 Feb 2025 23:34:32 GMT

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