Royal Bank of Canada
Job title:
Actuarial Associate, Financial Modeling, GRM, RBC Insurance
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?Reporting to the Director, Actuarial & Risk Management of GRMI (Group Risk Management – Insurance), the incumbent will gain exposure to the asset modelling, asset liability management and reporting. The role primarily support the team on asset modelling, discount rate (DR) production process and earnings by source (EBS) analysis. The role also assists in the ad-hoc analysis and other ALM financial reporting inquiries.What will you do?
- Assist in the monthly DR production and quantification of ALM trades in AXIS, including asset data checking, model changes in Moody’s AXIS.
- Assist in annual economic assumption changes.
- Support team in EBS analysis and reporting, including extracting model runs details to validate reported results.
- Provide support to internal/external teams for quarterly/annually reports such as LICAT, risk reports, AAR, materials for Board, etc.
- Support the identification, development, and implementation of enhancements to existing DR process, methodologies and frameworks.
What will you need to succeed?Must Have
- Bachelor’s degree (or above) majoring in Actuarial Science or Statistics
- ASA or close to ASA with a minimum 5+ SOA exams
- Prior experience on Moody’s AXIS and SQL is required, experience on software such as R, tableau would be an asset.
- ALM/Investment working experience and knowledge would be an asset.
- Strong problem solving and technical skills, be able to investigate issues and provide suggestions
- Self-motivated and attention to details
What’s in it for you?
- A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
- Competitive pay and high-earning potential
- Study program for pursuing the actuarial credential
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
Job Skills Actuarial Modeling, Actuarial Services, Critical Thinking, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, 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: 2025-01-08Application Deadline: 2025-01-25Note: 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
Fri, 10 Jan 2025 00:16:06 GMT
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