Actuarial Associate, ALM Modeling, GRM, RBC Insurance
Top Benefits
About the role
Job Description
What is the opportunity?
Reporting to the Associate Director, ALM, the incumbent will gain exposure to the asset modelling, asset liability management, reporting and financial risk oversight. The role primarily supports 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? **
- Support monthly discount rate (DR) production and ALM trade quantification in Moody’s AXIS, including asset data validation and asset model enhancements.
- Assist with the review and monitoring of key actuarial assumptions, including corporate bond defaults, inflation, ultimate risk-free rate, investment expense, and liquidity premium.
- Support team in EBS analysis and reporting, including extracting model runs details to validate reported results.
- Collaborate with the Investment team to evaluate how asset strategies and ALM transactions affect liability valuation and capital.
- Provide support to internal/external teams for quarterly/annually reports such as LICAT, risk reports, AAR, materials for Board, etc.
- Participate in model improvement initiatives, enhancing DR processes, AXIS workflows, and actuarial methodologies.
- Support the Financial Risk Oversight team with ad hoc actuarial analysis, model investigations, and resolution of unusual results.
**What will you need to succeed? **
Must-Have
- Bachelor’s degree (or above) majoring in Actuarial Science or Statistics
- 3-5 years of relevant experience in an actuarial field.
- ASA or close to ASA with a minimum 5-6 SOA exams
- Prior experience on Moody’s AXIS and SQL is required, experience on software such as R, tableau would be an asset.
- Strong problem solving and technical skills, be able to investigate issues and provide suggestions
Nice-to-Have:
- ALM/Investment working experience and knowledge would be an asset.
- 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
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 Applications
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
Mississauga
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-08-20
Application Deadline:
2025-09-26
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Actuarial Associate, ALM Modeling, GRM, RBC Insurance
Top Benefits
About the role
Job Description
What is the opportunity?
Reporting to the Associate Director, ALM, the incumbent will gain exposure to the asset modelling, asset liability management, reporting and financial risk oversight. The role primarily supports 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? **
- Support monthly discount rate (DR) production and ALM trade quantification in Moody’s AXIS, including asset data validation and asset model enhancements.
- Assist with the review and monitoring of key actuarial assumptions, including corporate bond defaults, inflation, ultimate risk-free rate, investment expense, and liquidity premium.
- Support team in EBS analysis and reporting, including extracting model runs details to validate reported results.
- Collaborate with the Investment team to evaluate how asset strategies and ALM transactions affect liability valuation and capital.
- Provide support to internal/external teams for quarterly/annually reports such as LICAT, risk reports, AAR, materials for Board, etc.
- Participate in model improvement initiatives, enhancing DR processes, AXIS workflows, and actuarial methodologies.
- Support the Financial Risk Oversight team with ad hoc actuarial analysis, model investigations, and resolution of unusual results.
**What will you need to succeed? **
Must-Have
- Bachelor’s degree (or above) majoring in Actuarial Science or Statistics
- 3-5 years of relevant experience in an actuarial field.
- ASA or close to ASA with a minimum 5-6 SOA exams
- Prior experience on Moody’s AXIS and SQL is required, experience on software such as R, tableau would be an asset.
- Strong problem solving and technical skills, be able to investigate issues and provide suggestions
Nice-to-Have:
- ALM/Investment working experience and knowledge would be an asset.
- 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
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 Applications
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
Mississauga
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-08-20
Application Deadline:
2025-09-26
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.