Top Benefits
About the role
Job Description
What is the opportunity?
The Associate Director, GRMI International, will be responsible for leading the actuarial and risk management functions for the International product lines with a focus on experience study, while supporting the financial reporting and related mandates. The role also involves mentoring and developing staff.
What will you do?
The role will cover various areas of the management of the international insurance business within RBC and there is some scope to shape the balance of the role between the following areas:
- Leading annual mortality and other experience studies to identify and interpret emerging trends and propose new assumptions for valuation and actionable items to facilitate sustainable profitability for the business.
- Leading risk governance and oversight, support annual update of risk appetite and delegated authority, and ensure top and emerging risks remain within risk appetite through frequent monitoring.
- Contributing to and supporting actuarial financial reporting to ensure effective completion of all annual, quarterly and monthly actuarial processes including but not limited to valuation and Appointed Actuary Report. In addition, provide the business with implications of emerging financial results and related metrics for mortality, mortality improvement, expense and economic drivers.
- Contributing as needed to the valuation modelling with maintaining/ updating/ validating Moody’s AXIS valuation models for monthly reporting, assumption updates, model enhancements and coordination with regression testing.
- Work closely with the business and other functional partners on strategic projects and tactical actions including business planning and forecasting.
What will you need to succeed?
- Fellow of the Society of Actuaries and/or Canadian Institute of Actuaries or equivalent foreign designation
- 5 to 10 years of experience within the life insurance industry
- Experience in life retrocession and longevity reinsurance product lines is an asset
- Leadership skills to engage team and effective communication skills to explain technical issues in a simple way
- Strong analytical and technical skills to review work and challenge results. Familiarity with AXIS is an asset.
- Knowledge of life insurance standards of practice, reserving principles, insurance accounting, product design and administration, pricing framework, capital regime, and regulatory compliance guidelines and IFRS 17
- Ability to juggle multiple priorities, deal with ambiguity and manage workloads
Special Conditions
There is a preference for a candidate who meets the job requirements and is willing to work in Cayman Islands. Suitable candidates who prefer working in Mississauga are also welcome to apply.
What's in it for you?
RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
- 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
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity
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:
2025-12-03
Application Deadline:
2025-12-18
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay 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 jobs.rbc.com.
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.
Top Benefits
About the role
Job Description
What is the opportunity?
The Associate Director, GRMI International, will be responsible for leading the actuarial and risk management functions for the International product lines with a focus on experience study, while supporting the financial reporting and related mandates. The role also involves mentoring and developing staff.
What will you do?
The role will cover various areas of the management of the international insurance business within RBC and there is some scope to shape the balance of the role between the following areas:
- Leading annual mortality and other experience studies to identify and interpret emerging trends and propose new assumptions for valuation and actionable items to facilitate sustainable profitability for the business.
- Leading risk governance and oversight, support annual update of risk appetite and delegated authority, and ensure top and emerging risks remain within risk appetite through frequent monitoring.
- Contributing to and supporting actuarial financial reporting to ensure effective completion of all annual, quarterly and monthly actuarial processes including but not limited to valuation and Appointed Actuary Report. In addition, provide the business with implications of emerging financial results and related metrics for mortality, mortality improvement, expense and economic drivers.
- Contributing as needed to the valuation modelling with maintaining/ updating/ validating Moody’s AXIS valuation models for monthly reporting, assumption updates, model enhancements and coordination with regression testing.
- Work closely with the business and other functional partners on strategic projects and tactical actions including business planning and forecasting.
What will you need to succeed?
- Fellow of the Society of Actuaries and/or Canadian Institute of Actuaries or equivalent foreign designation
- 5 to 10 years of experience within the life insurance industry
- Experience in life retrocession and longevity reinsurance product lines is an asset
- Leadership skills to engage team and effective communication skills to explain technical issues in a simple way
- Strong analytical and technical skills to review work and challenge results. Familiarity with AXIS is an asset.
- Knowledge of life insurance standards of practice, reserving principles, insurance accounting, product design and administration, pricing framework, capital regime, and regulatory compliance guidelines and IFRS 17
- Ability to juggle multiple priorities, deal with ambiguity and manage workloads
Special Conditions
There is a preference for a candidate who meets the job requirements and is willing to work in Cayman Islands. Suitable candidates who prefer working in Mississauga are also welcome to apply.
What's in it for you?
RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
- 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
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity
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:
2025-12-03
Application Deadline:
2025-12-18
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay 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 jobs.rbc.com.
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.