Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

The AVP, Model Risk supports the VP, Quantitative Risk through reviewing, challenging and catalyzing improvements to the management of risk within Aviva Canada.

The Quantitative Risk team is part of the Risk Function that is responsible for embedding a robust Risk Management Framework with Aviva Canada and providing leaders with Risk’s independent insight, challenge and opinion on key business decisions and the aggregate risk profile. The Quantitative Risk Team provides specialist technical insights and analysis, focusing on financial, insurance and model risks. In collaboration with the other Risk teams, it supports the CRO in ensuring that Aviva Canada operates within the approved risk appetite framework and that the appropriate culture, governance, and oversight arrangements are in place to effectively manage the risks to achievement of Aviva Canada’s objectives. It is also responsible for the independent validation of the internal model in collaboration with the Group Model Validation Center of Excellence.

Does this sound like your next role? Read on!

What You’ll Do

• Working with the VP, Quantitative Risk and AVP, IMIV and Financial Risk, assist in the effective management of key risks and embedding of risk culture in relation to financial, insurance and model risks
• Review and challenge the model governance of the material models (excluding economic capital). Coordinate independent validation activities and perform or review independent validation assignments.
• Support local oversight of End-User Computing (EUC). Coordinate testing of material and complex EUC and perform or review testing.
• Support business partners in reviewing and challenging pricing risks on new products, material portfolio transfers, and deals.
• Perform deep dives of insurance risk management controls.
• Contribute to the risk reviews of business plan and other local or global initiatives.
• Support the Compliance team with analysis on pricing implications for regulated products.
• Support the identification and assessment of emerging risks and support business leaders in identifying appropriate management and mitigation of emerging exposures.
• Support AVP, IMIV and Financial Risk in the validation of the economic capital model

Leadership

• Help craft Enterprise Risk Management debate and action through proactively engaging senior collaborators
• Support a continuous improvement culture where lessons learned are shared across the risk function locally and globally.
• Work with colleagues across the business to share risk knowledge and expertise which supports business needs, developing an environment of 'no surprises' through open and clear two-way communication.
• Represent the Risk team on management committees

What You’ll Bring

• Bachelor’s degree in actuarial science, mathematics, statistics, or equivalent.
• Actuarial Fellowship designation
• Strong actuarial background / significant experience within actuarial role in insurance industry or equivalent.
• Excellent problem-solving skills.
• Experience in building complex actuarial models, including Data Science models.
• Solid negotiation and relationship building skills.
• Demonstrated ability (10 years) in property/casualty insurance industry with increasingly responsible professional experience.

What You’ll Get

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Outstanding Career Development opportunities.
• We’ll support your professional development education.
• Competitive vacation package with the option to purchase 5 extra days off per year
• Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion
• Corporate wellness programs to support our employees’ physical and mental health
• Hybrid flexible work model

Please note that we may use AI tools to help us through the recruitment process. This is an new position which has been posted both internally & externally.

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.