Requisition ID: 235038

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Contributes to the overall success of Global Insurance, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures activities conducted comply with governing regulations, internal policies and procedures.

Accountabilities 

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Insurance Canada IFRS17 valuation lead with responsibilities including: 
  o    Lead the monthly actuarial valuation process  
  o    Lead the valuation controls process
  o    Maintaining the IFRS17 models and develop enhancements as needed
  o    Conduct annual Experience Studies and Assumption updates
•  Support IFRS17 reporting process optimization and enhancements incorporating industry best practices 
• Ownership of capital calculations including LICAT calculations, EWST and dividend recommendations.
• Work with Appointed Actuary to deliver OSFI requirements including the annual Appoiunted Actuary’s report
• Deliver Internal and External Audit requirements
• Support Actuarial Pricing staff as it relates to IFRS17
• Assisting Director of actuarial with his mandate including data analysis for business insights
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment. 

Education / Experience 

• Fellowship in the Canadian Institute of Actuaries or Society of Actuaries or equivalent.
• Insurance product knowledge – creditor and direct-to-consumer products
• Experience with insurance product analysis including lapse and mortality studies
• Experience with IFRS17 valuation and reporting
• Proficiency in advanced excel and Moody’s AXIS and Risk Integrity software
• Proficiency in analytics software including PowerBI is an asset. 

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Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.