Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the US and Europe under the brands Canada Life, Empower, and Irish Life. At the end of 2019, our companies had approximately 24,000 employees, 197,000 advisor relationships, and thousands of distribution partners – all serving our more than 31 million customer relationships across these regions.

Purpose of the Position

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your 

Key Responsibilities

You will play a key role in supporting the development and management of the Company’s enterprise-wide framework for financial risk by:

Leading a team responsible for delivering quarterly reporting to various committees and regulatory bodies, as well as analytical support related to financial risk measurement methodologies and internal business strategies

Reviewing credit, market, and liquidity risk reports and streamlining the reporting process

Applying analytics to generate insights specific to financial risks and global capital markets and to help inform investment and risk strategy

Preparing executive and Board-level material while effectively communicating technical concepts

Supervise coordination with cross-functional areas to ensure preparation of executive and Board-level material completed on time and to high degree of quality

Preparing for regulatory meetings, attending meetings, and coordinating resulting actions

Evaluating hedging strategies and hedge monitoring for Great-West Lifeco’s product offerings

Leading key financial risk initiatives related to emerging financial risks, proposed acquisitions, and regulatory change

Monitoring business activities and external developments that would materially alter the company's risk profile

Building strong understanding of internal strategies to measure and manage financial risks to effectively challenge and identify opportunities for enhancements

Forming strong working relationships with internal stakeholders across our global business

Skills and Competencies

Desirable skills

Qualified Actuary, FSA (Fellow Society of Actuaries), FCIA (Fellow of the Canadian Institute of Actuaries), or other relevant degrees or a relevant professional body qualification

Minimum 10 years relevant work experience

Knowledge of life insurance product offerings, liability cashflow modeling, asset-liability management (ALM), IFRS 17

Excellent interpersonal and communication skills

Participates effectively in cross-functional and cross-regional teams

Proactive and self-directed with the ability to complete several tasks concurrently

Coaching / mentoring junior co-workers and managing projects to ensure deadlines are met

Presents complex technical concepts to a range of audiences

Keen eye for detail and superior analytical and problem-solving skills

An asset to have knowledge of credit, market, and liquidity risk, investments, LICAT, and ORSA

What's in it for you?

Rapidly develop your problem solving, leadership, relationship-building, and communication skills

Work on challenging and innovative projects in a dynamic, collaborative, and fast-growing team

Competitive and comprehensive rewards program including bonuses and flexible benefits