AVP, Global ALM

Our Story

We are proud to announce that Canada Life will become our company brand under which our three companies service – Great West Life, London Life, and Canada Life.  

Together, Great-West Life, London Life and Canada Life have been in the business of keeping promises for over a century. The new Canada Life brand combines the strengths of all three – so we can better deliver on our purpose: To improve the financial, physical and mental well-being of Canadians.

We are excited about this journey. To find out more about our story, click here

General Accountabilities :

  • Provide innovation and thought leadership on new ALM approaches
  • Identify opportunities to standardize ALM philosophy, principles and methodologies across regions
  • Align and consolidate ALM metrics, measurement and reporting across regions
  • Develop common modeling methodology and tools
  • Support the regional ALM teams on global ALM initiatives

On-Going Responsibilities:

Oversee review of measurements/modeling standards and global-level modeling

  • Manage team to identify improvement opportunities and appropriate adjustments, understanding investment implications of current positions and optimization opportunities
  • Support global-level modeling and review of assumptions/inputs
    • Specific models include Economic Scenario Generator (ESG) and Global ADP
  • Support global actuarial group in developing global liability mgmt./cash-flow matching framework

Ensure global ALM metrics, current approaches, and other relevant data/analyses are provided to Global Actuarial

  • Provide additional resources to examine improvement/streamlining opportunities across regional approaches
  • Help deploy standardized framework to regional teams

Manage the development and production of global ALM dashboard report

  • Ensure report is developed accurately and on-time
  • Review need for additional metrics in global report, adapting to requests from the Board, senior leadership, and regulators

Oversee management of ALM risks and “second-line-of-defense”

Lead experience-sharing sessions between regions

  • Work with analysts to develop session agenda and materials
  • Facilitate discussion with regional contacts

Ensure ALM-related inquiries from OSFI are addressed

  • Mobilize global team to address specific requests in timely and accurate fashion

Support regional ALM teams with local processes

  • E.g., ALM policy review, new products, etc.

Serve as primary contact to the global actuarial group

  • Ensure ALM methods and perspectives are incorporated in standards
  • Share relevant insights with regional ALM teams

Qualifications and Competencies :

  • 8+ years of experience
  • Fellow of the Canadian Institute of Actuaries
  • Deep knowledge of actuarial methods, tools, and models used for managing market, credit and insurance risks
  • Working knowledge and experience in risk management and ALM
  • Familiarity with Investments and Capital Markets
  • Strong analytical skills; Familiarity with current analytic models and their use in asset-liability management
  • Excellent verbal and written communication skills
  • Strong project management skills with the ability to manage multiple priorities
  • Demonstrated ability to manage, mentor, and lead
  • Demonstrated credibility and professionalism in effectively articulating technically complex issues in a concise manner

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