Director, ALM Liability Modeling and Risk Analytics

What is the Opportunity

The Director ALM Liability Modeling and Risk Analytics will lead the design development and validation of liability modeling and analytical solutions to enable liability-driven investment decision and risk management within the CIO Office function. The ideal candidate will bring deep modeling expertise and the knowledge of insurance products to provide the transparency and predictability of liability cashflows and sensitivities in an efficient manner enabling the CIO and Investments team to optimize risk-adjusted returns and capital efficiency.

What will you do

• Lead the development enhancement and validation of efficient liability cash flows projection models in the need of timely ALM. Measure and explain the liability impacts due to changes of interest rates credit spreads inflation and FX to support timely investment decisions and risk management.
• Collaborate with Actuarial Investments and Finance teams to align modeling assumptions and financial impacts with the companys broader ALM objectives.
• Integrate liability projections with asset and macroeconomic scenarios to support net investment income forecasting and ALM positioning.
• Contribute to capital management initiatives by providing analytics to optimize internal and regulatory capital usage while maintaining stability in earnings.
• Prepare clear and actionable Investment risk management information for Investment Committee.
• Identify and implement opportunities to enhance modeling processes improve efficiency and strengthen governance within data analytics.

What do you need to succeed

Must-have

• Experience with AXIS modeling to design develop validate and explain modeling results for liability cashflow and sensitivity analysis.
• Strong knowledge of ALM concepts and the resulting impacts in the IFRS17 measurement and reporting for life insurance company.
• Understanding of Canadian insurance products (e.g. UL annuities participating life) and their liability dynamics.
• Familiarity with insurance capital management frameworks.
• Strong communication skills and critical thinking to identify and translate business requirements into measurement approach to provide actionable insights for ALM and investment strategies.

Nice-to-have

• Programing experience in Python and R.
• Knowledge of derivative hedging programs and their interaction with liability cashflows.
• Exposure to stochastic scenario generation for ALM applications.
• Experience with risk management system such as Risk Watch.

Whats in it for you

• A Total Rewards program that includes competitive pay 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 business and career
• Flexible work/life balance options
• Sophisticated RBCI software tools to boost your productivity and grow your business

RBC Insurance is an organization that succeeds by bringing out the best in its people. Youll 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.

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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.