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insurance manager
Title posted on CareerBeacon - AVP Insurance Risk Management
Posted on November 07, 2024 by Employer details TD Bank
Job details
Work Location:Montréal, Quebec, CanadaHours:37.5Line of Business:Risk ManagementPay Details:$145,000 - $200,000 CADTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.Job Description:TDI Insurance Risk Management is accountable for the IRM program across TDI, relying on key activities and deliverables embedded within the accountabilities of business process, risk and control owners (first line). This role is responsible for ensuring alignment of IRM with TDI business priorities, capacity, and expertise to ensure a shared focus on common IRM objectives.IRM has a mandate to ensure global compliance with the Enterprise IRM Framework. This role is responsible for ensuring alignment of IRM resources and activities with IRM business priorities, capacity, and expertise to ensure a shared focus on common ORM objectives.This role is the primary IRM Business Segment Relationship Manager for TDI and has accountability to lead, train, and develop a team of Montreal and Toronto-based IRM professionals.Insurance Risk Management ("IRM")Reporting to the VP of TDI Risk Management.Lead the capital adequacy assessment processes for TDI General Insurance ("GI"), Life & Health ("LH"), and Reinsurance ("TDRB"), including but not limited to:Ownership of the End-to-End Own Risk Solvency Assessment ("ORSA") process.Production of the annual ORSA reports for the Canadian legal entities.Recommendation of the internal target capital ratios for the Canadian legal entities.Embedding ORSA into strategic decision-making.Monitoring and optimizing economic capital at a TDI segment level; and,Ensuring compliance with relevant regulatory guidelines (A-4, E-19).Support the stress testing program for the TDI Segment, including but not limited to:Leverage stress testing processes within the business (e.g. FCT, EWST) in the identification and assessment of risks to TDI; and,Ensuring compliance with relevant regulatory guidelines (E-18).Lead risk-based Insurance Risk oversight and challenges for TDI GI, LH, TDRB and TD Corporate Insurance including but not limited to:Review experience study methodology/results.Assess catastrophe, non-catastrophe and reinsurance related risks.Build/develop/maintain effective pricing review methodology that will ensure all risks taken are communicated effectively, understood and appropriately mitigated.Develop insurance risk analytics and tools that allow for risk trend and emerging risk identification (e.g. portfolio monitoring reports, claim analytics) to challenge the business' assessment and management of Insurance RiskDevelop, in collaboration with our business partners, Key Risk Indicators for Insurance RiskDesign enhanced insurance risk reporting that leverages risk analytics, analyze and interpret the output, and provide commentary insights to management, executive stakeholders, and risk partnersDocumentation and communication of findings to management and executive stakeholders through various risk committees.Build/maintain a world-class framework to oversee product development areas in LH, TDRB and GI businesses.Develop/articulate TDI's pricing targets/risk appetite and ensure consistency across TD Insurance, and consistency with TDBG targets where appropriateBuild/develop/maintain effective pricing review methodology that will ensure all risks taken (including operation- LocationMontréal, QC
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2122650
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