Description:
Equitable is growing! We are looking to add a AVP Portfolio Risk and ALM!
AVP, Portfolio Risk and ALM is accountable for assessment and management of the investment risks, ensure cohesive alignment between business lines and corporate areas to ensure communication and guidance between, as well as communicate investment results.
Now is an exciting time to join one of the Waterloo Region’s Top Employers for 2023!
What you will be doing:
- Responsible for management of interest rate risk exposures including assessment and collaboration with Capital markets team on the LDI portfolio management
- Responsible for hedging of investment risks, including interest rate and equity risks such that we remain within company risk policy. This development and management of derivatives portfolios, dynamic hedging process, and other complex solutions as required.
- Participate in Enterprise Risk Management framework with the Chief risk officer related to investment risks
- Responsible for quantification and monitoring of all investment risks for inclusion the Enterprise Risk Management framework
- Responsible for developing and managing models for explaining investment results to help senior management understand the drivers of performance as well inform the investment team of the impacts of specific decisions and positions
- Responsible for investment contributions to pricing of insurance products, including investment returns, asset sourcing analysis, and risk profiles for both economic and accounting perspectives
- Responsible for coordination of funding requirements between the lines of business, corporate areas and the investment division and ensuring active lines of communication to ensure cohesive strategy as requirements change with sales, experience, and market fluctuations.
- Responsible development of the annual business plan
- Member of the Senior Risk and Capital Committee
- Regular contributor to the Senior Investment Committee
- Hires, trains, and supervises Analysts/Developers and provides leadership and guidance for successful completion of key requirements as defined by those roles including research, analysis, and documentation of business requirements for models or enhancements
What you will bring:
- A minimum of 10 years experience in actuarial or investment field
- Completion of a Degree in Commerce, Economics, Math, Computer Science, or Actuarial Science
- Financial Risk Management or other risk related designations an asset
- Experience with and thorough understanding of portfolio management and investment products across all asset classes such as fixed income, credit, equities, and derivative instruments
- Experience with advanced quantitative modelling technics such as stochastic modelling
- Excellent relationship skills and ability to work effectively with people at all levels across the business and external service providers
- Proven organizational skills
- Leadership Meeting facilitation
- Programming skills: Strong knowledge and experience in Python, SQL, VBA, strong Knowledge of Database concepts and practices