Job Description

You are as unique as your background, experience and point of view. Here, you\xe2\x80\x99ll be encouraged, empowered and challenged to be your best self. You\'ll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you\'ll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

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Role Summary:

This role will report to the AVP, Credit Risk Analytics, and will assist in the development and management of enterprise-wide credit risk management and oversight function at Sun Life Financial (SLF). The Director will focus on the methodology development, production and reporting of risk appetite measures including Credit Earning-at-Risk and Credit Capital-at-Risk. The director will be very familiar with recent changes in accounting standards related to insurance industry especially IFRS 9 and IFRS 17.

Main Accountabilities:

• Lead the development and implementation of the Earnings-at-Risk and Capital-at-Risk methodologies for credit risk sensitive instruments.
• Develop and maintain a scalable infrastructure for the production of regular and ad-hoc reporting covering Asset classes, Business Groups and the Enterprise.
• Provide analytical support and enhance models on credit risk measurement under IFRS 9 and IFRS 17 requirements.
• Act as the primary resource to educate and inform senior management, business group risk officers, portfolio management and Investments on the principles of Sun Life\'s portfolio credit risk models and their impact on the organization.
• Maintain complete and up-to-date documentation for all processes, assumption changes and parameter specifications of the models/methodologies used in credit risk management.
• Independently monitor and report limit breaches and track remediation.
• Keep abreast of changing best practices in the field of credit risk management and incorporate best practice when and where appropriate.
• Share insights with respect to credit markets and our portfolio generated through analysis and stress-testing.

Competencies:

• Successful candidates will possess a graduate degree in actuarial science, mathematics, economics or finance.
• 7+ years work experience including 3 - 5 years experience related to credit risk analytics, methodology or Insurance Asset and Liability management.
• Excellent analytical skills, and intellectual curiosity.
• Strong verbal and written communication skills, particularly the ability to simplify complicated information and present it in a practical context.

Capabilities:

• Good understanding in accounting standards related to insurance industry specially IFRS 9 and IFRS 17.
• Experience in model development of credit risk parameters.
• Strong technical skills including Python, R, SAS, SQL or VBA.
• Knowledge of Basel II, Solvency II, MCCSR and LICAT.
• Familiarity with third party credit risk applications would be an asset (e.g. from software providers such as Moody\'s KMV, Sungard, MSCI (RiskMetrics) etc.)
• Strong working knowledge of best-practice approaches related to back-testing, parameter validation, and stress-testing of credit risky assets in a portfolio credit risk context.

#LI-Remote

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to .

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range: 105,000/105 000 - 165,900/165 900

Job Category: Risk Management

Posting End Date: 12/03/2023

Sun Life Financial