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Actuarial Analyst (Summer 2021 Student)

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RBC

What is the opportunity?

Reporting to the Associate Director, Actuarial & Risk Management of GRMI (Group Risk Management Insurance), the Actuarial Analyst will provide key technical actuarial assistance in completing monthly and quarterly financial reporting requirements, trade quantifications, and other asset related projects/strategies.

The analyst will understand the relationship between Insurance Finance and the Canadian Life & Health Actuarial team with an emphasis on the actuarial aspects of Life Insurance Financial and Canadian Asset Liability Method (CALM) reporting.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is March 14, 2021. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

What will you do?

  • Assist with monthly asset trade quantification for Corporate Actuarial and their partners.
  • Assist with identifying and implementing improvements to quarterly CALM processes.
  • Assist with ad-hoc analysis related to Asset Liability Management (ALM) strategies.
  • Assist in CALM quarterly valuation processes and production of liability cashflows.
  • Understand and explain the CALM model (GGY Axis) and implement model enhancements.

    • What do you need to succeed?

    Must-have

  • Ability to communicate clearly and concisely to both a technical and non-technical audience.
  • Basic programming skills (VBA, SAS, R)
  • Proficient in MS Excel and other applications in the Microsoft office suite.
  • Experience with GGY Axis (Asset and Reinvestment modules).
  • Pursuing a degree in Mathematics/Statistics/Actuarial Science and actively pursuing an ASA/ACIA designation

    • Nice-to-have

  • Prior Co-op experience in similar roles.

    • What’s in it for you?

    We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work and make a difference
  • Opportunities to building close relationships

    • While there is no one date when our employees will return, we can confirm that the majority of Summer Work Integrated Learning | Co-op positions will start working remotely, however may transition to working at an RBC office as essential service restrictions are lifted.

    HO2020

    OAA2020

    TAD2020

    About RBC
    Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com .

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    Inclusion and Equal Opportunity Employment
    RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

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