Description
PURPOSE OF POSITION
Accountable for the development, implementation, and validation of stochastic modelling to support the enhancement of FSRA’s predictive analysis and risk assessment capabilities in the management of the Pension Benefits Guarantee Fund (PBGF) and similar applications.
KEY RESPONSIBILITIES
Researches, develops, implements, validates, and maintains complex / specialized models as related to pension plans and / or insurance applications.
Develops, calibrates, validates, and assists in the roll-out of the stochastic model regarding FSRA’s investments in the Pension Benefits Guarantee Fund (PBGF) and similar applications.
Conducts data gathering, manipulation, and aggregation for predictive modelling in risk quantification (e.g., Fund-at-Risk and tail losses).
Conducts stress testing and periodic financial projections including quarterly and ad-hoc scenario runs and associated risk analyses and internal reporting in support of decision making for the enhancement of the long-term financial sustainability of the PBGF and other similar applications.
Develops and maintains working relationships with the pensions to support the analysis and application of financial modelling.
Develops and maintains working relationships with internal data specialists and external data provider (i.e. Moody’s Analytics) to ensure data needs are met.
Interacts with a wide range of audiences by preparing, presenting, explaining technical concepts / results for purposes of decision making.
QUALIFICATIONS
Education and Experience
Graduate Degree in quantitative subjects including but not limited to Math, Statistics, Actuarial Science, Economics, Computer Science, Engineering or equivalent experience.
Candidate in actuarial or CFA certification is an asset)
Minimum 3-5 years’ experience in statistical modelling in the financial and investment industry.
Knowledge and Skills
Technical knowledge and skills in developing and implementing stochastic / statistical models (e.g., regression, time series, maximum likelihood) combined with empirical data skills (cleaning / manipulation)
Advanced Excel and programming skills (e.g., Python, VBA, , SQL, R, C++)
Working knowledge of Moody’s Economic Scenario Generator is an asset
Skilled at writing clear and concise documentation, reports, briefing notes, etc.
Knowledge of financial institutions.
Working knowledge of asset liability modelling in the financial industry.
Proven strong attention to detail and analytical skills
Ability to communicate technical / complex concepts in a clear, concise manner.
Job Posting End Date :
11 / 17 / 2024
Job postings close at 11 : 59pm on the date noted.
Compensation Grade : Grade 06-AMAPCEO
Grade 06-AMAPCEO
Compensation Range : $74,877.00
$74,877.00
$110,338.00
Bargaining Unit : AMAPCEO
AMAPCEO
Job Code : Job Code : 6A001F
Job Code : 6A001F
Employment Type : Regular
Regular
Scheduled Weekly Hours :
36.25
FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals.
Accommodation is available under the Ontario Human Rights Code.
NOTE : ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED
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