Job Description

What is the opportunity?

You will be responsible for supporting actuarial and risk management functions for individual living benefits products.

What will you do?

Month-end Valuation and Reporting

Perform monthly valuation of living benefits liabilities under IFRS17 framework

Prepare and validate fulfillment cashflow calculation, roll-forwards and reconciliations.

Analyze results and provide clear explanation for key movement and trends

Assist in preparing management reports and supporting audit and review process.

Experience Studies and Assumption Management

Conduct experience studies related to lapse, morbidity etc

Analyze emerging experience to inform assumption setting and management decision

Collaborate with modeling and pricing teams to ensure consistency of assumptions across functions.

Cross-functional Collaboration

Work with finance, risk and audit teams to ensure data accuracy and model transparency

Provide actuarial insights for strategic initiatives and regulatory reporting

What do you need to succeed?

Must-have:

Bachelor’s degree (or above) majoring in Actuarial Science. Other relevant Majors (e.g. Business, Economics, Mathematics, or Statistics) are acceptable if accompanied with demonstrated knowledge of Actuarial concepts

3 or more actuarial exams is required

Strong analytical and problem solving skills, with the ability to be an innovative thinker and understand the \"big picture\"

High energy, results-oriented self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environment

Strong working experience with GGY AXIS and MS Excel

Ability to communicate clearly and concisely with both technical and non-technical audiences

Nice-to-have:

Working experience with Power BI, R or Tableau

Experience working with teams across different platforms

Prior knowledge with living benefits products is an asset

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.

A comprehensive Total Rewards Program include competitive compensation and flexible benefits

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.

Opportunities to build close relationships with clients.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

Drives RBC’s high-performance culture

Enables collective achievement of our strategic goals

Generates sustainable shareholder returns and above market shareholder value

#LI – POST

Job Skills

Actuarial Modeling, Critical Thinking, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, System Applications

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

Mississauga

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-01-28

Application Deadline:

2026-02-28

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.