Catastrophe Risk Specialist

Work Location:

Toronto, Ontario, Canada

Hours:

35

Line of Business:

Analytics, Insights, & Artificial Intelligence

Pay Details:

$88,500 - $132,700 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

We are seeking a detail-oriented Catastrophe Risk Specialist to join our team. In this role, you will be responsible for developing and maintaining catastrophe models to assess potential losses from natural disasters. You will collaborate closely with actuaries, data scientists, and underwriters to ensure our models accurately assess and manage catastrophe risks, supporting strategic decision-making and enhancing our risk management capabilities.

Key Responsibilities:

• Develop and calibrate catastrophe models using industry-standard software (e.g., RMS, AIR VERISK etc).

• Analyze historical data, scientific research, and insurance claims to enhance model accuracy.

• Collaborate with actuaries, underwriters, and data scientists to understand risk exposures and model limitations.

• Interpret model outputs and assumptions from multiple models to help form a view of risk.

• Coordinate with risk management partners the independent review of model performance, documentation, and validation.

• Conduct sensitivity analysis and scenario testing to evaluate the impact of different variables on risk assessments.

• Participate in the review of the reinsurance strategy and evaluate reinsurance structure to optimize shareholder value.

• Proactively share knowledge in catastrophe-related areas, create learning experiences and foster teamwork and cross-functional collaboration

• Communicate findings and recommendations to stakeholders through reports, presentations, and technical documentation.

• Stay updated with industry advancements, regulatory requirements, and best practices in catastrophe modeling.

Requirements:

• 7+ years' experience in a Catastrophe Modelling role using one or both of RMS and AIR Verisk.

• Experience in insurance, reinsurance, catastrophe model development, catastrophe risk pricing or risk management is a plus.

• Bachelor's degree in Mathematics, Statistics, Actuarial Science, Atmospheric Science, Geospatial Science or related field.

• Proficiency in catastrophe modeling software, programming languages such as Python, R, SQL, or similar for data manipulation and modeling.

• Strong analytical skills with a deep understanding of risk assessment and modeling techniques.

• Excellent communication and presentation skills, with the ability to translate complex technical concepts to non-technical stakeholders.

• Certification or coursework in Catastrophe Modeling, Risk Management (e.g., CPCU, ARe) or Actuarial Exams is advantageous.

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. More than four million customers count on us.

As the largest direct to consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada-wide workforce.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet