AVP Asset Liability Management Production

Permanent Full Time

Role Description

The Canada Asset Liability Management (ALM) team brings together a complete view of Canada Life’s assets and insurance liabilities to guide how the balance sheet is invested and managed. It identifies and manages interest rate, liquidity, currency, inflation, credit, and asset-mix risks, while balancing earnings, capital, and risk objectives.

It produces accurate and insightful reporting and analysis to support decision-making. Effective ALM helps Canada Life meet its commitments to policyholders, remain resilient across market cycles, and create sustainable long-term value.

ALM team members have the opportunity to work with a wide range of diverse stakeholders, hone their technical asset liability and financial analysis skills, while developing collaborative partnerships across business segments and functions.

The AVP, ALM Production is responsible for overseeing the production, validation, and delivery of ALM analytics and reporting, while measuring, monitoring, and managing ALM risks. The role ensures the timely and accurate calculation and reporting of financial results, balance sheet risk metrics, interest rate risk exposure, and liquidity measures.

The position partners closely with senior leaders within Investment, Finance, Risk, and Actuarial teams to support strategic decision-making. You will lead a team of approximately 15 staff to deliver these responsibilities. The AVP, Production reports to the VP, Asset Liability Management and is part of the broader Great West finance organization.

What you will do

Operational Activities

ALM YCS & Systems Activities

Leadership

What you will bring

The base salary for this position is between $176,300 - $226,300 annually. This represents base salary only and does not represent other variable compensation components of our total compensation (i.e. annual bonus, commission, etc.).

Career opportunities will be open a minimum of 5 business days from the date of posting; closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Great-West Lifeco

Great-West Lifeco Inc is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower, and Irish Life.

At the end of 2024, our companies had over 32,250 employees, 106,000 advisor relationships, and thousands of distribution partners – serving approximately 40 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

What we offer:

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:

• Career Development: Opportunities for career advancement, access to industry-leading learning programs, and up to $2,000 annually towards education reimbursement.
• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
• Financial Security: Company-matching pension plan, share ownership program, and additional investment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts, and more!
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs, and events.

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact our talent acquisition team. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies.