Title:  Senior Consultant, Actuarial Analysis - Global DB Pensions

Requisition ID: 254086 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Reporting to the Director, Global DB Pensions, the manager is responsible for supporting the management and oversight of the Bank’s global defined benefit (DB) pension plans. Key areas of focus include actuarial valuations, strategy, compliance, governance, communication and education, as well as involvement in budgeting and expense management of external vendors. The role includes exposure to pension plans in Canada, the United States, the United Kingdom, Mexico, and the Caribbean.

Is this role right for you? In this role you will:

• Assist with IAS 19 pension financial reporting following established procedures at each quarter-end and year-end.
• Assist with the management and preparation of actuarial valuations and costings conducted by external consultants for design, expense and forecasting purposes to effectively manage costs.
• Manage the department’s response to internal and external audit requests related to pension matters and procedures (including under Sarbanes-Oxley (SOX)). Update documentation on established procedures as required.
• Review pension plan funding and solvency valuations and support the development of cash funding strategies.
• Support reviews of pension plan design, including researching competitive market information to assist in policy decisions and analyzing the implications of policy changes.
• Assist with preparing communication and education materials to support employee understanding and decision-making.
• Assist with preparing presentation materials related to plan decisions and strategy for internal stakeholders and management.
• Coordinate and manage the preparation of materials for the various pension fiduciary and governance committee meetings and – as required – participate in these committees, whether as a member, an observer, or as Secretary.
• Coordinate and manage the preparation and maintenance of plan documentation, including plan texts, amendments, etc.
• Support special projects such as due-diligence activities, stress testing, ALM studies, annuity purchases, lump sum offerings, and other ad hoc projects.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have: 

• Strong understanding of pension principles, programs and delivery systems, and funding and accounting valuations.
• Experience supporting the implementation and maintenance of pension plan governance frameworks.
• Strong analytical and problem-solving skills, with the ability to perform in-depth analysis.
• High degree of initiative and sound judgment.
• Excellent oral and written communication skills.
• Strong computer skills (Microsoft Excel, PowerPoint, Word, etc.).
• 5+ years of relevant experience working with pension plans.
• University degree in mathematics, actuarial science, or a related field.
• Progress toward an actuarial designation is considered an asset.

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.