Senior Manager - Insurance Investment Management

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Finance

Pay Details:

$115,600 - $163,200 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:

TDBG Description
TD is a great organization powered by great people who want to make a difference every day. Our over 100,000 employees world-wide are a big part of what makes TD stand out from any other organization. Every day, we deliver legendary customer and client experiences to our approximately 28 million customers. We're an award-winning organization that reinvests constantly to ensure future growth.

We're recognized as an extraordinary place to work that embraces diversity, where everyone is respected and valued. TD is the sixth largest bank in North America, with many exciting and challenging career opportunities in our four key businesses:

• Canadian Personal and Commercial Banking - including TD Canada Trust and TD Insurance
• Wealth Management - including TD Waterhouse and TD Asset Management
• U.S. Personal and Commercial Banking - including TD Bank, America's Most Convenient Bank
• Wholesale Banking - including TD Securities

Department Overview
The Treasury and Balance Sheet Management (TBSM) function is responsible for managing market and liquidity risks across TD’s domestic and international banking operations.

The Insurance Investment Management team oversees the strategy, governance, and reporting of investment portfolios supporting TD’s General Insurance, Life and Health, and Reinsurance businesses, with approximately $9 billion.

Role Overview

This Senior Manager role provides strategic leadership and technical expertise across TD’s insurance investment portfolios. The position is responsible for shaping investment strategy, optimizing portfolio construction, strengthening investment governance, and supporting effective decision‑making across the insurance businesses. The role works closely with senior stakeholders and governance committees and plays a key role in advancing portfolio performance, capital efficiency, and risk management.

Key Accountabilities

• Provide senior‑level investment thought leadership, contributing to strategic direction, portfolio construction, and long‑term insurance investment initiatives.
• Lead the optimization of insurance investment portfolios, evaluating risk‑return tradeoffs, capital efficiency, liquidity resilience, and alignment with liability and regulatory characteristics.
• Research, evaluate, and implement new asset classes and investment strategies, including development of approval recommendations and establishment of appropriate governance, portfolio guidelines, performance measurements, and reporting frameworks.
• Own investment policy governance documentation, encompassing the development, interpretation, and maintenance of credit limit frameworks and Statements of Investment Policies and Procedures.
• Serve as a key point of contact for stakeholders, clearly communicating insurance investment strategy, performance, and risk considerations to executive management and investment committees.
• Build strong cross‑functional relationships with actuarial, finance, risk, capital management, and business teams, as well as with external managers and advisors.
• Provide subject matter expertise on insurance investment accounting and financial reporting, including review and challenge of investment results, valuation approaches, and disclosures, in support of accurate and timely financial reporting.
• Prepare and present high‑quality investment materials and recommendations for senior stakeholders and governance forums, ensuring clarity, analytical rigor, and alignment with strategic objectives.
• Oversee portfolio management activities, including portfolio rebalancing, investment and risk reporting, net investment income forecasting, and other ongoing business processes.
• Contribute to broader organizational responsibilities, including compliance, regulatory engagement, and financial reporting processes.

Specific Educational Requirements and Accreditations:

• Professional investment or risk designation (e.g., CFA, FRM, CAIA) or equivalent institutional investment experience required.
• Additional actuarial credentials (e.g., FSA or ASA) are considered an asset.

Required Qualifications, Skills and Experience:

• 10+ years of institutional investment experience, including insurance investment portfolio management, asset‑liability management, and balance‑sheet investing.
• Experience overseeing multi‑asset insurance portfolios, with a focus on risk‑return trade‑offs, capital efficiency, liquidity, and liability alignment.
• Experience with investment governance, including investment policies and Board or investment committee reporting in a regulated environment.
• Strong ability to partner with Actuarial, Finance, Risk, and Capital Management teams, including oversight of investment reporting and controls.
• Proven ability to communicate insurance investment strategy, performance, and risks to senior executives and governance forums.

Work activities include a blend of highly collaborative activities and individual deliverables. Individuals are expected to be onsite 4 days a week. Colleagues may spend more or less days in office as required by the business line.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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