Analyst, Credit Risk Management

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

This position will play a prominent role in the Credit Risk Management (CRM) group’s responsibility to develop, modify and provide credit risk oversight, through partnership with subject matter experts across the organization. This role will focus on ensuring the risk appetite, proper controls, accountabilities, and authorities, are clear and concise and aligned with the risk statements provided by management and the Manulife Board.

Responsibilities

• Identify and eliminate gaps in current state of policies and procedural documentation. Research, share and implement credit risk management best practices
• Take the lead or provide support with special requests from OSFI, credit rating agencies, Senior Management, etc.
• Maintain oversight of credit and credit related products that impact the Asia business (for example investments in Sovereign Owned Entities and regional and local governments)
• Support the growth of the General Account portfolio in Asia
• Participate in joint Credit Risk/Financial Risk/IT Management projects, in order to develop reports and analysis for Senior Management
• Complete various ad-hoc projects as required and assist with the day-to-day activities performed by CRM
• Conduct Financial and Data Analysis
• Aid in the development and maintenance of the organization’s credit risk framework (i.e. investment guidelines, policies, procedures, documentation, limits, rating methodologies, etc.) on a timely basis
• Help maintain the Credit Risk Framework for the General Account Business
• Assist in the preparation of the Credit Committee (CC) materials (such as agenda and minutes), review material submitted and assist in the timely circulation of CC material packages to CC members
• Assist with the review and updating of investment guidelines / investment policies for the various Asian subsidiaries
• Assist with miscellaneous activities performed by CRM, such as: ad hoc stress testing
• Keep up-to-date on market developments which may impact Manulife’s investment portfolio
• Assist with the ongoing stress testing of the General Account portfolio
• Oversee the growth of and any investment shifts in the General Account portfolio in the various Asian jurisdictions (for example ongoing shift from government to corporate bonds)
• Undertake ongoing and ad hoc General Account portfolio data analysis, presenting data as information using PowerPoints, dashboards, Power BI reports, etc.
• Support the credit function and framework in conjunction with portfolio growth. General Account invested assets include: fixed income, commercial mortgages, public equities and alternative long-duration assets (i.e. real estate and other invested assets)
• Conduct financial analysis of corporations, to determine financial performance, balance sheet strength, liquidity, cash flow generating ability and investment suitability

What We Are Looking For

• Working knowledge of MS Office (Excel, PowerPoint, Word, Access) and PowerApps.
• Degree in business, economics, accounting or actuarial science (or related discipline)
• Recent graduate, with up to 2 years of work experience in credit risk management or asset/investment management
• Strong communication skills (oral and written), as well as solid presentation skills; collaborative approach and strong interpersonal skills
• Understanding of finance and accounting principles.
• Ability to understand a wide variety of complicated investment products.
• Excellent technical, analytical and problem-solving skills; ability to deal with large amounts of information and to summarize effectively
• Ability to summarize a large amount of information into concise reports and presentations for senior management
• Strong prioritization skills and ability to multi-task in a fast-paced environment

What motivates you?

• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You share your humanity, helping us build a diverse and inclusive work environment for everyone.
• You obsess about customers, listen, engage and act for their benefit.
• You take ownership and build solutions, focusing on what matters.
• You do what is right, work with integrity and speak up.
• You thrive in teams and enjoy getting things done together.

What can we offer you?

• Flexible work policies and strong work-life balance.
• A focus on growing your career path with us.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A competitive salary and benefits packages.
• Professional development and leadership opportunities.

Our commitment to you

• Continuous innovation We invite you to help redefine the future of financial services.
• Boundless opportunity We create opportunities to learn and grow at every stage of your career.
• Values-first culture We lead with our Values every day and bring them to life together.
• Championing Corporate Citizenship We build a business that benefits all partners and has a positive social and environmental impact.
• Delivering the promise of Diversity, Equity and Inclusion We foster an inclusive workplace where everyone thrives.

Every career at Manulife/John Hancock provides the opportunity to learn new skills and move your career forward. Ready to make an impact somewhere? What are you waiting for? Apply today.

About John Hancock And Manulife

John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location

Toronto, Ontario

Salary range is expected to be between

$58,650.00 CAD - $97,750.00 CAD

If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [email protected] for more information about U.S.-specific paid time off provisions.