Manager Quantitative Analysis & Modeling

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Working Arrangement

Hybrid

Manager, Derivative and Asset Modeling

The Derivative and Asset Modeling team provides quantitative modeling and analysis to support various business units within investment division and Manulife asset management.

This team is part of the Models & Analytics group whose mandate is to support the Global Variable Annuity Hedging, US, Canadian and Asia Portfolio Management and Trading, Global Asset and Liability Management, Derivatives Strategy (Front Office), and Global Investment Strategy. The role has accountability and responsibility for developing models and analytics for derivative pricing and valuation.

Responsibilities

• Provide an ongoing review, assessment or monitoring of model performance over time.
• Provide derivative modeling, FINDUR curve and model implementation, and quantitative support.
• Work with Model Validation team to prepare model validation submission and address identified validation issues.
• Work directly with traders and portfolio managers to develop the required valuation curves and derivative/asset pricing tools to support their trading activities.
• Assist the AVP in project planning and implementing
• Build internal derivative valuation library in Python for Mark-to-Market calculation, sensitivity simulation, scenario generation, etc.

Qualifications

• Excellent knowledge of a sophisticated computer programming language (e.g., Python, VB/VBA, C/C++, Matlab, etc). Object-oriented programming experience is preferred.
• Ability to communicate effectively (oral and written) and build strong working relationships
• Minimum three years of modeling or relevant model development experience in the financial services industry
• Sophisticated knowledge and experience in stochastic modeling, as well as other numerical techniques, particularly, optimization techniques
• Strong background in quantitative finance and contingent claim theory, and be familiar with market conventions, the pricing of fixed income, interest rate and equity derivative investments
• Experienced user/quick leaner of valuation, market data and trading systems (e.g., FINDUR, Numerix/Fincad, Bloomberg, etc.)
• Ability to lead projects from start to finish with minimum supervision
• Strong interpersonal and team building skills
• Advanced degree or professional designation in Finance, Mathematics, Physics, Engineering, Statistics, Science or Actuarial Science (minimum Master’s degree, PhD preferred)
• Hands-on self-starter who can analyze a problem, research and develop a solution and follow through on the implementation
• Ability to prototype models and methodologies on a computer system platform
• Consistent track record to conceptualize solutions to sophisticated technical issues

About Manulife And John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

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

$82,500.00 CAD - $148,500.00 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.