Manager, Asset Liability Management - Toronto, Canada - Manulife

Manulife

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

_Are you looking for a supportive, collaborative workplace with great teams and inspiring leaders? You've come to the right place. We're looking for ambitious people who share our values and want to make every day better for people around the world. If this sounds like you, and the career below sounds exciting, we'd like to hear from you. _

Working Arrangement
Hybrid

The Global Asset Liability Management (GALM) team is responsible for managing the financial market risks within the General Account and Variable Annuity businesses, including the development of investment and risk management strategies to support the company's business and financial objectives.

The Risk Modeling Team will be responsible for building, maintaining, and enhancing models to generate liability sensitivities in support of GALM's mandate to manage the company's market risk exposures.

The new team's primary objective is to modify existing, or create new liability models to be more efficient, flexible, and that can produce market sensitivities as needed to support market risk forecasts and hedging decisions.

The requisite skill sets of the Risk Modeling Team members will include:

Segregated fund and/or variable annuity modeling
Pathwise, Python, AXIS, or similar coding experience
Solid understanding of option pricing theory
Familiarity with life insurance products, specifically Participating and Universal Life products

The team will work closely with other members of the GALM team, Group Actuarial, the business units, Financial Risk Management, and IT to review and enhance (or build mew) models as needed.

An Oversight Working Group will support the team's progress by helping to prioritize work, answering questions, and removing obstacles.

The Manager for the Risk Modeling Team will support the model development work. The position can be based in Toronto, or Boston.

Responsibilities:

Evaluate the existing tools used to generate liability information used in the market risk management processes.
Recommend enhancements to existing models, or recommend new models, that will support more frequent model updates. For example, the models will ultimately need to quantify liability exposures as needed based on changing market conditions and/or changes in liability assumptions.
Execute the recommended model changes using efficient tools and processes
Collaborate with Businesses and other stakeholders to review the models and results from those models to ensure they accurately reflect the underlying risk exposures.
Work with the GALM teams to leverage existing risk management tools and/or recommend new tools to support a more frequent risk management process.

Qualifications:

Segregated fund and/or variable annuity modeling
Pathwise, Python, AXIS, or similar coding experience
Solid understanding of option pricing theory
Solid understanding of insurance company assets (fixed income, alternative investments, derivatives), liabilities (insurance and wealth management products and their characteristics), and asset/liability modelling
FSA/FCIA with investment experience, or Masters in a quantitative field, or CFA/PRM/FRM, or other relevant risk management designation
Minimum of 5 years working experience in a financial/investment risk management environment
Strong communication skills, both in written form and orally
Strong problemsolving skills
Drives projects forward in a dynamic environment

What can we offer you?

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

Our commitment to you

Valuesfirst culture

We lead with our Values every day and bring them to life together.

Boundless opportunity

We build opportunities to learn and grow at every stage of your career.

Continuous innovation

We invite you to help redefine the future of financial services.

Delivering the promise of Diversity, Equity and Inclusion

We foster an inclusive work environment where everyone thrives.

Championing Corporate Citizenship

We build a business that benefits all stakeholders and has a positive social and environmental impact.

About John Hancock and Manulife

Manulife is an Equal Opportunity Employer

Salary & Benefits

The annual base salary for this role in the primary location of Toronto, Ontario is expected to be between $82,500.00 CAD - $148,500.00 CAD.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short