Model Risk Management Jobs in Quebec (NOW HIRING)

The Senior Analyst, Model Risk Management is a member of the Group Model Risk Management team, which is responsible for validating models related to economic capital, Asset Liability Management (ALM), and Global Variable Annuity Hedging. Reporting to the Director of Model Risk Management, this position is based in the Toronto Head Office.

The incumbent is responsible for determining and assessing the acceptability of models, identifying potential model risks, testing model implementation, and providing general consulting advice to relevant business units as needed.

The Senior Analyst, Model Risk Management is a member of the Group Model Risk Management team, which is responsible for validating models related to economic capital, Global Asset Liability Management (GALM), and Global Variable Annuity Hedging (GVAH). Reporting to the Director of Model Risk Management, this position is based in the Toronto Head Office.

Position Responsibilities:

• Assess the model's adequacy and appropriateness for stated objectives and assumptions, general practice, and company policies.

• Ensure submitted models are mathematically sound, follow industry standards, are implemented correctly, and perform adequately. Conduct independent research and develop benchmark models where needed to validate core analytics of submitted models.

• Evaluate potential model risks related to embedded assumptions vs. target applications and model implementation limitations, recommending risk mitigation measures as necessary.

• Document model validation outcomes and communicate findings to stakeholders and model risk leaders.

• Ensure business units comply with the Model Risk Policy, providing adequate documentation for independent validation and governing the entire model lifecycle.

• Participate in the model inventory process.

• Participate in ad-hoc projects as needed.

Required Qualifications:

• Master's or PhD degree in a quantitative discipline (Math, Finance, Economics, Physics, Engineering, etc.)

• 1 year or more of experience in financial mathematics modeling with expertise in stochastic and other numerical techniques.

• Proficiency in quantitative modeling of interest rates, inflation, foreign exchange rates, equities, and commodities for derivative pricing and risk computation.

• Strong programming skills in MATLAB, C++, VBA or Python.

• Strong analytic, problem-solving, communication, and documentation skills.

• Knowledge in financial derivative valuation

• Proven organizational, team-building, and relationship-building abilities across business functions; team player.

• Bilingualism (English and French) is a strong asset. If the successful candidate is in Quebec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.

Preferred Qualifications:

• Previous model validation experience.

• CFA or FRM/PRM

When you join our team:

• We'll empower you to learn and grow the career you want.

• We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we'll support you in shaping the future you want to see.

#LI-Hybrid

The role being advertised is an existing vacancy.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

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 hr@manulife.com.

Referenced Salary Location

Salary range is expected to be between

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.

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 hr@manulife.com for more information about U.S.-specific paid time off provisions.

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