This role offers a unique opportunity to be a senior member of the Group Model Risk Management team, focusing on validating models in the Global Wealth Management Segment. As the Manager, Model Risk Management, you will significantly contribute to our mission by ensuring model effectiveness, supporting risk measurement, investment strategy development, asset liability management, and regulatory reporting. In return, you will benefit from a competitive salary, professional development, and a supportive, inclusive work environment. This position is based in the Toronto Head Office and reports to the Head of GWAM Model Risk Management.

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.

- 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 annual model materiality refresh and inventory attestation process.

- Provide mentorship to junior staff.

- Participate in ad-hoc projects as needed.

Required Qualifications:

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

- 3 years 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.

- Programming skills in VBA, C, SQL, Excel, MATLAB, or Python.

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

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

Preferred Qualifications:

- Previous model validation experience.

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

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 [email protected].

Toronto, OntarioHybrid

Salary range is expected to be between

$84,375.00 CAD - $151,875.00 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.