Director, LDI & Advisory Solutions

Posted:
10/31/2024, 5:00:00 PM

Location(s):
Delaware, United States ⋅ Montreal, Quebec, Canada ⋅ Ontario, Canada ⋅ Quebec, Canada ⋅ Toronto, Ontario, Canada

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

MANULIFE INVESTMENT MANAGEMENT

Manulife Investment Management is the asset management arm of Manulife Financial Corporation, a global financial institution that has protected investor assets since 1887. We’re passionate about providing solutions; with leading capabilities in public and private markets, we partner with institutions to understand their needs and create tailored solutions to help meet them. We take a specialist approach; our focused teams are led by industry veterans with decades of experience managing their strategies on behalf of investors — an approach that’s led to a culture of investment excellence and highly differentiated strategies across asset classes. We’re committed to investing responsibly; we develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our public market portfolios, and maintain a high standard of stewardship where we own and operate assets.

MULTI-ASSET SOLUTIONS TEAM (MAST)

The Multi-Asset Solutions Team (MAST) is tasked with the design, delivery, and management of bespoke cross-asset class investment solutions within Manulife Investment Management.  MAST capabilities range from asset allocation, advisory, outcome oriented and equity & fixed income beta solutions, including target date, target risk, liability-driven investing, outsourced chief-investment officer, income, index replication and systematic beta.  The team will utilize direct securities, proprietary and non-proprietary public and private markets strategies to construct solutions which are offered to retirement, retail, and institutional investors across the globe.  Located in Boston, Toronto, Montreal, London, Singapore and Hong Kong, MAST has over 60 investment professionals with a wide range of expertise.

The Multi-Asset Solutions Team currently manages approximately $203 billion (CAD) across retirement, retail, institutional and high net worth channels.

ROLE SUMMARY

Working as part of the Multi-Asset Solutions Team (MAST) and reporting to the Head of Investment Strategy, LDI and Advisory Solutions the Director, Investment Strategist, is responsible for coordinating the implementation and management of custom liability driven investment solutions as well as preparing analyses to support asset allocation and asset/liability solutions advice to institutional clients and contribute to the growth of the overall multi-asset solutions business.

KEY RESULTS

  • Engage actively in the implementation, management, and oversight of custom LDI solutions.

    • Develop and review client LDI solutions in a timely manner.

    • Model client liabilities and establish custom benchmarks.

    • Monitor and adjust client mandates to align with investment strategies and objectives.

    • Document mandates and parameterize them in our proprietary modeling system.

    • Ensure the quality and consistency of client mandates and solutions.

    • Collaborate closely with Portfolio Managers to ensure portfolios meet client objectives across all custom solutions.

  • Provide analyses and insights to support strategic advice on investment solutions to current institutional clients and prospects.

    • Conduct asset allocation and ALM studies.

    • Maintain the quality and clarity of presentations for clients and prospects.

    • Provide internal support with investment, actuarial, and risk management advice to assist sales, client servicing, and marketing teams.

  • Work closely with Investment Analysts to produce high-quality results efficiently and within deadlines.

    • Oversee mandate reviews, analyses, and projects.

    • Verify the work completed by analysts.

    • Offer support, guidance, training, and mentoring.

    • Identify opportunities to enhance tools, processes, and controls for increased efficiency.

    • Ensure that process documentation is current and accurate.

  • Collaborate with Portfolio Managers and Investment Strategists.

    • Participate in projects, client meetings, RFPs, and ad hoc client requests.

    • Deliver proactive and timely responses to client needs.

    • Offer thought leadership, innovative ideas, and strategies to enhance and expand the business.

    • Engage actively in MAST Research Hubs.

    • Contribute to the development and implementation of value-added strategies in LDI and systematic strategies.

  • Coordinate within MAST and across broader Manulife Investment Management teams and distribution partners as needed.

Bilingual (French & English) is required - The successful candidate will be required to communicate in English and French to support clients from various jurisdictions outside of Quebec.

REQUIREMENTS: (EDUCATION, DESIGNATION)

  • Actuarial designation (FCIA, FSA, ASA, etc.) or graduate degree in a quantitative field.

  • Minimum of 10 years of experience in institutional investment solutions, asset/liability management, insurance or pension consulting, or related fields.

REQUIREMENTS: CORE COMPETENCIES:

  • In-depth expertise in asset allocation, portfolio construction methods, and asset-liability stochastic projections.

  • Extensive familiarity with both public and private asset classes, as well as financial products and derivatives.

  • Solid understanding of pension and insurance regulations, along with funding and pricing techniques.

  • Proficiency in programming languages such as Python, Matlab, SQL, and/or VBA.

  • Advanced knowledge of Microsoft Office applications.

  • Excellent communication abilities.

  • Fluency in both written and spoken English and French.

  • Demonstrated leadership skills and the ability to work effectively as part of a team.

  • Capability to handle multiple tasks and meet tight deadlines.

  • Strong skills in time management and planning.

  • Customer-centric approach.

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.

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].

Primary Location

CAN, Quebec, Montreal, 900 Boulevard de Maisonneuve Ouest

Working Arrangement

Hybrid

Salary range is expected to be between

$116,000.00 CAD - $179,000.00 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.