Manager - Model Risk Management-

2 days ago


Old Toronto, Canada Manulife Insurance Malaysia Full time
h3>Manager, Model Risk Management

Apply locations: Full time
Posted on: Posted Yesterday
Time left to apply: End Date: January 14, 2025 (11 days left to apply)
Job requisition id: JR24101546

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. This position is based in the Toronto Head Office and reports to the Head of GWAM Model Risk Management.

  1. Assess the model's adequacy and appropriateness for stated objectives and assumptions, general practice, and company policies.
  2. Evaluate potential model risks related to embedded assumptions vs. target applications and model implementation limitations, recommending risk mitigation measures as necessary.
  3. Document model validation outcomes and communicate findings to stakeholders and model risk leaders.
  4. Ensure business units comply with the Model Risk Policy, providing adequate documentation for independent validation and governing the entire model lifecycle.
  5. Participate in the annual model materiality refresh and inventory attestation process.
  6. Provide mentorship to junior staff.
  7. Participate in ad-hoc projects as needed.

Required Qualifications:

  1. Master’s or PhD degree in a quantitative discipline (Math, Finance, Economics, Physics, Engineering, etc.)
  2. 3 years of experience in financial mathematics modeling with expertise in stochastic and other numerical techniques.
  3. Proficiency in quantitative modeling of interest rates, inflation, foreign exchange rates, equities, and commodities for derivative pricing and risk computation.
  4. Programming skills in VBA, C, SQL, Excel, MATLAB, or Python.
  5. Proven organizational, team-building, and relationship-building abilities across business functions; li>
  6. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. p>

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.



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