Manager, Model Risk Management
2 weeks ago
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.
- 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 is an Equal Opportunity Employer**
**Primary Location**
Toronto, Ontario
**Working Arrangement**
Hybrid
**Salary range is expected to be between**
$84,375.00 CAD - $151,875.00 CAD
Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short
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