Analyst, Global Asset Liability Management

Description - Analyst, Global Asset Liability Management

Manulife's Investment Division manages the Company's General Fund on-balance sheet assets. The Division manages a broad range of investments including public and private bonds, public and private equities, mortgages, real estate, oil and gas, infrastructure, timberland, farmland. The Division has physical presence in key international financial centres, including the United States, Canada, Hong Kong, Japan, the United Kingdom, Australia and throughout Southeast Asia.

The Global Asset Liability Management group plays a leadership role in the identification and assessment of ALM related risks globally, along with the development of investment and risk management strategies to support the company’s business and financial objectives.

Reporting to the Manager, Global Asset Liability Management, the incumbent will play an important role in the identification and assessment of ALM related risks, and gain exposure to risk management. The main responsibilities include enhancing ALM systems, reporting and operations processes, supporting interest rate risk forecast, assisting the analysis, design and implementation of value-added investment strategies as well as various return/risk optimizing initiatives. The incumbent will work closely with professionals and management from the Investments division, Business Unit valuation areas and Group functions (actuarial, risk, tax, controllers, Treasury).

Position Responsibilities:

• Ensure the integrity, completeness, and timely production of operational activities and reports and manage efficiency;
• Continuously enhance and streamline ALM systems, processes and reports; This will include the enhancement of various methodologies employed to obtain economic and accounting risk metrics under IFRS17;
• Analyze and explain the movement for various assets and key metrics (Duration gap, earning risk, VaR etc.) due to interest rate changes;
• Manage business requirements, requests, and other emerging issues that impact asset management (such as new business, reinsurance transactions, corporate restructuring, acquisitions and integration, capital management, liability segmentation etc.) that have the potential to materially impact earnings and other key risk metrics;
• Support the interest rate risk forecast and provide senior management with updated risk position and market driven gain/loss analysis;
• Support other ALM teams for the development of liability driven investment strategies and hedging strategies to ensure optimized balance of return and risks;
• Support other ALM teams for various balance sheet management tactical initiatives;
• Build strong working relationships with investment team, business units and group areas to effectively execute responsibilities.

Required Qualifications:

• ASA/ACIA with investment experience or Masters in a quantitative discipline, finance or CFA/PRM/FRM or other relevant risk management experience
• Minimum 2 years working experience in a financial/investment risk management environment
• Excellent quantitative finance and/or mathematics skills
• Strong knowledge of fixed income, derivatives and ALM strategies, modelling and methodologies
• Prior ALM or other experience in a financial/investment risk management environment is an asset
• Ability to work in ever-changing environment with minimal guidance and to produce high quality reports with tight deadlines
• IFRS9/IFRS17 knowledge/experience is an asset
• Strategic thinker with excellent analytic and problem-solving skills
• Strong communication skills

Problems/Challenges:

• A key challenge of the role involves the steep learning curve and having the ability to deal with complex investment concepts / valuation models
• Well organized and process oriented with ability to handle multiple tasks and tight deadlines.

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 recruitment@manulife.com.

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com 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 recruitment@manulife.com for more information about U.S.-specific paid time off provisions.