VP Liquidity & Subsidiary Management

The Head of Liquidity and Subsidiary Management is responsible for the strategic oversight and day-to-day management of all Treasury and Capital Management activities related to Manulife’s legal entities. This role is critical for optimizing internal capital and cash deployment across subsidiaries and managing the group-wide liquidity and structural foreign exchange risk.

Position Responsibilities:

Individual Accountabilities:

• Oversee the local capital and liquidity management of Manulife’s legal entities, ensuring that remittances meet targets and both remittances and liquidity risk are managed effectively, including the use of stress testing analysis.
• Manage global liquidity and structural foreign exchange risk positions, develop and implement a comprehensive global liquidity framework, investment strategies for liquidity pools, and strategies for contingent liquidity and forex risk management.
• Collaborate with Group Risk to develop capital and liquidity targets and metrics for subsidiaries, monitor adherence, and proactively address challenges and solutions.
• Support local management in regulatory discussions affecting the remittability of subsidiaries.

Shared Accountabilities:

• Ensure data integrity, adherence to targets, and remittability improvements in collaboration with Business Units.
• Develop risk-related policies and metrics, and ensure liquidity and forex risk reporting and compliance in partnership with Group Risk Management.
• Collaborate with other Treasury and Capital Management teams to develop and execute local capital and liquidity management strategies.

Decision Authorities:

• Drive the deployment of Manulife’s capital and cash across legal entities with necessary approvals from key stakeholders (Legal, Tax, Accounting, Business Unit).
• Recommend policies and processes for managing remittances, liquidity, and structural foreign exchange risk for approval by GALCO, Capital Outlook, the Board, and its committees.
• Promote innovative solutions for cost-effective internal movements of capital and cash.
• Oversee daily funding operations to ensure timely payments of external capital, debt, dividends, and related intercompany transactions.
• Lead Parental Standalone (Solo) capital management and reporting.
• Develop and maintain governance structures for stakeholder input and approvals, including managing the Subsidiary Capital Transactions Committee.
• Lead a team of Capital and Treasury professionals, focusing on talent development and team engagement.

Key Performance Goals/Measurements:

• Achieve remittance and liquidity targets as approved by the Board and Executive Committee (EC).
• Successfully complete projects to improve the Company’s remittability and efficiency of liquidity management.
• Execute transactions in a cost-effective manner.

Key Metrics:

• Meet remittances and Organic Capital Generation targets.
• Achieve various liquidity metrics.
• Collaboration
• Executing with Excellence

Required Qualifications:

• Minimum of 15 years of experience in the financial services industry, including at least 3 years in an executive financial role.
• Strong academic background in Finance, preferably with a CFA designation.
• Extensive knowledge of financial markets and regulations.
• Strategic thinker with excellent analytical skills.
• Results-oriented, with a proven track record of executing complex enterprise-wide initiatives.
• Self-starter capable of leading cross-functional teams.
• Proven leadership abilities, with experience managing a team of 15+ professionals.

Preferred Qualifications:

Key Leadership Behaviors:

• Strategic Visioning
• Inspiring Commitment
• Building and Leading Teams

Key Competencies:

• Innovative Mindset
• Global Perspective

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.