2027 Canada Winter Co-op - Global Hedging, Variable and Indexed-Linked Products

Manulife Financial; Toronto; Hybrid; CAD 45,000 - 62,000; Full time

Benefits offered by this job

Competitive salary

Benefits package

Career development

Hybrid work arrangement

Work-life balance

Job summary

Manulife Financial is seeking an intern for the Global Hedging – Variable and Indexed-Linked Products team in Toronto. You will map risk exposures, learn hedging strategies, and work with real-time market data in a collaborative environment.

You will contribute to strategic hedging initiatives, gain hands-on experience in risk analysis and financial derivatives, and grow through hands-on exposure in a global investment setting.

Qualifications

• Pursuing an undergraduate degree in business, mathematics (preferably financial modelling) or actuarial science.
• Detailed oriented and organized individual.
• Good verbal and written communication skills.

Responsibilities

• Produce aggregate exposure reports used to support hedging programs.
• Leverage Bloomberg and Reuters market data applications to classify securities and keep data up-to-date.
• Produce ad-hoc risk exposure reports for ETFs and mutual funds hedged as part of the program.

Skills

Undergraduate degree scope

Detail oriented

Strong communication

Education

Undergrad degree in business/math/actuarial

Tools

Bloomberg

Reuters

Job description

Are you curious about financial markets and eager to learn how global insurance companies manage risk? Join Manulife’s Global Hedging – Variable and Indexed-Linked Products team as an Intern, where you’ll work alongside experienced professionals, gain hands‑on exposure to managing financial risks, and contribute to innovative solutions that make a real impact.

The Global Hedging - Variable and Indexed-Linked Products (GHVILP) team is part of the Global Asset Liability Management function within the General Account. The team is responsible for establishing and managing global hedging programs at Manulife. The program currently manages both the company’s balance sheet equity risk through the Macro program and the market risks associated with variable annuity (VA) and indexed universal life (IUL) products.

As an intern, you’ll play a key role in the daily risk exposure mapping processes that drive our hedging programs. This is a unique opportunity to explore hedging strategies, risk analysis, and financial derivatives in a global investment environment.

We’re looking for someone who is curious, detail‑oriented, and eager to learn—ready to contribute in a collaborative environment and grow through hands‑on experience.

Responsibilities

• Produce aggregate exposure reports used to support our internal hedging programs

• Leverage Bloomberg and Reuters market data applications to:

  • Ensure individual securities are correctly classified in the internal fund mapping application

  • Ensure security classification data remains up‑to‑date and reflective of most recent corporate actions and other market related impacts

  • Produce ad‑hoc risk exposure reports for exchange traded funds and mutual funds hedged as part of the program

How will you create impact?

There are two sub‑groups withinGlobal Hedging - Variable and Indexed-Linked Product: Strategy and Actuarial Modeling.This internship is within the Strategy group.The Strategy group is responsible for the hedging assets and is headed by the Director, Global Hedging – Variable and Indexed‑Linked Products Strategy. The Strategy group’s primary responsibility is to identify our risk exposures and design robust hedging strategies to mitigate market risks. The Strategy group is also responsible for the monitoring and high‑level reporting on the performance of all aspects of the group’s hedging programs.

The VA and IUL programs are high profiles within the company and attract positive attention to high performing team members. The nature of the work is very practical, ultimately leading to trades in the market.The work in the Strategy group is generally on the boundary of Front and Middle office roles in a traditional investment banking group.

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.

• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

• You thrive in teams and enjoy getting things done together.

• You take ownership and build solutions, focusing on what matters.

• You do what is right, work with integrity and speak up.

• You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

• Pursuing an undergraduate degree in business, mathematics (preferably financial modelling) or actuarial science

• Detailed oriented and organized individual

• Good verbal and written communication skills

What can we offer you?

• A competitive salary and benefits packages.

• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.

• A focus on growing your career path with us.

• Flexible work policies and strong work‑life balance.

• Professional development and leadership opportunities.

Our commitment to you

• Values‑first culture
  We lead with our Values every day and bring them to life together.

• Boundless opportunity
  We create opportunities to learn and grow at every stage of your career.

• Continuous innovation
  We invite you to help redefine the future of financial services.

• Delivering the promise of Diversity, Equity and Inclusion
  We foster an inclusive workplace where everyone thrives.

• Championing Corporate Citizenship
  We build a business that benefits all stakeholders and has a positive social and environmental impact.

Salary range is expected to be between:

$44,850.00 CAD - $62,400 CAD

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. The annual salary will be pro‑rated based on the length of the work‑term.

#LI-Hybrid

This posting supports an ongoing hiring initiative for existing and/or future vacancies.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.

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 [e-mail].

Working Arrangement

Hybrid