Analyst, global asset liability management

Société Financière Manuvie; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Analyst for its Global Asset Liability Management team. This role involves assessing ALM-related risks and developing strategies to optimize returns while managing risk. You'll work closely with a diverse group of professionals, enhancing systems and processes that support the company’s financial objectives. The position offers a dynamic environment where your analytical skills will shine, and your contributions will directly impact the company’s success. Join a collaborative team that values growth, well-being, and inclusion, and take your career to the next level in the financial sector.

Benefits

Flexible work environment

Career growth opportunities

Support for well-being and inclusion

Qualifications

• 2+ years in financial/investment risk management with strong quantitative skills.
• Experience with ALM strategies, fixed income, and derivatives is essential.

Responsibilities

• Enhance ALM systems and streamline processes while ensuring timely reporting.
• Analyze asset movements and support interest rate risk forecasting.

Skills

Quantitative Finance

Mathematics

Communication Skills

Analytic Skills

Problem-Solving Skills

Education

ASA/ACIA

Masters in a Quantitative Discipline

CFA/PRM/FRM

Tools

ALM Systems

IFRS9/IFRS17

Job description

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.