Derivatives Modeling Quant | Co-op (Hybrid)

Manulife Financial; Toronto; Hybrid; CAD 57,000 - 72,000; Part time

Job summary

Manulife Financial in Toronto is seeking a Quantitative Analyst Co-op to contribute to derivative and asset modeling, valuation tools, and risk analytics. The role supports Front Office and Global Investment Strategy with involvement in model development and data analysis.

The ideal candidate is pursuing an advanced degree in a quantitative field and has strong programming skills (Python/C++/MATLAB). A hybrid work setup is offered, with salary in CAD and a focus on timely delivery and

Qualifications

• Advanced degree or professional designation in Math, Finance, Physics, Engineering, Statistics, Actuarial Science (masters at minimum).
• Solid understanding in quantitative finance and contingent claim theory; familiarity with pricing fixed income, interest rate and equity derivatives.
• Strong programming experience in Python, C/C++, MATLAB, VB/VBA; OO programming preferred.
• Experience in stochastic modeling and numerical techniques, particularly optimization.
• Hands-on self-starter who can analyze problems, research, develop solutions and implement them.
• Demonstrated ability to conceptualize solutions to complex technical issues.
• Sense of urgency and ability to meet tight deadlines.
• Excellent verbal and written communication; build strong working relationships.

Responsibilities

• Support development and enhancement of valuation curves, derivative and asset models, and pricing tools.
• Assist in monitoring, review, and performance assessment of models and curves.
• Support maintenance of internal tools, curve database, and model inventory.
• Contribute to ad hoc initiatives and projects across model development, validation, and implementation.
• Support market data research, analysis, and validation efforts.

Skills

Python

C/C++

MATLAB

VB/VBA

Stochastic modeling

Quantitative finance

Optimization

Self-starter

Communication

Education

Advanced degree or professional designation in Math, Finance, Physics, Engineering, Statistics, Actuarial Science

Job description

Manulife Financial in Toronto is seeking a Quantitative Analyst Co-op to contribute to derivative and asset modeling, valuation tools, and risk analytics. The role supports Front Office and Global Investment Strategy with involvement in model development and data analysis.

The ideal candidate is pursuing an advanced degree in a quantitative field and has strong programming skills (Python/C++/MATLAB). A hybrid work setup is offered, with salary in CAD and a focus on timely delivery and