Director Financial Risk

Manulife; Southwestern Ontario; Hybrid; CAD 125,000 - 175,000; Full time

Job summary

Manulife Financial Corporation's Financial Risk Oversight team, based in Canada, provides independent oversight of market and liquidity risk across Group Risk Management, including Manulife Bank. The role collaborates with Bank Risk and the General Account to address key market and liquidity risks.

You will monitor risk, review policies, assess stress testing, and support leadership in risk-informed decision making across segments and internal partners.

Qualifications

• Advanced degree in Finance or quantitative field.
• FRM and/or CFA designation an asset.
• Ability to communicate effectively (oral and written) and influence outcomes.
• Self-starter with minimal guidance.
• Minimum 5 years’ experience in financial services (Treasury, Retail Banking and Insurance).
• Outstanding analytical and conceptual skills.
• Excellent management and interpersonal skills.

Responsibilities

• Identify and monitor market and liquidity risk independently.
• Review policies including Liquidity Management, Interest Rate Risk Management, and foreign exchange policies.
• Review the Liquidity Contingency Plan and improve transparency and efficiency.
• Ensure risks identified, measured, and incorporated in the risk framework.
• Review risk limits, parameters and assumptions used in metrics.
• Monitor exposures against approved risk limits.
• Demonstrate knowledge of OSFI regulations (LAR, IRR guidelines) and implement effectively.
• Review methodologies and assumptions for risk metrics.
• Review stress testing scenarios used for liquidity risk testing.
• Review and provide input on the Bank’s funding plan.
• Provide input and challenge to first line risk practices.
• Support Bank CRO and General Account CRO in market and liquidity risk areas.
• Review/regulatory issues related to market and liquidity risk.
• Assess risk positions and risk exposures and actions to address them.
• Assess adequacy of risk vs return in current portfolio and proposed strategies.

Skills

Communication skills

Self-starter

Analytical thinking

Interpersonal skills

Leadership

Stakeholder management

Education

Advanced degree in Finance or quantitative field

FRM designation an asset

CFA designation an asset

Job description

The Financial Risk Oversight team has overall responsibility within Group Risk Management to provide independent oversight of risk taking and risk mitigation activities related to market and liquidity risk. The team also provides subject matter expertise with respect to market and liquidity risk and how it affects the organization. This role focuses on, but is not limited to, market and liquidity risk oversight for Manulife Bank. The individual will work collaboratively with the Bank Risk function and the General Account to ensure key market and liquidity risks are properly addressed.

Position Responsibilities

• Identify and monitor market and liquidity risk independent of Operating Segments and Treasury.

• Review and provide constructive input on risk policies including but not limited to Liquidity Management Policy, Interest Rate Risk Management Policy, Foreign Exchange Risk Management Policy.

• Review the Liquidity Contingency Plan and make recommendations to improve its transparency and efficiency.

• Ensure key market and liquidity risks are identified based on regulatory guidance, measured appropriately and incorporated in the overall risk management framework.

• Review and validate the risk limits, parameters and assumptions used in various metrics for assessing liquidity risk and interest rate risk.

• Monitor exposures against approved risk limits.

• Have an expert knowledge of OSFI’s regulations such as the Liquidity Adequacy Requirements (LAR) Guideline, Interest Rate Risk Management Guideline, and ensure appropriate and effective implementation of these key guidelines.

• Review and assess methodologies and assumptions for measuring key market and liquidity risk metrics.

• Review and recommend stress testing scenarios / assumptions used for stress testing exercises (e.g., bank deposits run-offs).

• Review and provide constructive feedback on the Bank’s funding plan.

• Provide regular input and effective challenge over the first line of business’ risk management practices including but not limited to risk metrics, limits and methodologies.

• Support and provide subject matter expertise to the Bank CRO and General Account Business CRO in areas of market and liquidity risk.

• Review and provide input on all regulatory issues relating to market and liquidity risk.

• Assess risk positions and risk exposures and steps being taken to address them.

• Assess and opine on the adequacy of risk versus return in current portfolio and any proposed strategies.

Required Qualifications

• Advanced degree in Finance or another quantitative discipline.

• FRM and/or CFA designation an asset.

• Ability to communicate effectively (oral and written), build strong working relationships and influence outcomes within and across segments.

• Self-starter and ability to work with little guidance.

• Minimum 5 years’ experience in the financial services industry, preferably in Treasury, Retail Banking and Insurance

• Outstanding analytical and conceptual skills.

• Excellent management and interpersonal skills.

Problems/Challenges

• Increasing complexity associated with liquidity risk policies and the supporting measurement, monitoring and reporting infrastructure.

• Balancing the requirements and expectations of multiple internal and external partners.

Personal Attributes and Cultural Fit

• Inspires and motivates others.

• Role model of ethics and integrity who builds a culture of respect.

• Highly effective change agent who embraces change and leads change management.

• Provides courageous advice.

• Results-driven; highly focused on accountability.

• Ability to handle multiple stakeholders

• Demonstrates a commitment to delivering excellent service balanced with appropriate risk management and strategic perspective.

• Highly collaborative working style.

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.

The role being advertised is an existing vacancy.

Acerca de Manulife y John Hancock

Manulife Financial Corporation es un importante proveedor internacional de servicios financieros que ayuda a las personas a tomar decisiones de una manera más fácil y a vivir mejor. Para obtener más información acerca de nosotros, visite http://www.manulife.com .

Manulife es un empleador que ofrece igualdad de oportunidades

En Manulife/John Hancock, valoramos nuestra diversidad. Nos esforzamos por atraer, formar y retener una fuerza laboral tan diversa como los clientes a los que prestamos servicios, y para fomentar un entorno laboral inclusivo en el que se aprovechen las fortalezas de las culturas y las personas. Estamos comprometidos con la equidad en las contrataciones, la retención de talento, el ascenso y la remuneración, y administramos todas nuestras prácticas y programas sin discriminación por motivos de raza, ascendencia, lugar de origen, color, origen étnico, ciudadanía, religión o creencias religiosas, credo, sexo (incluyendo el embarazo y las afecciones relacionadas con este), orientación sexual, características genéticas, condición de veterano, identidad de género, expresión de género, edad, estado civil, estatus familiar, discapacidad, o cualquier otro aspecto protegido por la ley vigente.

Nuestra prioridad es eliminar las barreras para garantizar la igualdad de acceso al empleo. Un representante de Recursos Humanos trabajará con los solicitantes que requieran una adaptación razonable durante el proceso de solicitud. Toda la información que se haya compartido durante el proceso de solicitud de adaptación se almacenará y utilizará de manera congruente con las leyes y las políticas de Manulife/John Hancock correspondientes. Para solicitar una adaptación razonable en el proceso de solicitud, envíenos un mensaje a [e-mail] .

Referenced Salary Location

Toronto, Ontario

Modalidades de Trabajo

Híbrido

Salary range is expected to be between

$125,100.00 CAD - $175,100.00 CAD

Los empleados también tienen la oportunidad de participar en programas de incentivos y recibir una compensación vinculada al rendimiento empresarial e individual. El salario real variará según las condiciones del mercado local, la geografía y factores relacionados con el puesto como conocimientos, habilidades, requerimientos, experiencia y educación/formación. Si solicitas este puesto fuera de tu ubicación principal, por favor escríbenos a [e-mail] para conocer el rango salarial correspondiente a tu ubicación.

• Manulife ofrece a los empleados aptos una amplia variedad de beneficios personalizables, entre ellos, beneficios de salud, odontológicos, de salud mental, oftalmológicos, por discapacidad a corto y a largo plazo, cobertura de seguro de vida y por muerte accidental y desmembramiento, adopción/subrogación y bienestar, y planes de asistencia al empleado/familiar.
• También ofrece a los empleados admisibles varios planes de ahorro para la jubilación (incluidos planes de pensiones y un plan mundial de propiedad de acciones con contribuciones equivalentes del empleador) y recursos de asesoramiento y educación financiera.
• Nuestro generoso programa de tiempo libre remunerado en Canadá incluye feriados, vacaciones, días personales y días por enfermedad, y ofrece la gama completa de ausencia laboral reglamentaria.
• Si se está postulando para este puesto en los EE. UU., póngase en contacto con [e-mail] para obtener más información sobre las disposiciones relativas al tiempo libre remunerado específicas de EE. UU.

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