Senior Analyst, Derivative Modeling

Manulife; Toronto; Hybrid; CAD 71,000 - 120,000; Full time

Job summary

A leading financial services provider is looking for a Senior Analyst, Derivative Modeling to join their Derivative Modeling team in Toronto. In this hybrid role, you will leverage your quantitative finance expertise to develop advanced valuation methodologies and implement derivative models, collaborating with traders and various business units. The ideal candidate will possess strong programming skills in C++ and Python and have an advanced degree in a related field. This position offers a competitive salary range and a comprehensive benefits package.

Benefits

Health benefits

Dental coverage

Mental health support

Wellness benefits

Qualifications

• Advanced degree in Finance or related fields is required.
• Modeling experience in financial services is preferred.
• Strong programming skills in C++ and Python.

Responsibilities

• Develop and maintain the financial library and applications.
• Create valuation curves and derivative pricing models.
• Monitor model performance and drive improvements.

Skills

Quantitative Finance

C++

Python

Communication Skills

Problem Solving

Education

Master's degree in Finance, Mathematics, Physics, Engineering, Statistics, or Actuarial Science

Tools

FINDUR

Bloomberg

Job description

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The Derivative Modeling team provides modeling and quantitative analysis to support trading, strategic decision-making, risk management, collateral management and financial reporting across Manulife. The Senior Analyst, Derivative Modeling is responsible for developing advanced valuation methodologies, designing and implementing derivative models, and delivering quantitative solutions to support various business units.

Responsibilities

• Develop and maintain the financial library and applications serving stakeholders across the company like Front Office, Global VA Hedging, Global ALM, Hedge Accounting, etc.
• Develop valuation curves and derivative pricing models to support new business initiatives in collaboration with traders and portfolio managers. Monitor model performance over time and drive continuous improvements.
• Execute scheduled model and curve reviews to ensure ongoing effectiveness in alignment with Model Risk Management requirements.
• Address modeling issues in FINDUR by collaborating with the vendor for resolution, developing workaround solutions, and designing internal pricing tools as necessary.
• Build internal benchmarks in Python for mark-to-market calculations, sensitivity simulations, and scenario analysis.
• Provide quantitative support to Derivative Middle Office on valuation anomalies, collateral breaches, curve data source analysis, FINDUR general functionality testing, deal configurations, and curve/model implementation.
  
  

Qualifications

• Advanced degree (Master’s required, PhD preferred) in Finance, Mathematics, Physics, Engineering, Statistics, or Actuarial Science.
• Modeling related experience in the financial services industry is preferred.
• Extensive knowledge of advanced programming languages and object-oriented programming experience of C++ and python.
• Strong foundation in quantitative finance and contingent claim theory.
• Experienced user/quick leaner of valuation, market data and trading systems (e.g., FINDUR, Numerix/Fincad, Bloomberg, etc.)
• Strong communication skills (both oral and written) with the ability to build effective working relationships.
• Strong sense of urgency and ability to meet tight deadlines.
  
  

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].

Referenced Salary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$71,925.00 CAD - $119,875.00 CAD

If you are applying for this role outside of the primary location, please contact [e-mail] 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 [e-mail] for more information about U.S.-specific paid time off provisions.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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