Senior Analyst, Derivative Modeling

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

Job summary

A leading financial services provider is seeking a Senior Analyst for their Derivative Modeling team in Toronto. In this role, you will develop valuation methodologies and derivative models to support critical business operations, including trading and risk management. You will collaborate with multiple business units while utilizing your advanced quantitative and programming skills. The position offers a competitive salary and a hybrid working arrangement in a dynamic and inclusive environment.

Benefits

Comprehensive health and dental benefits

Retirement savings plans and employer matching

Flexible working environment

Paid time off including holidays and personal days

Qualifications

• Advanced degree in relevant field required.
• Extensive knowledge of programming languages and quantitative finance.
• Modeling experience in financial services industry preferred.

Responsibilities

• Develop and maintain financial models and libraries for stakeholders.
• Execute model reviews and ensure compliance with Model Risk Management.
• Provide quantitative support to Middle Office on valuation anomalies.

Skills

Advanced programming with Python

C++

Quantitative analysis

Communication skills

Education

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

Tools

FINDUR

Numerix

Bloomberg

Job description

Senior Analyst, Derivative Modeling page is loaded

Senior Analyst, Derivative Modeling

Apply locations Toronto, Ontario time type Full time posted on Posted Yesterday time left to apply End Date: June 15, 2025 (18 days left to apply) job requisition id JR25030526

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.

About Us

We're Manulife. And we’re on a mission to make decisions easier and lives better.

Better is what drives us.It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives.It’s the reason we’re dedicated to investing in digital innovation and accelerating a sustainable and economically inclusive future.

Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go.

We’re proud of our accomplishments and recognitions. Recent awards include:

2024 Gallup Exceptional Workplace Award Winner

Manulife Named one of Forbes World’s Best Employers 2023

Best Companies to Work for in Asia 2023

We’ve been recognized as one of Canada’s Top 100 Employers (2024)

Manulife included in Bloomberg’s 2023 Gender-Equality Index

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Our ambition is to be the most digital, customer-centric global company in our industry. Learn more at https://www.manulife.com/ .