Senior Model Risk Analyst — Financial Analytics & Validation

Manulife Financial; Toronto; Hybrid; CAD 66,000 - 110,000; Full time

Benefits offered by this job

Hybrid work

Health and retirement benefits

Incentive programs

Flexible environment

Job summary

Manulife Financial’s Toronto Head Office seeks a Senior Analyst, Model Risk Management to validate models for economic capital, GALM, and GVAH. You’ll assess model adequacy, document validation outcomes, and advise stakeholders on risk mitigation.

With a Master’s/PhD and 1+ year in financial math modeling, you’ll use MATLAB/C++, Python or VBA, and collaborate across functions in a hybrid Toronto office.

Qualifications

• Master’s or PhD degree in a quantitative discipline (Math, Finance, Economics, Physics, Engineering, etc.).
• 1 year or more of experience in financial mathematics modeling with expertise in stochastic and other numerical techniques.
• Proficiency in quantitative modeling of interest rates, inflation, foreign exchange rates, equities, and commodities for derivative pricing and risk computation.
• Strong programming skills in MATLAB, C++, VBA or Python.
• Strong analytic, problem-solving, communication, and documentation skills.
• Knowledge in financial derivative valuation.
• Proven organizational, team-building, and relationship-building abilities across business functions; team player.
• Bilingualism (English and French) is a strong asset.

Responsibilities

• Assess the model's adequacy and appropriateness for stated objectives and assumptions, general practice, and company policies.
• Ensure submitted models are mathematically sound, follow industry standards, are implemented correctly, and perform adequately. Conduct independent research and develop benchmark models where needed to validate core analytics of submitted models.
• Evaluate potential model risks related to embedded assumptions vs. target applications and model implementation limitations, recommending risk mitigation measures as necessary.
• Document model validation outcomes and communicate findings to stakeholders and model risk leaders.
• Ensure business units comply with the Model Risk Policy, providing adequate documentation for independent validation and governing the entire model lifecycle.
• Participate in the model inventory process.
• Participate in ad-hoc projects as needed.

Skills

MATLAB

C++

Python

VBA

Stochastic modeling

Communication

Documentation

Financial derivative valuation

Bilingual English/French

Education

Master’s or PhD in a quantitative discipline

Tools

MATLAB

C++

VBA

Python

Job description

Manulife Financial’s Toronto Head Office seeks a Senior Analyst, Model Risk Management to validate models for economic capital, GALM, and GVAH. You’ll assess model adequacy, document validation outcomes, and advise stakeholders on risk mitigation.

With a Master’s/PhD and 1+ year in financial math modeling, you’ll use MATLAB/C++, Python or VBA, and collaborate across functions in a hybrid Toronto office.