Senior Quantitative Analyst

Company 1 - The Manufacturers Life Insurance Company; Toronto; Hybrid; CAD 74,000 - 123,000; Full time

Benefits offered by this job

Health and dental insurance

Pension plan with employer matching

Paid time off and holidays

Job summary

Manulife/John Hancock is seeking a Senior Quantitative Analyst to design and implement quantitative models for liability valuation, pricing, and risk reporting. The role focuses on model development, calibration, documentation, and cross‑functional collaboration with business units and senior management.

The candidate will work in a hybrid Toronto setting, leveraging Python, Excel, VBA, and SQL to deliver robust analytical solutions while staying at the forefront of financial modelling through

Qualifications

• Master's or PhD in Quantitative/Mathematical Finance, Mathematics, Statistics, or related field.
• Experience in stochastic modelling and knowledge of financial instruments and risk management principles.
• Proficiency in Python, Excel, VBA and SQL; strong documentation skills.

Responsibilities

• Develop sophisticated models to generate economic scenarios for multiple asset classes.
• Innovate calibration methodologies and tools for model inputs.
• Maintain transparency and document risk models and processes for audits.
• Lead continuous improvement initiatives within the risk modeling function.
• Collaborate on ad-hoc projects providing quantitative expertise to stakeholders.
• Stay current with academic literature and industry workshops/conferences.

Skills

Analytical thinking

Problem solving

Communication

Documentation

Stakeholder management

Education

Master's or PhD in Quantitative/Mathematical Finance

Statistics background

Tools

Python

Excel

VBA

SQL

Job description

The Quantitative Analytics team within Financial Risk provides quantitative financial modelling and analytics capability to a variety of stakeholders in Group Risk, Group Finance and Business Units. The team focuses on model, methodology and application development to support liability valuation, risk measurement, insurance product pricing and decision making. Reporting to the AVP, Quantitative Analytics, the Senior Quantitative Analyst is accountable for the development and implementation of quantitative models to support business growth.

Primary Responsibilities

• Develop sophisticated models to generate economic scenarios for multiple asset classes, enhancing our valuation, pricing, capital, and risk reporting capabilities.
• Innovate calibration methodologies and tools for model inputs to ensure accuracy and reliability.
• Maintain transparency and facilitate model risk management and audits by meticulously documenting risk models and processes.
• Champion continuous improvement initiatives to drive efficiency and effectiveness within the risk modeling function.
• Collaborate on ad‑hoc projects, providing quantitative expertise to business partners, senior management, and industry working groups.
• Stay at the cutting edge of financial modeling by engaging with academic literature and attending workshops and conferences.

Required Qualifications

• Master or Ph.D. in Quantitative/Mathematical Finance, Mathematics, Statistics, or a related field.
• Experience in stochastic modelling with knowledge of financial instruments and risk management principles.
• Experience in Python, EXCEL, VBA and SQL, and a passion for leveraging technology to solve complex problems.
• Exceptional analytical and problem‑solving skills.
• Strong communication and documentation proficiency.
• Ability to forge strong relationships with business areas and cross‑functional teams.
• Results‑driven with a strong focus on accountability.
• Collaborative spirit and the ability to manage multiple stakeholders effectively.

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.

#LI-Hybrid

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: $73,725.00 CAD - $122,875.00 CAD. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location.

Benefits

• 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.
• Retirement savings plans, including pension and a global share ownership plan with employer matching contributions, and financial education and counseling resources.
• Paid time off program in Canada, including holidays, vacation, personal, and sick days, and 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.

Technology & Data Use

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.

Our Mission

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 industry‑leading AI, 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 recognition. Recent awards include: 2026 Gallup Exceptional Workplace Award Winner; Manulife Named one of Forbes World’s Best Employers 2025; Financial Times World’s Best Employers Asia-Pacific 2026; We’ve been recognized as one of Canada’s Top100 Employers 2026; #1 Life Insurer for AI Maturity by Evident 2026.