Summer Intern 2027 - Quantitative Analyst

Manulife Insurance Malaysia; Toronto; Hybrid; CAD 34,000 - 48,000; Part time

Job summary

Manulife seeks a Quantitative Analyst Co-op to join the Derivative and Asset Modeling team in Toronto. You will help develop models for asset and derivative valuation and risk analytics, supporting global portfolio management and trading teams.

You will work on pricing tools, curves, and model validation, while maintaining toolsets and data inventories. This hybrid role offers exposure to front-office interfaces and cross‑regional collaboration.

Qualifications

• Advanced degree or professional designation in Math, Finance, Physics, Engineering, Statistics, Actuarial Science, etc. (students in master’s programs at minimum)
• Solid understanding in quantitative finance and contingent claim theory with pricing of fixed income, interest rate and equity derivatives
• Strong programming in Python, C/C++, MATLAB, VB/VBA; OOP experience preferred
• Sophisticated knowledge in stochastic modeling and numerical techniques, including optimization
• Hands-on self-starter who can analyze problems and implement solutions

Responsibilities

• Support development and enhancement of valuation curves, derivative and asset models, and pricing tools
• Assist in monitoring and evaluating models and curves
• Maintain curve database and model inventory
• Contribute to special projects across model development, validation and implementation
• Support market data research, analysis and validation

Skills

Quantitative finance

Derivative pricing

Python

C/C++

MATLAB

VB/VBA

Stochastic modeling

Optimization techniques

Problem solving

Analytical thinking

Communication

Team player

Education

Advanced degree in Math/Finance/Physics/Engineering/Statistics/Actuarial Science

Master’s program (minimum)

Tools

Python

C/C++

MATLAB

VB/VBA

Job description

Quantitative Analyst Co-op, Derivative and Asset Modeling Description

The Derivative and Asset Modeling team is responsible for developing quantitative models and applications for asset and derivative valuation, as well as risk analytics. The team’s mandate includes supporting the Global Asset and Liability Management, US, Canadian and Asia Portfolio Management and Trading, Derivatives Strategy (Front Office), and Global Investment Strategy.

Responsibilities

• Support the development and enhancement of valuation curves, derivative and asset models, and pricing tools.
• Assist in the ongoing monitoring, review, and performance assessment of models and curves.
• Support the maintenance of internally developed tools, the curve database, and the model inventory.
• Contribute to ad hoc initiatives and special projects across model development, validation, and implementation activities.
• Support market data research, analysis, and validation efforts.

Qualifications

• Advanced degree or professional designation in Math, Finance, Physics, Engineering, Statistics, Actuarial Science, etc. (students in master’s programs at minimum)
• Solid understanding in quantitative finance and contingent claim theory, and be familiar with the pricing of fixed income, interest rate and equity derivative investments.
• Strong knowledge and programming experience in Python, C/C++, MATLAB, VB/VBA, etc. Object-oriented programming experience is preferred.
• Sophisticated knowledge and experience in stochastic modeling as well as other numerical techniques, particularly, optimization techniques.
• Hands‑on self‑starter who can analyze a problem, research and develop a solution and follow through on the implementation.
• Demonstrated ability to conceptualize solutions to complex technical issues.
• Sense of urgency and ability to work within tight deadlines.
• Ability to communicate effectively (oral and written) and build strong working relationships.
• Proactive, dependable and detail-oriented team player.
• #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.

Equal Opportunity Employer

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].

Working Arrangement Hybrid

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.

Company Culture and Recognition

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

To receive our latest job opportunities directly to your inbox, create an account or sign in and navigate to the ‘Job Alerts’ section located in the top right corner of the page. From there, you can sign up to receive job alerts. Our ambition is to be the most digital, customer‑centric global company in our industry. Learn more at https://www.manulife.com/.