Winter Co-op 2027 - Quantitative Analyst

Manulife Insurance Malaysia; Toronto; Hybrid; CAD 57,000 - 72,000; Part time

Job summary

Manulife Financial is seeking a Quantitative Analyst Co-op to contribute to the Derivative and Asset Modeling team, developing models and valuation tools for assets and derivatives. You will support model monitoring, data analysis, and tool maintenance while collaborating with front and back-office teams.

The role requires advanced quantitative coursework, strong programming in Python/C++/MATLAB, and an aptitude for fast, rigorous problem solving in a hybrid work setting.

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, familiar with pricing 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 and numerical techniques, particularly optimization
• Hands-on self-starter who can analyze a problem, research and develop a solution and implement
• 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

Responsibilities

• Support development and enhancement of valuation curves, derivative and asset models, and pricing tools
• Assist in monitoring, review, and performance assessment of models and curves
• Support 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
• Support market data research, analysis, and validation efforts

Skills

Python

C/C++

MATLAB

VB/VBA

Education

Advanced degree or master's program

Tools

Python

MATLAB

C/C++

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.

• 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.

• 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

Salary range is expected to be between: $56,550.00 CAD - $72,150.00 CAD. 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. The annual salary will be pro-rated based on the length of the work-term.

#LI-Hybrid

The role being advertised is an existing vacancy. 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.

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].

Working Arrangement Hybrid

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
• 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/.