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About the Role
The Financial Risk Oversight team provides independent oversight of market and liquidity risk-taking and mitigation activities. This role focuses on market and liquidity risk oversight for Manulife Bank, ensuring key risks are properly addressed in collaboration with the Bank Risk function and the General Account.
Responsibilities
- Identify and monitor market and liquidity risk independent of Operating Segments and Treasury.
- Review and provide constructive input on risk policies including Liquidity Management Policy, Interest Rate Risk Management Policy, and Foreign Exchange Risk Management Policy.
- Review the Liquidity Contingency Plan and recommend improvements for transparency and efficiency.
- Ensure key market and liquidity risks are identified based on regulatory guidance, measured appropriately, and incorporated into the overall risk management framework.
- Review and validate risk limits, parameters, and assumptions used in liquidity risk and interest rate risk assessment metrics.
- Monitor exposures against approved risk limits.
- Possess expert knowledge of OSFI regulations such as the Liquidity Adequacy Requirements (LAR) Guideline and Interest Rate Risk Management Guideline, ensuring effective implementation.
- Review and assess methodologies and assumptions for measuring key market and liquidity risk metrics.
- Review and recommend stress testing scenarios and assumptions for exercises like bank deposit run-offs.
- Review and provide constructive feedback on the Bank’s funding plan.
- Provide regular input and effective challenge over the first line of business’ risk management practices, including risk metrics, limits, and methodologies.
- Support and provide subject matter expertise to the Bank CRO and General Account Business CRO in market and liquidity risk areas.
- Review and provide input on all regulatory issues relating to market and liquidity risk.
- Assess risk positions, risk exposures, and mitigation steps.
- Assess and opine on the adequacy of risk versus return in the current portfolio and proposed strategies.
Requirements
- Advanced degree in Finance or another quantitative discipline.
- FRM and/or CFA designation an asset.
- Ability to communicate effectively (oral and written), build strong working relationships, and influence outcomes within and across segments.
- Self-starter with the ability to work with little guidance.
- Minimum 5 years’ experience in the financial services industry, preferably in Treasury, Retail Banking, and Insurance.
- Outstanding analytical and conceptual skills.
- Excellent management and interpersonal skills.
Skills
- Market risk
- Liquidity risk
- Risk policies
- Liquidity Management Policy
- Interest Rate Risk Management Policy
- Foreign Exchange Risk Management Policy
- Liquidity Contingency Plan
- Regulatory guidance
- Risk management framework
- Risk limits
- OSFI regulations
- Liquidity Adequacy Requirements (LAR) Guideline
- Interest Rate Risk Management Guideline
- Stress testing
- Funding plan
- Risk metrics
- Risk methodologies
- Analytical skills
- Conceptual skills
- Management skills
- Interpersonal skills
Location
- Toronto, Ontario
Work Type
- Hybrid
Experience Level
- Minimum 5 years’ experience in the financial services industry
Education Level
- Advanced degree in Finance or another quantitative discipline
- FRM designation
- CFA designation
Salary/Compensations
- CAD $125,100.00 - $175,100.00
Benefits
- Opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
- Health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage.
- Adoption/surrogacy and wellness benefits.
- Employee/family assistance plans.
- Retirement savings plans (including pension and a global share ownership plan with employer matching contributions).
- Financial education and counseling resources.
- Holidays, vacation, personal, and sick days.
- Full range of statutory leaves of absence.
About the Company
- Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better.
- Visit https://www.manulife.com/en/about/our-story.html for more information.
Equal Opportunity
- Manulife is an Equal Opportunity Employer.
- We embrace diversity and strive to attract, develop, and retain a workforce as diverse as the customers we serve.
- We foster an inclusive work environment that embraces the strength of cultures and individuals.
- We are committed to fair recruitment, retention, advancement, and compensation, and administer all practices and programs without discrimination based on protected characteristics.
- We prioritize removing 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 consistent with applicable laws and Manulife/John Hancock policies.
- To request a reasonable accommodation in the application process, contact hr@manulife.com.