Job Description
The Global Hedging - Variable and Indexed-Linked Products (GHVILP) team is part of Global Asset Liability Management within the General Account Investments. The team is responsible for establishing and managing global hedging programs at Manulife Financial. The program currently manages both the company’s balance sheet equity risk through the Macro program and the market risks associated with variable annuity (VA) and indexed universal life (IUL) products.
There are two sub-teams within GHVILP: Strategy and Actuarial Modeling. This position is within the Strategy team. The Strategy team is responsible for proposing hedging assets and is headed by the AVP, GHVILP Strategy. The Strategy team’s primary responsibility is to identify our risk exposures and design robust hedging strategies to mitigate market risks. The Strategy team is also responsible for the monitoring and high-level reporting on the performance of all aspects of the hedging programs within GHVILP’s mandate.
The VA and IUL hedging programs are high profile within the company and attract positive attention to high performing team members. The nature of the work is very practical, ultimately leading to trades in the market. Work in the Strategy team is generally on the boundary of Front and Middle office roles in a traditional investment banking group.
Responsibilities
Analyze proposals for new hedging strategies, completing due diligence work. Conduct research to compare alternative strategies to determine the overall effectiveness of a hedging strategy.
Analyze large data sets and conduct statistical analysis using R/Python/Excel.
Provide, or research to acquire, subject matter expertise on specific segments of capital markets (such as equities, commodities, FX, credit and/or fixed income). Particularly product details, and valuation and risk measurement methodology of derivatives including but not limited to:
Futures, options, swaps, swaptions.
Develop new tools and metrics using Excel/VBA/Python/etc. to evaluate hedging strategies.
Collaborate closely with Actuarial Modeling, Financial Risk Oversight, Traders, Technology and other stakeholders to drive improvements to the hedging program.
Provide specifications to development teams and assist with interpretation from a capital markets perspective, to ensure the implementation meets business needs.
Complete updates to model parameters maintained by GHVILP, to ensure the smooth functioning of the internal hedging systems.
Qualifications
A demonstrated quantitative aptitude, at the minimum level consistent with undergraduate mathematics/actuarial science/science, is required (post-graduate preferred).
Have a good theoretical knowledge of finance and derivatives, preferably together with practical knowledge including market conventions, specific product knowledge, and best practices of quantitative modeling in industry.
Should have experience using VBA, SQL, EXCEL, scripting tools, including an understanding and application of basic professional coding practices, version control, and documentation standards.
Proficient in at least one of R/Python with experience analyzing large data sets.
A demonstrated business acumen and orientation towards solving real-world problems.
Able to adjust communication style for different audiences, including summarizing complex information and recommending actions when needed.
FRM or CFA designation (or in pursuit of) considered an asset.
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.
マニュライフとジョン・ハンコックについて
マニュライフ・ファイナンシャル・コーポレーションは、「あなたの未来に、わかりやすさを」を提供する、国際的な大手金融サービスプロバイダーです。当社について詳しくは、 https://www.manulife.co.jp/ をご覧ください。
マニュライフは機会均等を是とする雇用主です
マニュライフ/ジョン・ハンコックでは、多様性を受け入れます。私たちは、サービス提供先であるお客さまと同様に、多様な人材を引きつけ、育成し、定着させ、文化や個人の力を受け入れる包括的な職場環境を促進するよう努めています。当社は公正な採用、定着、昇進、報酬に努めています。当社のすべての慣行およびプログラムは、人種、祖先、出身地、肌の色、民族的出身、市民権、宗教または宗教的信念、信条、性別（妊娠および妊娠関連の状態を含む）、性的指向、遺伝的特徴、退役軍人としての地位、性自認、性に関する表明、年齢、婚姻状況、家族状況、障害、または適用法で保護されるその他の要因に対する一切の差別を行うことなく管理されます。
雇用への平等なアクセスを提供するために、障壁を取り除くことが当社の優先事項です。人事担当者は、応募者が応募プロセス中に合理的配慮を要求する場合に協力します。配慮要求のプロセス中に共有されるすべての情報は、適用される法律およびマニュライフ/ジョン・ハンコックのポリシーに準拠した方法で保存および使用されます。申請プロセスにおいて合理的配慮を要求するには、 hr@manulife.com までご連絡をお願いします。
Referenced Salary Location
Toronto, Ontario
Working Arrangement
ハイブリッド勤務
Salary range is expected to be between
$62,850.00 CAD - $104,750.00 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 hr@manulife.com for the salary range for your location.
Benefits
Manulife offers eligible employees a wide array of customizable benefits, including 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. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact hr@manulife.com for more information about U.S.-specific paid time off provisions.
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