Analyst, Operation and Reporting, Global Hedging – Variable and Indexed-Linked Products

This analyst position reports to the Director, Global Hedging – Variable and Indexed-Linked Product Operation and Reporting, Global Derivative Services. The Analyst supports the ongoing operational and reporting requirements of Global Variable Annuity and Indexed-Linked Products Hedging program and other general funds hedging programs at Manulife. 

Operational Responsibilities:

• Validate daily trading parameters and ensure the liabilities sensitivities are accurate. Make sure intraday risk monitoring system operates properly.

• Oversee the liability generating system and all end-of-day processes, which are used as inputs to the intraday risk monitoring system and all subsequent liability reporting processes.

• Maintain a strong understanding of data framework within the VA and IUL hedging databases and file servers, providing insight as needed.

• Implement parametric updates on a scheduled or ad hoc basis as requested by Business Units.

Reporting Responsibilities:

• Execute the daily Performance Attribution reports for the dynamic hedging program, which decompose the hedging asset and liability profit and loss movements into discreet buckets.

• Generate daily performance attribution report timely using PowerBI dashboard.

• Identify issues and address causes, with an ability to resolve issues in a timely manner and establish short-term and long-term enhancements solutions.

• Prepare additional daily and quarterly reporting as required.

• Develop ad hoc reports for business units, leveraging knowledge of the VA and IUL hedging data warehouse and understanding of the VA and IUL hedging programs.

• Conduct user acceptance testing on new versions and upgrades to existing reporting infrastructure.

• Support the development of new report features or report enhancements and analytics as needed.

• Strengthen data quality through automation initiatives and improved control processes.

• Complete quarterly hedge effectiveness assessments.

• Perform quarterly revaluation of hedging assets.

• Reconcile the Performance Attribution reports with Accounting General Ledger on a quarterly basis, identify driving forces of discrepancy and quantify the impacts.

General Responsibilities:

• Integrate knowledge of the hedging liability, asset and data systems used by VA and IUL hedging to provide insight and analysis of VA and IUL hedging performance.

• Present the key drivers affecting report results in weekly meetings with Global Risk Oversight team.

• Collaborate with Global Hedging – Variable and Indexed-Linked Products, Equity Risk Oversight, and IT Support teams on projects which require team efforts.

• Contribute within a team environment to improve the operations, accuracy, timeliness and usefulness of the reports.

Requirements:

• Bachelor’s degree in Finance or Business related disciplines.

• Advanced skills in MS Office suites, especially VBA programming skills.

• Knowledge of SQL database and Findur.

• Previous experience with PowerBI is an asset.

• Strong analytical and communications skills (both oral and written).

• Ability to work independently and in a team setting.

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

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 [email protected].

Referenced Salary Location

Salary range is expected to be between

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 [email protected] for the salary range for your location.

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 [email protected] for more information about U.S.-specific paid time off provisions.