Director, Quantitative Models Development

Director, Quantitative Models Development

The Quantitative Models Development team provides quantitative modeling and analysis to support various business units within Manulife. The Director, Quantitative Models Development has accountability and responsibility for developing models and analytics that used in house.

Responsibilities:

• Collaborate with downstream users to develop the required valuation models and risk analytic tools to support their business initiatives.
• Maintain existing hedge accounting attribution tools and models, identifying opportunities for process improvements and developing solutions to enhance efficiency.
• Implement enhancements and further automation of the existing analytical tools to streamline and improve the processes.
• Monitor existing tool performance and troubleshoot issues to ensure accuracy and reliability of the hedge effectiveness and attribution results.
• Conduct ongoing reviews and assessment to ensure data integrity and consistency within the hedge accounting system.

Qualifications:

• Advanced degree or professional designation in Finance, Computer Science, Mathematics, Engineering, Statistics, or Actuarial Science (Master’s degree required, PhD preferred).
• At least five years of experience in modeling or relevant model development within the financial services industry.
• Strong foundation in quantitative finance and derivative valuation theory, with familiarity in market conventions and the pricing of fixed income, interest rate, and equity derivative investments.
• Proficiency in an advanced programming language (e.g., C++, VB/VBA, Python, SQL, Matlab, etc.).
• Proven ability to conceptualize solutions for complex technical challenges.
• Effective oral and written communication skills, with the ability to build strong working relationships.
• Self-motivated and proactive in analyzing problems, researching and developing solutions, and executing implementation.
• Ability to work with a sense of urgency and meet tight deadlines.

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].

Toronto, Ontario

Hybrid

Salary range is expected to be between

$105,750.00 CAD - $190,350.00 CAD

If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. 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. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

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.