Financial risk director overseeing market and liquidity risks for Manulife Bank. Advising CROs and challenging risk frameworks, limits, policies, and stress testing.
Responsibilities
Identify and monitor market and liquidity risk independently of Operating Segments and Treasury
Review and provide input on liquidity, interest rate risk, and foreign exchange risk policies
Review the Liquidity Contingency Plan and recommend improvements
Ensure market and liquidity risks are identified, measured, and incorporated into the risk management framework
Review and validate risk limits, parameters, and assumptions for liquidity and interest rate risk metrics
Monitor exposures against approved risk limits
Assess methodologies and assumptions for market and liquidity risk metrics
Review and recommend stress-testing scenarios and assumptions
Review and provide feedback on the Bank’s funding plan
Challenge and advise first-line business risk management practices
Provide market and liquidity risk expertise to the Bank CRO and General Account Business CRO
Review regulatory issues related to market and liquidity risk
Assess risk positions, exposures, mitigation steps, and risk-versus-return adequacy of portfolios and strategies
Collaborate with the Bank Risk function and General Account to address key risks
Requirements
Advanced degree in Finance or another quantitative discipline
Minimum 5 years’ experience in the financial services industry, preferably in Treasury, Retail Banking and Insurance
Expert knowledge of OSFI’s regulations, including the Liquidity Adequacy Requirements (LAR) Guideline and Interest Rate Risk Management Guideline
FRM and/or CFA designation an asset
Outstanding analytical and conceptual skills
Excellent management and interpersonal skills
Effective oral and written communication skills
Ability to build strong working relationships and influence outcomes within and across segments
Self-starter able to work with little guidance
Benefits
Flexible work environment
Health insurance
Dental insurance
Mental health benefits
Vision insurance
Short- and long-term disability insurance
Life and AD&D insurance coverage
Adoption/surrogacy benefits
Wellness benefits
Employee/family assistance plans
Retirement savings plans
Pension
Global share ownership plan with employer matching contributions
Financial education and counseling resources
Paid holidays, vacation, personal, and sick days
Statutory leaves of absence
Incentive programs and incentive compensation tied to business and individual performance
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