Director, Financial Risk

Posted 8 hours ago

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About the role

  • 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

Job type

Full Time

Experience level

Lead

Salary

CA$125,100 - CA$175,100 per year

Degree requirement

Postgraduate Degree

Location requirements

HybridTorontoCanada

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