Senior Analyst validating financial risk models for Manulife, an international financial services provider. Assessing model adequacy, implementation, risks, and regulatory policy compliance.
Responsibilities
Assess models' adequacy and appropriateness for objectives, assumptions, practices, and company policies
Ensure models are mathematically sound, follow industry standards, are implemented correctly, and perform adequately
Conduct independent research and develop benchmark models to validate submitted models
Evaluate model risks from assumptions, target applications, and implementation limitations
Recommend risk mitigation measures
Document model validation outcomes and communicate findings to stakeholders and model risk leaders
Ensure business units comply with the Model Risk Policy
Provide documentation for independent validation and govern the model lifecycle
Participate in the model inventory process
Participate in ad-hoc projects as needed
Requirements
Master’s or PhD degree in a quantitative discipline such as Math, Finance, Economics, Physics, or Engineering
1 year or more of experience in financial mathematics modeling
Expertise in stochastic and other numerical techniques
Proficiency in quantitative modeling of interest rates, inflation, foreign exchange rates, equities, and commodities for derivative pricing and risk computation
Strong programming skills in MATLAB, C++, VBA, or Python
Strong analytical, problem-solving, communication, and documentation skills
Knowledge of financial derivative valuation
Proven organizational, team-building, and relationship-building abilities across business functions
Team player
If the successful candidate is in Québec, proficiency in both English and French is required to support clients from various provinces outside Québec
Previous model validation experience preferred
CFA or FRM/PRM preferred
Benefits
Flexible environment supporting well-being and inclusion
Health insurance
Dental insurance
Mental health benefits
Vision coverage
Short- and long-term disability insurance
Life and AD&D insurance coverage
Adoption/surrogacy benefits
Wellness benefits
Employee/family assistance plans
Retirement savings plans, including 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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