Senior Manager/Director, Model Risk Management at Manulife validating financial models in Global Wealth Management. Responsible for assessing model adequacy and communicating findings to stakeholders.
Responsibilities
Validate models in Global Wealth Management Segment covering portfolio construction, digital investment advisory, business planning, valuation and risk for structured assets
Assess the model's adequacy and appropriateness for stated objectives and assumptions, general practice, and company policies
Ensure submitted models are mathematically sound, following industry standards and implemented correctly
Perform independent research and develop independent benchmark models
Evaluate potential model risks related to embedded assumptions vs target applications
Document model validation outcomes and communicate findings to stakeholders
Requirements
Master's or PhD degree in a quantitative discipline (Math, Finance, Economics, Physics, Engineering, etc.)
3+ years of experience in financial mathematics modeling with expertise in optimization and numerical techniques
Proficiency in quantitative modeling
Knowledge of Global Wealth Management products and services (portfolio construction, digital investment advisory platforms, structured products, and valuation methodologies)
Programming skills in VBA, C++, SQL, Excel, MATLAB, or Python
Strong analytical, problem-solving, communication, and documentation skills
Proven organizational, team-building, and relationship-building abilities across business functions
Benefits
Health, dental, mental health, vision insurance
Short- and long-term disability
Life and AD&D insurance coverage
Adoption/surrogacy and wellness benefits
Employee/family assistance plans
Retirement savings plans including pension
Global share ownership plan with employer matching contributions
Financial education and counseling resources
Generous paid time off including holidays, vacation, personal, and sick days
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