Hybrid Manager/Director, Model Risk Management

Posted last month

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About the role

  • 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

Job title

Manager/Director, Model Risk Management

Job type

Experience level

Lead

Salary

CA$88,800 - CA$138,800 per year

Degree requirement

Postgraduate Degree

Tech skills

Location requirements

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