Hybrid Manager/Director, Model Risk Management

Posted 11 minutes ago

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About the role

  • Manager/Director of Model Risk Management validating financial models in Global Wealth Management at Manulife. Critical role assessing model risks and providing consulting advice to ensure model effectiveness.

Responsibilities

  • Responsible for validation of models in the Global Wealth Management Segment covering portfolio construction, digital investment advisory, business planning, valuation and risk for structured assets, etc.
  • Accountable for determining and assessing model acceptability, identifying potential model risks, and testing model implementation.
  • Provide consulting advice to business units on model effectiveness.
  • Document model validation outcomes and communicate findings to stakeholders and model risk leaders.
  • Participate in annual model materiality refresh and inventory attestation process.
  • Provide mentorship to junior staff.
  • Participate in Ad-Hoc Projects as needed.

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, such as 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 skills.
  • Documentation skills.
  • Proven organizational, team-building, and relationship-building abilities across business functions.
  • Bilingualism (English and French) is a strong asset, especially for clients in Québec.

Benefits

  • 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 programs
  • Employee/family assistance plans
  • Retirement savings plans (including pension and global share ownership plan with employer matching contributions)
  • Financial education and counseling resources
  • Paid time off (holidays, vacation, personal, sick days, and statutory leaves of absence)

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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