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)
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