Manager overseeing credit risk management and portfolio oversight at Manulife. Responsible for credit analysis, reporting, and stress testing of investment portfolios.
Responsibilities
Provide oversight of the Manulife Bonds, Commercial Mortgages and Alternative Investments portfolio through stress testing exercise using various tools (RiskFrontier, Portfolio Studio, etc.) used by the company
Perform what-if analysis, multi-factor stress tests and reverse stress tests to identify credit rating migration, credit/expected losses, earnings/reserve impacts and capital requirements under various stress macroeconomic conditions
Prepare detailed spreadsheets and reports to summarize stress test
Draft power-point slides and present the stress test results and findings to Senior Management, including Credit Committee
Perform ad-hoc analysis related to the Stress Tests upon request from Investment Teams, Portfolio Managers and Senior Executives
Provide overall guidance and support in the maintenance (including quarterly data loading) of various supporting tools (e.g. Risk Frontier, Portfolio Studio) used in the stress testing process
Be a contributing member of the team to undertake credit related audits/reviews of various investment desks
Perform detailed credit analysis for selected samples credit from various industry sectors and opine on a) the appropriateness of the assigned credit rating, b) the adequacy of the risk and credit analysis included in the review, and c) any emerging risks inherent in the credit
Draft Credit Review Summary reports to include CRM’s detailed findings/issues/ observations related to the completed Credit Reviews to be submitted to the relevant Investments Desk and to Credit Committee
Prepare independent industry and credit research reports for Credit Committee and Senior Management on topical issues and trends, assessing their impact on Manulife’s credit portfolio
Stay abreast of economic and market environment and proactively identify emerging risks relevant to Manulife’s investment portfolio
Lead the CRM ALDA risk rating tool/framework process to provide granularity on the degree of risk present in individual ALDA investment assets
Prepare and detail ALDA performance tracking and monitoring reports for the Senior Management
Maintain the ALDA performance tracking model and make changes/suggest improvements as necessary
Assist with the credit analysis of reinsurance counterparties as needed and in managing the risk of reinsurance exposures.
Requirements
Minimum 4-5 years of experience in credit risk or credit underwriting in a large financial institution
Solid experience in Corporate Credit Portfolio Management will also be considered
An undergraduate degree in Economics or Finance; MBA/CFA is an asset
Excellent data analysis skills using large spreadsheets
Ability to summarize a large amount of data into concise reports and presentations for senior management
Intermediate programming language and coding skills (VBA, Python, R Studio, etc.) required
Strong communication skills (oral and written), as well as solid presentation skills
Collaborative approach and strong interpersonal skills
High proficiency with Microsoft Office (Excel, PowerPoint and Word) applications
Strong prioritization skills and ability to multi-task in a fast-paced environment
Bilingualism (English and French) is an asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.
Benefits
health, dental, mental health, vision, 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 and a global share ownership plan with employer matching contributions)
financial education and counseling resources
generous paid time off program in Canada includes holidays, vacation, personal, and sick days
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