Analyst, Global Asset Liability Management

Manulife•Toronto, ON

3d•CA$62,850 - CA$104,750•Hybrid

About The Position

Manulife's Investment Division manages the Company's General Fund on-balance sheet assets, covering a broad range of investments. The Global Asset Liability Management (ALM) group leads the identification and assessment of ALM-related risks globally and develops investment and risk management strategies. Reporting to the Manager, Global ALM, this role will be instrumental in assessing ALM risks and gaining exposure to risk management. Key responsibilities include enhancing ALM systems, reporting, and operations, supporting interest rate risk forecasts, and assisting in the analysis, design, and implementation of value-added investment strategies and return/risk optimization initiatives. The role involves close collaboration with professionals across the Investments division, Business Unit valuation areas, and Group functions such as actuarial, risk, tax, controllers, and Treasury.

Requirements

ASA/ACIA with investment experience or Masters or equivalent experience in a quantitative discipline, finance or CFA/PRM/FRM or other relevant risk management experience
Minimum 1 year working experience in a financial/investment risk management environment
Excellent quantitative finance and/or mathematics skills
Solid understanding of fixed income, derivatives and ALM strategies, modelling and methodologies
Ability to work in an ever-changing environment with minimal guidance and to produce high-quality reports with tight deadlines
Strategic thinker with excellent analytic and problem-solving skills
Strong communication skills

Nice To Haves

Prior ALM or other experience in a financial/investment risk management environment is an asset
IFRS9/IFRS17 knowledge/experience is an asset

Responsibilities

Ensure the integrity, completeness, and timely production of operational activities and reports, and handle efficiency.
Continuously improve and streamline ALM systems, processes, and reports, including enhancing methodologies for acquiring economic and accounting risk metrics under IFRS17.
Analyze and explain movements in various assets and key metrics (Duration gap, earning risk, VaR etc.) due to interest rate changes.
Handle business requirements, requests, and other emerging issues impacting asset management (e.g., new business, reinsurance transactions, corporate restructuring, acquisitions, capital management, liability segmentation) that could materially impact earnings and key risk metrics.
Support the interest rate risk forecast and provide senior management with updated risk positions and market-driven gain/loss analysis.
Support other ALM teams in developing liability-driven investment strategies and hedging strategies for an optimized balance of return and risks.
Support other ALM teams in various balance sheet management tactical initiatives.
Build strong working relationships with the investment team, business divisions, and group areas to efficiently complete responsibilities.