Director, Quantitative Models Development
Manulife•Toronto, ON
•Hybrid
About The Position
The Quantitative Models Development team provides quantitative modeling and analysis to support various business units within Manulife. The Director, Quantitative Models Development has accountability and responsibility for developing models and analytics that used in house.
Requirements
- Advanced degree or professional designation in Finance, Computer Science, Mathematics, Engineering, Statistics, or Actuarial Science (Master’s degree required, PhD preferred).
- At least five years of experience in modeling or relevant model development within the financial services industry.
- Strong foundation in quantitative finance and derivative valuation theory, with familiarity in market conventions and the pricing of fixed income, interest rate, and equity derivative investments.
- Proficiency in an advanced programming language (e.g., C++, VB/VBA, Python, SQL, Matlab, etc.).
- Proven ability to conceptualize solutions for complex technical challenges.
- Effective oral and written communication skills, with the ability to build strong working relationships.
- Self-motivated and proactive in analyzing problems, researching and developing solutions, and executing implementation.
- Ability to work with a sense of urgency and meet tight deadlines.
Responsibilities
- Collaborate with downstream users to develop the required valuation models and risk analytic tools to support their business initiatives.
- Maintain existing hedge accounting attribution tools and models, identifying opportunities for process improvements and developing solutions to enhance efficiency.
- Implement enhancements and further automation of the existing analytical tools to streamline and improve the processes.
- Monitor existing tool performance and troubleshoot issues to ensure accuracy and reliability of the hedge effectiveness and attribution results.
- Conduct ongoing reviews and assessment to ensure data integrity and consistency within the hedge accounting system.
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
- various retirement savings plans (including pension and a global share ownership plan with employer matching contributions)
- financial education and counseling resources
- paid holidays
- vacation
- personal
- sick days
- full range of statutory leaves of absence
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What This Job Offers
Job Type
Full-time
Career Level
Director
