Fall Co-op 2026 - Global Hedging, Variable and Indexed-Linked Products

Manulife • Toronto, ON

2d • Hybrid

About The Position

Our Global Hedging, Variable & Indexed‑Linked Products Co-op opportunity is your launchpad into the world of financial markets and risk management, offering the support, exposure, and hands-on experience you need to build a strong foundation and make a real impact. This internship, available in our Toronto office, offers a unique opportunity to gain real-world exposure to hedging strategies, financial derivatives, and global risk management practices. You’ll work alongside experienced professionals within Manulife’s Global Asset Liability Management (ALM) function, contributing to high‑visibility hedging programs that manage equity, variable annuity (VA), and indexed universal life (IUL) risks. This role is ideal for undergraduate students who are eager to learn in a collaborative, front/middle‑office style environment.

Requirements

• Currently pursuing an undergraduate degree in Business, Finance, Actuarial Science, Mathematics (preferably financial modelling), Risk Management, or a related field.
• Strong interest in financial markets, hedging, and risk management fundamentals.
• Advanced Excel skills are required (experience with VBA or Python is a strong asset).
• Highly detail‑oriented with a strong focus on data integrity and accuracy.
• Strong analytical thinking and problem‑solving skills.
• Clear written and verbal communication skills, with the ability to operate in a professional front/middle‑office style environment.
• Ability to work effectively in a collaborative, team‑oriented setting while demonstrating ownership and accountability.
• Demonstrates curiosity, a willingness to learn, and a proactive approach to challenges.
• Exhibits integrity and professionalism in all interactions.

Nice To Haves

• experience with VBA or Python is a strong asset

Responsibilities

• Support daily risk exposure mapping processes that drive Manulife’s global hedging programs.
• Produce aggregate exposure and high‑level reporting used to support internal hedging decisions.
• Leverage Bloomberg and Reuters market data applications to ensure accurate classification of securities within internal fund mapping systems.
• Maintain up‑to‑date security classification data, including reflecting corporate actions and market‑related changes.
• Produce ad‑hoc risk exposure reports for exchange‑traded funds (ETFs) and mutual funds hedged as part of the program.
• Collaborate with team members to support the monitoring and performance analysis of hedging strategies.
• Gain practical exposure to financial markets, derivatives, and real‑world trading‑related decision making.

Benefits

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.
• As part of our co-op program, you will gain early access to Manulife John Hancock’s premier early talent program, GRO, tailored to graduating students!
• This program is designed to launch your career with the support, structure, and opportunities you need to thrive.

What This Job Offers

• Career Level: Entry Level