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Manulife Manager, Market Risk Management in Waterloo, Ontario

The opportunity

Manulife Bank of Canada (“MBC”, the “Bank”) is a forward-thinking bank on a robust growth trajectory. Our success combines unique banking products and the latest technology to attract a new generation of clients. With the agility of a small bank, but the market reach of one of Canada’s largest companies, we are well positioned to continue our disruption of the banking industry.

Are you looking for a role where you will have a direct impact on the company’s strategies? Do you want an opportunity to develop and grow your banking career? Are you ready to challenge yourself? This position might be exactly what you are looking for!

The Manager, Market Risk Management position at Manulife Bank of Canada offers an opportunity for an experienced finance and treasury professional to take their career to the next level, helping to maximize the profitability of Manulife Bank while ensuring key risks are effectively managed and remain within the bank’s risk appetite.

As a member of the Treasury Team and reporting to the Director, Treasury Transformation, this position is a great opportunity to help lead the transformation of key risk management functions, including interest rate risk in the banking book (IRRBB), Funds Transfer Pricing (FTP), liquidity risk management (LRM), business planning, and treasury operations.

The incumbent must possess expert theoretical knowledge of IRRBB and FTP concepts, and the ability to utilise advanced data tools (as well as Microsoft Excel) to analyze large data sets. Knowledge of LRM and treasury operations would also be a strong asset. The immediate focus of this position will be to help lead key Treasury transformation initiatives while also helping to support the team’s day-to-day operations and management reporting.

Responsibilities:

  • Develop a sound theoretical approach to FTP for Manulife Bank and lead the implementation of key models, develop reports, documentation, and training to further embed FTP in all decision-making processes.

  • Help to lead IRRBB management accountabilities, including day-to-day management and oversee the models used to calculate economic value of equity (EVE) and net interest income (NII) risks.

  • Update, review, and develop commentary for the monthly ALCO report, and attend ALCO meetings to brief the senior leadership team on key developments related to market risk.

  • Review and recommend policy and procedure updates, as well as modeling assumptions and approaches, to the treasury leadership team and ALCO.

  • Research and provide recommendations process/policy changes related to key OSFI and other regulatory standards related to market risk, including (but not limited to) OSFI Guideline B-12 and the OSFI Liquidity Adequacy Requirements (LAR) guideline.

  • Provide backup coverage to analysts responsible for monthly market risk management reporting and mentor analysts to develop their technical knowledge of market risk management concepts.

  • Engage with the Financial Risk Oversight team and support internal and external auditors to ensure that key policies, procedures, and modelling assumptions are subject to appropriate review and oversight.

  • Support day-to-day treasury operations and funding activities as required.

  • Promote timely, data-driven decisions both within the Treasury Team and the larger Bank by driving operational efficiencies through automation using key technologies (Excel, VBA, SQL, Python).

  • Drive strategic initiatives that will expand the Bank’s product and service offerings.

What motivates you?

  • You obsess about customers, listen, engage and act for their benefit.

  • You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

  • You thrive in teams and enjoy getting things done together.

  • You take ownership and build solutions, focusing on what matters.

  • You do what is right, work with integrity and speak up.

  • You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

  • Undergraduate degree in Finance, Economics, Accounting, or another quantitative field.

  • Previous experience in managing market risks within the banking sector is required, along with a strong theoretical knowledge of, and prior experience implementing FTP systems.

  • CFA and/or FRM designation would be considered a significant asset.

  • Proficiency in data analytics using advanced Excel features, and programing/coding skills (e.g. SQL, Power Apps, Python) would be considered a strong asset.

  • Accuracy, attention to detail and sound judgment are a must.

  • A great teammate with a proven ability to effectively manage internal relationships by collaborating within the department and across business units.

  • High degree of flexibility and creativity is required; must be able to adapt to a constantly changing environment and to develop and update financial procedures and processes to meet such changes.

  • Strong interpersonal, communication and organizational skills and the ability to work within a variety of group settings.

  • Strong business acumen with a good understanding of the business environment in order to provide meaningful analysis and recommendations to the Treasury leadership team and ALCO.

  • Always curious and willing to ask questions, explore areas for improvement and provide recommendations.

What can we offer you?

  • A competitive salary and benefits packages.

  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.

  • A focus on growing your career path with us.

  • Flexible work policies and strong work-life balance.

  • Professional development and leadership opportunities.

Our commitment to you

  • Values-first cultureWe lead with our Values every day and bring them to life together.

  • Boundless opportunityWe create opportunities to learn and grow at every stage of your career.

  • Continuous innovationWe invite you to help redefine the future of financial services.

  • Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives.

  • Championing Corporate CitizenshipWe build a business that benefits all partners and has a positive social and environmental impact.

#LI-Hybrid

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit .

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .

Primary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$84,375.00 CAD - $151,875.00 CAD

If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

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