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canada Analyst, Credit Risk Management

  • Location
    (CANADA) and Toronto
  • Job Reference
    17569
  • Functional Area/Experience
    Business, Accounting & Finance / Fresh Graduate

Job Description & Qualifications

Are you looking for a supportive, collaborative workplace with great teams and inspiring leaders? You’ve come to the right place. We’re looking for ambitious people who share our values and want to make every day better for people around the world. If this sounds like you, and the career below sounds exciting, we’d like to hear from you.

Working Arrangement

Hybrid

Job Description

This position will play a prominent role in the Credit Risk Management (CRM) group’s responsibility to develop, modify and provide credit risk oversight, through partnership with subject matter experts across the organization. This role will focus on ensuring the risk appetite, proper controls, accountabilities, and authorities, are clear and concise and aligned with the risk statements provided by management and the Manulife Board.

Responsibilities:

Help maintain the Credit Risk Framework for the General Account Business

  • Aid in the development and maintenance of the organization’s credit risk framework (i.e. investment guidelines, policies, procedures, documentation, limits, rating methodologies, etc.) on a timely basis
  • Support the credit function and framework in conjunction with portfolio growth. General Account invested assets include: fixed income, commercial mortgages, public equities and alternative long-duration assets (i.e. real estate and other invested assets)
  • Identify and eliminate gaps in current state of policies and procedural documentation. Research, share and implement credit risk management best practices

Support the growth of the General Account portfolio in Asia

  • Maintain oversight of credit and credit related products that impact the Asia business (for example investments in Sovereign Owned Entities and regional and local governments)
  • Assist with the review and updating of investment guidelines / investment policies for the various Asian subsidiaries
  • Oversee the growth of and any investment shifts in the General Account portfolio in the various Asian jurisdictions (for example ongoing shift from government to corporate bonds)

Conduct Financial and Data Analysis

  • Conduct financial analysis of corporations, to determine financial performance, balance sheet strength, liquidity, cash flow generating ability and investment suitability
  • Assist with the ongoing stress testing of the General Account portfolio
  • Undertake ongoing and ad hoc General Account portfolio data analysis, presenting data as information using PowerPoints, dashboards, Power BI reports, etc.

Complete various ad-hoc projects as required and assist with the day-to-day activities performed by CRM

  • Participate in joint Credit Risk/Financial Risk/IT Management projects, in order to develop reports and analysis for Senior Management
  • Assist in the preparation of the Credit Committee (CC) materials (such as agenda and minutes), review material submitted and assist in the timely circulation of CC material packages to CC members
  • Assist with miscellaneous activities performed by CRM, such as: ad hoc stress testing
  • Take the lead or provide support with special requests from OSFI, credit rating agencies, Senior Management, etc.
  • Keep up-to-date on market developments which may impact Manulife’s investment portfolio

What we are looking for:

  • Degree in business, economics, accounting or actuarial science (or related discipline)
  • Recent graduate, with up to 2 years of work experience in credit risk management or asset/investment management
  • Working knowledge of MS Office (Excel, PowerPoint, Word, Access) and PowerApps.
  • Strong communication skills (oral and written), as well as solid presentation skills; collaborative approach and strong interpersonal skills
  • Ability to summarize a large amount of information into concise reports and presentations for senior management
  • Excellent technical, analytical and problem-solving skills; ability to deal with large amounts of information and to summarize effectively
  • Strong prioritization skills and ability to multi-task in a fast-paced environment
  • Understanding of finance and accounting principles.
  • Ability to understand a wide variety of complicated investment products.

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 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 culture
We lead with our Values every day and bring them to life together.

Boundless opportunity
We create opportunities to learn and grow at every stage of your career.

Continuous innovation
We invite you to help redefine the future of financial services.

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

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

Every career at Manulife/John Hancock provides the opportunity to learn new skills and move your career forward. Ready to make an impact somewhere? What are you waiting for? Apply today.

About John Hancock and Manulife

John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.

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 recruitment@manulife.com.

Salary & Benefits

The annual base salary for this role in the primary location of Toronto, Ontario is expected to be between $58,650.00 CAD - $97,750.00 CAD.

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com 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 recruitment@manulife.com for more information about U.S.-specific paid time off provisions.



Job Skills/Competencies Required

  • Working knowledge of MS Office (Excel, PowerPoint, Word, Access) and PowerApps.
  • Strong communication skills (oral and written), as well as solid presentation skills; collaborative approach and strong interpersonal skills
  • Ability to summarize a large amount of information into concise reports and presentations for senior management
  • Excellent technical, analytical and problem-solving skills; ability to deal with large amounts of information and to summarize effectively
  • Strong prioritization skills and ability to multi-task in a fast-paced environment
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