Manager/Director, Model Risk Management (Halifax Regional Municipality)

Manager/Director, Model Risk Management (Halifax Regional Municipality)

The Manager or Director, Model Risk Management is a senior member in the Group Model Risk Management team, responsible for validation of models in the Global Wealth Management Segment covering portfolio construction, digital investment advisory, business planning, valuation and risk for structured assets and etc. Reporting to the Head of GWAM Model Risk Management. The incumbent is accountable for determining and assessing model acceptability, identifying potential model risks, testing model implementation, and for providing general consulting advice to business units as appropriate. These models are developed by the business units across GWAM and are essential in supporting risk measurement, investment strategy development, asset liability management, product pricing, and regulatory reporting purposes. Validation is a critical step to ensure model effectiveness.

**Position Responsibilities:**

+ Assess the model's adequacy and appropriateness for stated objectives and assumptions, general practice, and company policies.

+ Ensure submitted models from 1st line are mathematically sound, following industry standard, implemented correctly, and with adequate performance. Perform independent research and develop independent benchmark models where needed.

+ Assess Potential Model Risks. Evaluate potential model risks related to embedded assumptions vs target applications, and limitations of model implementation. Recommend risk mitigation measures where needed.

+ Document model validation outcome and communicate findings to stakeholders and model risk leaders.

+ Ensure business units understand their obligations under the Model Risk Policy such as providing adequate documentation to enable independent validation and having processes and controls to govern the entire model lifecycle.

+ Participate annual model materiality refresh and inventory attestation process.

+ Provide mentorship to junior staff.

+ Participate in Ad-Hoc Projects as needed.

+ Bilingualism (English and French) is a solid asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.

**Required Qualifications:**

+ Master's or PhD degree in a quantitative discipline (Math, Finance, Economics, Physics, Engineering, etc.)





+ 3+ years of experience in financial mathematics modeling with expertise in optimization and numerical techniques.

+ Proficiency in quantitative modeling.

+ Knowledge of Global Wealth Management products and services, such as portfolio construction, digital investment advisory platforms, structured products, and valuation methodologies, is highly desirable.

+ Programming skills in VBA, C++, SQL, Excel, MATLAB, or Python.

+ Strong analytical, problem-solving, communication, and documentation skills.

+ Proven organizational, team-building, and relationship-building abilities across business functions, team player.

**Preferred Qualifications:**

+ Previous model validation experience is a plus.

**When you join our team:**

+ 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.

#LI - Hybrid

**Gi?i thi?u v? Manulife và John Hancock**

T?p doàn Manulife Financial là nhà cung c?p d?ch v? tài chính qu?c t? hàng d?u giúp m?i ngu?i quy?t d?nh d? dàng hon và có cu?c s?ng v?n toàn hon. Ð? tìm hi?u thêm v? chúng tôi, hãy truy c?p https://www.manulife.com.vn/ .

**Manulife là Nhà s? d?ng lao d?ng không phân bi?t d?i x?**

T?i Manulife/John Hancock, chúng tôi luôn dón nh?n s? da d?ng. Chúng ta c? g?ng thu hút, phát tri?n và duy trì l?c lu?ng lao d?ng da d?ng tuong t? nhu nh?ng khách hàng mà chúng ta ph?c v?, d?ng th?i thúc d?y m?t môi tru?ng làm vi?c hòa nh?p, d? cao th? m?nh c?a t?ng n?n van hóa và cá nhân. Chúng ta cam k?t tuy?n d?ng, duy trì, thang ti?n và tr? luong m?t cách công b?ng. Ð?ng th?i, chúng ta qu?n lý t?t c? các ho?t d?ng và chuong trình c?a mình mà không phân bi?t d?i x? d?a trên ch?ng t?c, dòng h?, xu?t thân, màu da, ngu?n g?c dân t?c, quy?n công dân,



tôn giáo ho?c tín ngu?ng tôn giáo, d?c tin, gi?i tính (bao g?m ph? n? mang thai và các tình tr?ng liên quan d?n mang thai), xu hu?ng tính d?c, d?c di?m di truy?n, tình tr?ng c?u chi?n binh, b?n d?ng gi?i, bi?u hi?n gi?i, tu?i tác, tình tr?ng hôn nhân, tình tr?ng gia dình, khuy?t t?t ho?c b?t k? can c? nào khác du?c pháp lu?t hi?n hành b?o v?.

Uu tiên c?a chúng ta là lo?i b? các rào c?n d? dem l?i co h?i ti?p c?n vi?c làm bình d?ng. Ð?i di?n B? ph?n Nhân s? s? làm vi?c v?i nh?ng ?ng viên có yêu c?u di?u ch?nh h?p lý trong quá trình ?ng tuy?n. T?t c? thông tin du?c chia s? trong quá trình yêu c?u di?u ch?nh s? du?c luu tr? và s? d?ng tuân theo pháp lu?t hi?n hành và chính sách c?a Manulife/John Hancock. Ð? yêu c?u di?u ch?nh h?p lý trong quá trình ?ng tuy?n, hãy liên h? v?i [email protected] .

**Referenced Salary Location**

Montreal, Quebec

**Working Arrangement**

K?t h?p

**Salary range is expected to be between**

$88,800.00 CAD - $138,800.00 CAD

If you are applying for this role outside of the primary location, please contact [email protected] 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 advantages, 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 [email protected] for more information about U.S.-specific paid time off provisions.

📌 Manager/Director, Model Risk Management (Halifax Regional Municipality)
🏢 Manulife
📍 Halifax Regional Municipality