The Senior Analyst, Model Risk Management is a member of the Group Model Risk Management team, which is responsible for validating models related to economic capital, Asset Liability Management (ALM), and Global Variable Annuity Hedging. Reporting to the Director of Model Risk Management, this position is based in the Toronto Head Office. The incumbent is responsible for determining and assessing the acceptability of models, identifying potential model risks, testing model implementation, and providing general consulting advice to relevant business units as needed.
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.
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The role being advertised is an existing vacancy.
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 https://www.manulife.com/en/about/our-story.html.
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 setting 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. Referenced Salary Location Halifax,



Nova Scotia Working Arrangement Hybrid Salary range is expected to be between $65,850.00 CAD - $109,750.00 CAD Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. 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 [email protected] for more information about U.S.-specific paid time off provisions. We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement. We’re Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and accelerating a sustainable and economically inclusive future. Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team,



you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go. We’re proud of our accomplishments and recognitions. Recent awards include: 2024 Gallup Exceptional Workplace Award Winner Manulife Named one of Forbes World’s Best Employers 2023 Best Companies to Work for in Asia 2023 We’ve been recognized as one of Canada’s Top 100 Employers (2024) Manulife included in Bloomberg’s 2023 Gender-Equality Index.
Our ambition is to be the most digital, customer-centric global company in our industry. Learn more at https://www.manulife.com/.
Position Responsibilities Assess the model's adequacy and appropriateness for stated objectives and assumptions, general practice, and company policies.
Ensure submitted models are mathematically sound, follow industry standards, are implemented correctly, and perform adequately.
Conduct independent research and develop benchmark models where needed to validate core analytics of submitted models.
Evaluate potential model risks related to embedded assumptions vs. target applications and model implementation limitations, recommending risk mitigation measures as necessary.
Document model validation outcomes and communicate findings to stakeholders and model risk leaders.
Ensure business units comply with the Model Risk Policy, providing adequate documentation for independent validation and governing the entire model lifecycle.
Participate in the model inventory process.
Participate in ad-hoc projects as needed.
Required Qualifications Master’s or PhD degree in a quantitative discipline (Math, Finance, Economics, Physics, Engineering, etc.).
1 year or more of experience in financial mathematics modeling with expertise in stochastic and other numerical techniques.
Proficiency in quantitative modeling of interest rates, inflation, foreign exchange rates, equities, and commodities for derivative pricing and risk computation.
Strong programming skills in MATLAB, C++, VBA or Python.
Strong analytic, problem-solving, communication, and documentation skills.
Knowledge in financial derivative valuation.
Proven organizational, team-building, and relationship-building abilities across business functions; team player.
Bilingualism (English and French) is a strong asset.
If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Québec.
Preferred Qualifications Previous model validation experience.
CFA or FRM/PRM.

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📌 Senior Analyst, Model Risk Management (Nova Scotia)
🏢 Manulife Insurance Malaysia
📍 Nova Scotia