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.
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, Global Asset Liability Management (GALM), and Global Variable Annuity Hedging (GVAH). Reporting to the Director of Model Risk Management, this position is based in the Toronto Head Office.
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

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 adaptable 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
The role being advertised is an existing vacancy.
關於宏利和恒康
宏利金融公司是一家業界領先的國際金融服務商，致力於幫助人們實現「輕鬆投資理財，樂享豐盛人生」。若要進一步了解我們，請瀏覽https://www.manulifeim.com/institutional/tw/en.
宏利是平等機會僱主
在宏利／恒康，我們擁抱多元。我們致力於吸引、培養及挽留和所服務客戶同樣多元的員工，並從而營造包容的工作環境，接納文化和個體差異。我們矢志維持公平的招聘、挽留、晉升及薪酬制度，我們管理的所有實踐及項目不會因種族、血統、原籍地、膚色、族裔、國籍、宗教或宗教信仰、信仰、性別（包括懷孕及其相關情況）、性取向、遺傳特徵、退伍軍人身份、性別認同、性別表達、年齡、婚姻狀況、家庭狀況、殘疾或受適用法律保護的任何其他因素而區別對待。
我們的首要任務是消除障礙，為員工提供平等就業機會。人力資源部代表將盡力為應徵過程中提出要求的申請人提供合理協助。申請人要求提供協助所分享的信息將會按照適用法律及宏利／恒康政策儲存及使用。應徵過程中如需協助，請聯絡 [email protected]。
Referenced Salary Location
Halifax, Nova Scotia
Working Arrangement
混合式
Salary range is expected to be between
$65,850.00 CAD - $109,750.00 CAD
Employees also have the prospect 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.

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