Winter Co-op 2027 Global Hedging, Variable and Indexed-Linked Products

The Global Hedging - Variable and Indexed-Linked Products (GHVILP) team is part of the Global Asset Liability Management function within the General Account. The team is responsible for establishing and managing global hedging programs at Manulife. The program currently manages both the companys balance sheet equity risk through the Macro program and the market risks associated with variable annuity (VA) and indexed universal life (IUL) products.

As an intern youll play a key role in the daily risk exposure mapping processes that drive our hedging programs. This is a unique opportunity to explore hedging strategies risk analysis and financial derivatives in a global investment environment.

Were looking for someone who is curious detail-oriented and eager to learnready to contribute in a collaborative environment and grow through hands-on experience.

Responsibilities

• Produce aggregate exposure reports used to support our internal hedging programs

• Leverage Bloomberg and Reuters market data applications to:

  • Ensure individual securities are correctly classified in the internal fund mapping application

  • Ensure security classification data remains up-to-date and reflective of most recent corporate actions and other market related impacts

  • Produce ad-hoc risk exposure reports for exchange traded funds and mutual funds hedged as part of the program

How will you create impact

There are two sub-groups withinGlobal Hedging - Variable and Indexed-Linked Product: Strategy and Actuarial internship is within the Strategy Strategy group is responsible for the hedging assets and is headed by the Director Global Hedging Variable and Indexed-Linked Products Strategy. The Strategy groups primary responsibility is to identify our risk exposures and design robust hedging strategies to mitigate market risks. The Strategy group is also responsible for the monitoring and high-level reporting on the performance of all aspects of the groups hedging programs.

The VA and IUL programs are high profiles within the company and attract positive attention to high performing team members. The nature of the work is very practical ultimately leading to trades in the work in the Strategy group is generally on the boundary of Front and Middle office roles in a traditional investment banking group.

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

• Pursuing an undergraduate degree in business mathematics (preferably financial modelling) or actuarial science

• Detailed oriented and organized individual

• Good verbal and written communication skills

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 stakeholders and has a positive social and environmental impact.