Senior Director, Asset Liability Management

The Senior Director Asset & Liability Management is a key member of the ALM leadership team responsible for managing ALM risk and supporting earnings and capital objectives for Emerging Market. Stepping into an established mandate the Senior Director will own existing ALM processes and frameworks while driving continuous improvements in analytics reporting and execution in close partnership with Investments Finance and Risk.

Position Responsibilities:

• 1. Take Ownership of Existing ALM Mandate

• Assume responsibility for existing ALM strategies risk limits and reporting for Emerging Market.
• Maintain and enhance current ALM processes (e.g. monthly ALM reporting limit monitoring committee materials).
• Ensure smooth transition of responsibilities from prior role holder maintaining continuity for stakeholders.

• 2. ALM Strategy Execution & Performance

• Execute and refine ALM strategies to manage interest rate credit liquidity and reinvestment risks within approved risk appetite.
• Support portfolio positioning decisions including asset mix hedging and new business strategies.
• Provide ALM input to product pricing and reinsurance decisions ensuring alignment with earnings and capital targets.

• 3. Risk Management Limits & Governance

• Monitor and report key ALM risk indicators (duration gaps key rate durations convexity liquidity metrics capital sensitivities).
• Lead ALM components of stress testing scenario analysis and regulatory/economic capital impact assessments.
• Prepare materials for ALCO/ALM Committees Risk Committees and senior management.

• 4. Modeling Assumptions & Analytical Enhancements

• Oversee use of existing ALM models and tools; validate outputs and challenge results.
• Partner with Actuarial Finance and Investment teams to review and refine key assumptions (e.g. lapses prepayments dynamic policyholder behavior).
• Identify opportunities to streamline automate or improve ALM analytics and attribution (earnings and capital).

• 5. Stakeholder Management & Leadership

• Act as primary ALM point of contact for named stakeholders e.g. Canadian Segment CFO CIO for Fixed Income Chief Risk Officer for Emerging Market.
• Provide clear actionable ALM insights to senior leaders; explain trade-offs between risk earnings and capital.
• Lead and coach a small team of ALM professionals/analysts (where applicable) providing guidance feedback and development opportunities.

• 6. Reporting & Communication

• Lead preparation of regular ALM reporting packages (monthly/quarterly) and ad-hoc analysis for management and regulators.
• Contribute to board rating agency and regulatory materials regarding ALM risk positioning for the relevant segment.
• Translate complex technical analysis into concise business-oriented recommendations.

Required Qualifications:

• Education & Designations

• Bachelors degree in Actuarial Science Finance Mathematics Economics Engineering or related field.
• Professional designation strongly preferred: FSA/FCIA CFA FRM or equivalent.
• Graduate degree in a quantitative or finance-related field is an asset.

• Experience

• 8 years of experience in ALM actuarial investments or risk in insurance or financial services.
• Direct experience with life/health insurance annuities or wealth products and their risk profiles.
• Proven track record managing interest rate and market risks including exposure to hedging and ALM modeling.
• Prior experience leading teams or projects and working with senior stakeholders.

• Technical Skills

• Strong understanding of:
  • Asset-liability concepts (duration key rate duration convexity cash flow matching immunization).
  • Regulatory and accounting frameworks (e.g. LICAT / capital regimes OSFI or local regulations IFRS 17/9 or local GAAP).
  • Economic capital stress testing and risk-adjusted performance measures.
• Proficiency with ALM / actuarial modeling tools and analytical platforms (e.g. AXIS/Prophet/MoSes plus Excel and ideally SQL or Python/R).
• Strong analytical and strategic thinking with the ability to prioritize in a complex environment.
• Effective communicator able to influence and challenge cross-functional stakeholders.
• Demonstrated leadership ownership and accountability especially in a backfill context where continuity is critical.

Problems / Challenges

• Aligns diverse stakeholder interests and perspectives to achieve mutually beneficial outcomes that support the companys long-term objectives.
• Effectively manages multiple projects simultaneously while operating under tight deadlines and competing priorities.
• Demonstrates the ability to work independently with minimal supervision exercising sound judgment and accountability.

When you join our team:

• Well empower you to learn and grow the career you want.
• Well recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team well support you in shaping the future you want to see.

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 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 .