Director Derivative Modeling
Director Derivative Modeling
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Job Description
The Derivative Modeling team provides modeling and quantitative analysis to support trading strategic decisionmaking risk management collateral management and financial reporting across Manulife. The Director/Manager Derivative Modeling is responsible for developing advanced valuation methodologies designing and implementing derivative models and delivering quantitative solutions to support various business units.
Responsibilities:
Develop valuation curves and derivative pricing models to support new business initiatives in collaboration with traders and portfolio managers. Monitor model performance over time and drive continuous improvements.
Execute scheduled model and curve reviews to ensure ongoing effectiveness in alignment with Model Risk Management requirements.
Address modeling issues in FINDUR by collaborating with the vendor for resolution developing workaround solutions and designing internal pricing tools as necessary.
Build internal benchmarks in Python for marktomarket calculations sensitivity simulations and scenario analysis.
Provide quantitative support to Derivative Middle Office on valuation anomalies collateral breaches curve data source analysis FINDUR general functionality testing deal configurations and curve/model implementation.
Qualifications:
Advanced degree (Masters required PhD preferred) in Finance Mathematics Physics Engineering Statistics or Actuarial Science.
Minimum five years of modeling related experience in the financial services industry for a Director position or 2 years for a Manager position.
Strong foundation in quantitative finance and contingent claim theory with familiarity in market practices for pricing fixed income interest rate equity currency and credit derivatives.
Extensive knowledge of advanced programming languages (e.g. Python VB/VBA C/C Matlab) with preference for objectoriented programming experience.
Experienced user/quick leaner of valuation market data and trading systems (e.g. FINDUR Numerix/Fincad Bloomberg etc.
Proven track record of conceptualizing solutions to complex technical issues.
Strong communication skills (both oral and written) with the ability to build effective working relationships.
Selfmotivated and handson able to analyze problems research solutions and implement them.
Strong sense of urgency and ability to meet tight deadlines.
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 pregnancyrelated 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 .
Primary Location
Working Arrangement
Salary range is expected to be between
$105750.00 CAD $190350.00 CADIf you are applying for this role outside of the primary location please contact for the salary range for your location. The actual salary will vary depending on local market conditions geography and relevant jobrelated 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 longterm 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 for more information about paid time off provisions.
Required Experience:
Director
Employment Type
Full-Time
