Credit Risk Senior Analyst
Credit Risk Senior Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
Credit Risk Management (CRM) is an independent group under the direction of the Chief Credit Officer (CCO) who reports to the Chief Risk Officer (CRO) responsible for the enterprise-wide credit risk oversight at Manulife. CRM has the mandate to promote a culture of risk awareness across all levels of the organization and has the responsibility to establish and maintain Manulifes credit risk management framework. This position will play a key role in the Credit Risk Management groups mandate of Portfolio Oversight of the Manulife General Account by way of Portfolio Stress Testing and Independent Credit Review of various Investment desks.
Positional Responsibilities:
Provide oversight of the Manulife Bonds Commercial Mortgages and Alternative Investments portfolio through stress testing exercise using various tools (Risk Frontier Portfolio Studio etc.) used by the company.
Perform what-if analysis multi-factor stress tests and reverse stress tests to identify credit rating migration credit/expected losses earnings/reserve impacts and capital requirements under various stress macroeconomic conditions.
Prepare spreadsheets reports and power-point presentations. Present stress test results and findings to Senior Management including Credit Committee.
Perform detailed credit analysis for selected samples credit from various industry sectors and opine on a) the appropriateness of the assigned credit rating b) the adequacy of the risk and credit analysis included in the review and c) any emerging risks inherent in the credit.
Draft Credit Review Summary reports to include CRMs detailed findings/issues/ observations related to the completed Credit Reviews to be submitted to the relevant Investments Desk and to Credit Committee.
Prepare independent research reports for Credit Committee and Senior Management on topical issues and trends assessing their impact on Manulifes credit portfolio.
Lead the CRM (Alternative Long Duration Assets) risk rating tool/framework process to provide granularity on the degree of risk present in individual ALDA investment assets.
Prepare detail ALDA performance tracking and monitoring reports for the Senior Management
Maintain the ALDA performance tracking model and make changes/suggest improvements as necessary.
Assist with the credit analysis of reinsurance counterparties as needed and in managing the risk of reinsurance exposures.
Required Qualifications:
Minimum 4-5 years of experience in credit risk analysis underwriting or adjudication of corporate credit/debt products in a large financial institution; solid experience in Corporate Credit Portfolio Management will also be considered
Excellent data analysis skills using large spreadsheets; ability to summarize a large amount of data into concise reports and presentations for senior management
Intermediate programming language and coding skills (VBA Python R Studio etc.) required
Strong communication skills (oral and written) as well as solid presentation skills
Collaborative approach and strong interpersonal skills
High proficiency with Microsoft Office (Excel PowerPoint and Word) applications
Strong prioritization skills and ability to multi-task in a fast-paced environment
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 .
Working Arrangement
Required Experience:
Senior IC
Employment Type
Full-Time
