Senior Analyst/Manager, Credit Risk Management

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 Manulife’s credit risk management framework.

This position will play a key role in the Credit Risk Management group’s 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:

Portfolio Oversight & Stress Testing

• Provide oversight of the Manulife Bonds, Commercial Mortgages and Alternative Investments portfolio through stress testing exercise using various tools such as Risk Frontier, Portfolio Studio, etc. 

• 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 detailed spreadsheets, tables and reports to summarize stress test findings

• Draft power-point slides and present the stress-test results and findings to Senior Management, including Credit Committee.

• Perform ad-hoc analysis related to the Stress Tests upon request from Investment Teams, Portfolio Managers and Senior Executives.

• Provide overall guidance and support in the maintenance (including quarterly data loading) of various supporting tools (e.g. Risk Frontier, Portfolio Studio) used in the stress testing process.

Credit Analysis 

• Be a contributing member of the team to undertake credit related reviews across multiple investment desks.

• Perform detailed credit analysis 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.

• Prepare and draft summary reports to include CRM’s detailed findings, issues, and observations related to the completed credit reviews.

Ad-hoc Research & Analysis

• Prepare independent industry and credit research reports on topical issues and trends, assessing their impact on Manulife’s credit portfolio.

• Stay abreast of economic and market environment and proactively identify emerging risks relevant to Manulife’s investment portfolio.

Performance Tracking and Monitoring of the Alternative Long Duration Assets (ALDA) portfolio

• Assist with the maintenance of the risk rating framework and process, as well as collecting, reviewing, and summarizing data that monitors the degree of risk present in individual ALDA investment assets.

• Prepare ALDA performance tracking and monitoring reports using spreadsheet models.

• Maintain the ALDA performance tracking spreadsheets, making changes and suggesting improvements as necessary.

Policies and Procedures

• Assist with the review and updating of miscellaneous policies and procedures

• Help maintain investment guidelines and investment policies up to date

Required Qualifications:

• Minimum 3-4 years of experience in credit research or credit analysis in a financial institution.

• An undergraduate degree in Business, Economics, or Finance.

• Excellent data analysis skills using large spreadsheets; ability to summarize a large amount of data into concise reports and presentations for senior management.

• High proficiency with Microsoft Office (Excel, PowerPoint and Word) applications.

• Strong prioritization skills and ability to multi-task in a fast-paced environment.

• Strong communication skills (oral and written).

• Collaborative approach and strong interpersonal skills.

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 flexible 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.

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 https://www.manulife.com/en/about/our-story.html.

Manulife 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 [email protected].