Director, North America Segment Management, Global ALM

Job title:

Director, North America Segment Management, Global ALM

Company

Manulife

Job description

The mandate of the North America Segment Management team within Global Asset Liability Management (ALM) is to support ALM risk management, implement both long term and tactical ALM strategies, and support balance sheet optimization within the constraints of tax, capital, liquidity, accounting and reserving, for the Canadian and US Segments.Reporting to the VP, Head of North America Asset Liability Management, this incumbent’s primary responsibility will be to coordinate and lead balance sheet management activities, with a focus on managing non-fixed income asset allocations and surplus segment liquidity in North America. In addition, this incumbent will provide ALM support to cross divisional projects and initiatives to meet our business goals and financial objectives.The position provides the challenging opportunity for interacting with many business partners in Investments, Group and Risk as well as North America business units of Manulife, and for gaining an understanding of the many types of investments and business activities across the company.Responsibilities

• Manage non-fixed income asset allocations to different segments to meet their strategic targets
• Recommend to senior management non-fixed income asset rebalancing to optimize asset opportunities, and to manage capital, risk and liquidity constraints
• Coordinate with asset origination teams and investment operations on asset funding
• Work closely with Group Treasury in projecting cash in different legal entities and devise asset plans to manage the entities’ liquidity
• Act as ALM main contact in North America for non-fixed income asset and surplus inquiries and problem resolution
• Manage additional projects and ad-hoc requests as required
• Develop an understanding of tax, capital, liquidity, accounting and reserving in order to contribute to the balance sheet management solutions
• Key contacts: North American Portfolio Management, Private Market Front Office Investment teams, Investment Operations, Group and Divisional Risk and Actuarial, Business Unit Inforce Management, Capital Management, Reinsurance, Finance/Accounting

Qualifications

• Advanced degree or certification required, with a background in Investments, Risk Management or Actuarial
• FSA or CFA is an advantage
• Working knowledge of interest rate and FX derivatives is an advantage
• 5+ years of experience in the financial services or investment risk management environment
• Strong leadership capabilities applied within team settings and with individual contributors
• Ability to respond to changing demands from multiple stakeholders and prioritize needs while working under tight deadlines
• Detail oriented with excellent analytical and problem-solving ability
• Strong written and oral communication skills
• Ability to work effectively across various disciplines (Investment, Actuarial, Capital, Accounting and Risk)

About Manulife and John HancockManulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit .Manulife is an Equal Opportunity EmployerAt 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 .Primary Location Toronto, OntarioWorking ArrangementHybridSalary range is expected to be between $103,050.00 CAD – $185,490.00 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 job-related 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 long-term 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 U.S.-specific paid time off provisions.

Expected salary

Location

Toronto, ON

Job date

Thu, 03 Oct 2024 00:03:55 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (globalvacancies.org) you saw this job posting.