Manulife

Manager, Credit Risk Management

Manulife

full-time

Posted on:

Location Type: Hybrid

Location: Waterloo • 🇨🇦 Canada

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Salary

💰 CA$80,700 - CA$145,260 per year

Job Level

Mid-LevelSenior

Tech Stack

PythonVBA

About the role

  • Provide oversight of the Manulife Bonds, Commercial Mortgages and Alternative Investments portfolio through stress testing exercise using various tools (RiskFrontier, 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 detailed spreadsheets and reports to summarize stress test
  • 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
  • Be a contributing member of the team to undertake credit related audits/reviews of various investment desks
  • 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 CRM’s detailed findings/issues/ observations related to the completed Credit Reviews to be submitted to the relevant Investments Desk and to Credit Committee
  • Prepare independent industry and credit research reports for Credit Committee and Senior Management 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
  • Lead the CRM ALDA risk rating tool/framework process to provide granularity on the degree of risk present in individual ALDA investment assets
  • Prepare and 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.

Requirements

  • Minimum 4-5 years of experience in credit risk or credit underwriting in a large financial institution
  • Solid experience in Corporate Credit Portfolio Management will also be considered
  • An undergraduate degree in Economics or Finance; MBA/CFA is an asset
  • 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
  • Bilingualism (English and French) is an asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.
Benefits
  • health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage
  • adoption/surrogacy and wellness benefits
  • employee/family assistance plans
  • retirement savings plans (including pension and a global share ownership plan with employer matching contributions)
  • financial education and counseling resources
  • generous paid time off program in Canada includes holidays, vacation, personal, and sick days
  • full range of statutory leaves of absence

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
credit risk analysiscredit underwritingdata analysisVBAPythonR Studiostress testingportfolio managementfinancial modelingcredit rating
Soft skills
communication skillspresentation skillsinterpersonal skillscollaborationprioritizationmulti-taskingreport summarizationanalytical thinkingproblem-solvingadaptability
Certifications
MBACFA