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 (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 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 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.

Ad-hoc Research & Analysis

• 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.

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

Reinsurance Analysis

• Assist with the credit analysis of reinsurance counterparties as needed and in managing the risk of reinsurance exposures. This is a developing role, and the candidate is expected to learn on the job.

Required Qualifications:

• 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

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.