Director, Risk Management

Director, Risk Management

Apply locations: Toronto, Ontario; Montreal, Quebec

Time type: Full time

Posted on: Posted 4 Days Ago

Time left to apply: End Date: January 25, 2025 (14 days left to apply)

Job requisition id: JR24110494

Global Wealth & Asset Management (GWAM) is the global asset management arm of Manulife and provides fee-based wealth solutions to retail, retirement, and institutional customers around the world.

The Operational Risk Director, Manulife General Account and Manulife Investment Management Private Markets will be responsible for assisting the Operational Risk Officer of Manulife General Account and Manulife Investment Management Private Markets with their mandate to design, implement, and execute an effective risk governance and management program, and overseeing operational risk mitigation activities within a division of the Global Wealth and Asset Management segment.

Among other duties, the successful candidate will assist the Operational Risk Officer with the following key responsibilities:

• Support activities to facilitate the effective implementation of an operational risk framework.
• Conduct Risk and Control Self-Assessments: documentation of key risks and controls and development of action plans to remediate control gaps, as needed.
• Contribute to the development of Key Risk Indicators to track identified risks.
• Collect, review, and reconcile internal and external risk incidents/loss events, ensuring they are addressed timely, including root cause analysis.
• Contribute to the design and execution of scenario analysis for key risks.
• Identify emerging risks to strengthen risk oversight.
• Support change management for new products, business initiatives, and strategies, assessing impact on the division’s risk profile.
• Develop close partnerships and provide value-added collaboration with business and functional leaders.
• Support the development and maintenance of Risk Appetite Statements and associated metrics.
• Contribute to developing a strong risk culture and work with the business to reinforce accountability and transparency.
• Provide support for risk aggregation and reporting.

The ideal candidate will have expertise in the Asset Management Industry across various private market and general account asset classes, which may include fixed income, equities, real estate, infrastructure, timberland, agriculture, private equity, private credit, mortgages, and derivatives, as well as knowledge of the related investment vehicles used globally to deliver investment strategies in these asset classes. In addition, the candidate will have significant experience in the design, implementation, and/or execution of the Operational Risk Management framework for a large financial institution.

Required Qualifications:

• A seasoned risk professional with 8 - 10 years of Risk Management, finance, and/or audit experience.
• Bachelor's degree is required.
• Strong working knowledge of the wealth and asset management industry and familiarity with the current regulatory environment.
• Proven expertise and knowledge of ORM concepts and practices.
• A strong moral compass and a commitment to high ethical standards.
• Strong collaboration and partnering skills.
• Strong program and project management skills.
• A highly motivated and results-oriented individual.
• Highly developed business acumen.
• Solid analytical and creative problem-solving skills.
• Excellent verbal and written communication 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.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity and strive to attract, develop and retain a workforce that is as diverse as the customers we serve.

Primary Location: Toronto, Ontario

Working Arrangement: Hybrid

Salary range is expected to be between: $105,750.00 CAD - $190,350.00 CAD

Manulife offers eligible employees a wide array of customizable benefits.