The Director, FTP and IRRBB position at Manulife Bank of Canada offers an opportunity for an experienced finance and treasury professional to take their career to the next level, helping to maximize the profitability of Manulife Bank while ensuring key risks are effectively managed and remain within the bank’s risk appetite.

As a member of the Treasury Team and reporting to the AVP and Assistant Treasurer, this position is a great opportunity to help lead the transformation and implementation of key risk management functions, including Funds Transfer Pricing (FTP), interest rate risk in the banking book (IRRBB), liquidity risk management (LRM), business planning, and treasury operations.

The incumbent must possess expert theoretical knowledge of FTP and IRRBB concepts, and the ability to use advanced data tools to analyze large data sets. Knowledge of LRM and treasury operations would also be a strong asset. The immediate focus of this position will be to help lead key Treasury transformation initiatives while also helping to support the team’s day-to-day operations and management reporting.

Position Responsibilities:

Provide leadership in managing Interest Rate Risk in the Banking Book (IRRBB), overseeing models for economic value of equity (EVE) and net interest income (NII) risks, preparing updates for the monthly Asset Liability Committee (ALCO) report, and briefing senior leadership on market risk developments.Review and recommend updates to policies, procedures, and modeling assumptions for treasury leadership and ALCO.Collaborate with the Director of Treasury Transformation to develop a theoretical approach to Funds Transfer Pricing (FTP) for Manulife Bank, assist in implementing models, and create reports, documentation, and training to integrate FTP into decision-making processes.Research and recommend changes to processes and policies to comply with key OSFI and other regulatory standards related to market risk, including OSFI Guideline B-12 and the OSFI Liquidity Adequacy Requirements (LAR) guideline.Provide backup coverage for analysts responsible for monthly market risk management reporting, mentor analysts to enhance their technical knowledge of market risk management and engage with the Financial Risk Oversight team and auditors to ensure appropriate review and oversight of key policies, procedures, and modeling assumptions.Support day-to-day treasury operations and funding activities, promote timely, data-driven decisions by driving operational efficiencies through automation using technologies like Excel, VBA, SQL, and Python, and drive strategic initiatives to expand the bank’s product and service offerings.

Required Qualifications:

Undergraduate degree in Finance, Economics, Accounting, or another quantitative discipline.Previous experience in managing market risks within the banking sector is required, along with a strong theoretical knowledge of, and prior experience implementing FTP systems.Accuracy, attention to detail and sound judgment are a must.A team player with a demonstrated ability to effectively manage internal relationships by collaborating within the department and across business units.High degree of flexibility and creativity is required; must be able to adapt to a constantly changing environment and to develop and update financial procedures and processes to meet such changes.Strong interpersonal, communication and organizational skills and the ability to work within a variety of group settings.Strong business acumen with a good understanding of the business environment in order to provide meaningful analysis and recommendations to the Treasury leadership team and ALCO.Always curious and willing to ask questions, explore areas for improvement and provide recommendations.

Preferred qualifications:

CFA and/or FRM designation would be considered a significant asset.Proficiency in data analytics using advanced Excel features, and programing/coding skills (e.g. SQL, Power Apps, Python) would be considered a strong asset.

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

#LI-Hybrid

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 recruitment@manulife.com.

Primary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$105,750.00 CAD - $190,350.00 CAD

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com 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 recruitment@manulife.com for more information about U.S.-specific paid time off provisions.