Director/Associate Director, Asia Asset Liability Management

1 month ago


Singapore Manulife and John Hancock Full time
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

Job Description

Description - Director/Associate Director , Asia Asset Liability Management

The Global Asset Liability Management group plays a leadership role in the identification and assessment of ALM related risks globally, along with the development of investment and risk management strategies to support the company's business and financial objectives.

As a member of the Asia Asset Liability Management team, this position is based in Singapore. The position has responsibility for inforce ALM risk management and balance sheet optimization within the constraints of tax, capital, liquidity, accounting and reserving for Asia countries. This entails working closely with head of investment, CFO, CRO, Chief Actuary and Pricing officer in the country as their primary source of ALM contact and problem resolution. The position may also lead and support ALM projects on a regional basis.

Responsibilities:
  • Work closely with the ALM team in Toronto to develop and review ALCO and various risk and investment reports.
  • Monitor asset mix/quality/duration against approved benchmarks and recommend remedial actions on violations.
  • Oversee projects in the development and implementation of investment strategies and tactical decisions
  • Recommend and implement hedging strategy to manage risk and optimize return
  • Provide guidance to key local stakeholders (Head of Investments, CFO, CRO and Chief Actuary and Pricing Officer) on ALM and market risk related issues.
  • Effectively communicate with stakeholders at various levels within the business
  • Support other ALM teams in the development and execution of investment strategies, various reporting requirements and other ad-hoc projects.
  • Represent ALM to the business unit ALCO

Qualifications
  • Has a strong sense of ownership and work ethic to see projects to completion. Is undeterred by challenges/obstacles and will remain motivated and apply creative thinking to overcome them.
  • Has credibility and presence amongst peers and senior management through strong verbal, written and presentation skills. Can communicate clearly and succinctly on technical and business matters.
  • Will encourage, support and develop more junior colleagues. Be an ambassador for the team, proactively seeking opportunities to engage with colleagues across Manulife.
  • Able to work effectively in a team environment and across multiple disciplines and time zones
  • Actuarial or Investment experience. CFA/PRM/FRM, or other relevant designation is a plus
  • Minimum 5 years working experience in an investment environment or financial risk management
  • Strong knowledge of fixed income investments, derivatives, ALM, and asset and liability modelling

Problems / Challenges
  • A key challenge of the role is need to handle several projects simultaneously and work with tight deadlines
  • In addition, the successful candidate will need to be able to work independently, with minimal supervision.


About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.

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.

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