Manager, Bank Treasury, Manulife Bank
- Recruiter
- John Hancock
- Location
- Waterloo, Ontario, Canada
- Salary
- Competitive salary
- Posted
- 19 Oct 2020
- Closes
- 20 Oct 2020
- Ref
- 0411572
- Job role
- Treasury
- Experience level
- Manager
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
Job Description
The Manager, Bank Treasury position at Manulife Bank (MBC) offers an opportunity for a strong finance and treasury professional to grow and demonstrate banking expertise in an encouraging and diverse environment. As a member of the team and reporting to the AVP, Assistant Treasurer, Manulife Bank you will be exposed to virtually all aspects of banking, including: liquidity risk management, cash management, GIC and mortgage pricing, retail and wholesale funding strategy, mortgage securitization and asset/liability management.
The Treasury Team at MBC owns the bank's cash and liquidity risk, while providing the reporting and analysis required to drive the Bank's long-term strategy and daily responses to constantly evolving market conditions. Key characteristics of this position involve utilizing niche finance expertise, general financial knowledge and skills to provide analysis and recommendations to the Treasury leaders, Treasurer, ALCO (Asset/Liability Committee) and Bank Senior Management.
The immediate focus of this position would include supporting the development and maintenance of the Bank's liquidity framework, including stress testing, metrics reporting and analytics consistent with the Bank's liquidity management policies and regulatory requirements. Additional requirements of this position involve project work with various areas within MBC and MLI/MFC, as well as departmental administration duties as required.
Key Accountabilities:
As part of MBC's Treasury Team, the Manager, Bank Treasury is a dynamic role where responsibilities rotate periodically to support the various functional areas and leaders within the team. The focus of this role includes:
Other accountabilities/opportunities, on a rotational basis, may include, but are not limited to:
Qualification
If you are ready to unleash your potential, it's time to start your career with Manulife/John Hancock.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of June 30, 2019, we had over $1.1 trillion (US$877 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, 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. 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 and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.
Job Description
The Manager, Bank Treasury position at Manulife Bank (MBC) offers an opportunity for a strong finance and treasury professional to grow and demonstrate banking expertise in an encouraging and diverse environment. As a member of the team and reporting to the AVP, Assistant Treasurer, Manulife Bank you will be exposed to virtually all aspects of banking, including: liquidity risk management, cash management, GIC and mortgage pricing, retail and wholesale funding strategy, mortgage securitization and asset/liability management.
The Treasury Team at MBC owns the bank's cash and liquidity risk, while providing the reporting and analysis required to drive the Bank's long-term strategy and daily responses to constantly evolving market conditions. Key characteristics of this position involve utilizing niche finance expertise, general financial knowledge and skills to provide analysis and recommendations to the Treasury leaders, Treasurer, ALCO (Asset/Liability Committee) and Bank Senior Management.
The immediate focus of this position would include supporting the development and maintenance of the Bank's liquidity framework, including stress testing, metrics reporting and analytics consistent with the Bank's liquidity management policies and regulatory requirements. Additional requirements of this position involve project work with various areas within MBC and MLI/MFC, as well as departmental administration duties as required.
Key Accountabilities:
As part of MBC's Treasury Team, the Manager, Bank Treasury is a dynamic role where responsibilities rotate periodically to support the various functional areas and leaders within the team. The focus of this role includes:
- Support the development and implementation of robust policies, procedures and controls to appropriately measure, identify, lead, and control existing and emerging risks related to liquidity.
- Analyze and report on liquidity positions for the Bank with a focus on regulatory requirements and stress testing.
- Accountable for the completion, collection and dissemination liquidity reports, stress testing, Basel III liquidity ratios, B-6 OSFI liquidity guidelines and related regulatory ratios.
- Support continuous improvements and development in liquidity reporting.
- Play a key role in the implementation of projects related to liquidity management for the Bank.
- Propose best practices and analytical techniques for use of measurement of liquidity risk and provide input within the team
- Stay well informed of current industry developments and relevant regulatory initiatives and ensure readiness to achieve compliance with new regulation.
- Complete ad-hoc liquidity analytics as requested by management.
Other accountabilities/opportunities, on a rotational basis, may include, but are not limited to:
- Handle the income, market value and duration risks to interest rates
- Be responsible for the ALCO reporting and management of the financial risk software within the Bank
- Analyze and closely supervise the spreads and liquidity of Canadian and international wholesale markets
- Assess current market conditions to form strategies and recommend actions to take regarding wholesale issuance options
- Support the management and oversight of the CMB issuance and reinvestment process.
- Closely supervise the investments' portfolio of the Bank and recommend strategies to improve the performance of the portfolio.
- Maintain the pricing, COF and ROC models used in Treasury and update them as the need arises.
- Support the development of new private Securitization programs and new funding channels
- Participate in strategic initiatives that will expand the Bank's product and service offerings
- Supervising and reviewing competitor interest rates and product pricing data to provide recommendations on interest rate changes
- Actively take part in ALCO and Pricing Committee meetings and processes
- Ensure efficient functioning of Treasury hedging function by providing administrative and strategic support while optimal partnering with internal and external parties.
- Lead, mentor and coach a team of high performing analysts Work with the Treasury team to increase departmental efficiency through automation
Qualification
- Undergraduate or Post Graduate University degree in Quantitative and/or Business discipline with 5+ years of relevant experience
- Previous work experience in Treasury and/or Finance in banking is a strong asset
- Prior experience in liquidity risk or market risk, as well as Knowledge of regulatory liquidity rules and regulations an asset
- Must have very strong quantitative, analytical and financial analysis skills
- A team player with demonstrated ability to efficiently lead internal relationships by collaborating within the department and across business units
- Experience in prioritizing and leading multiple projects simultaneously
- Proficient in PC applications especially MS Excel, Access and programming/coding skills (e.g. SQL) are definite assets
- High degree of flexibility and creativity required; being able to adapt to a constantly changing environment and to develop and adapt financial procedures and processes to meet such changes
- Accuracy, attention to detail and good judgment
- Strong business acumen with a good understanding of the business environment in order to provide meaningful analysis
- Effective written and verbal communication skills to deal with internal/external customers and senior management
- General knowledge and experience in capital market instruments, funding mechanisms, securitization and derivatives is desirable
If you are ready to unleash your potential, it's time to start your career with Manulife/John Hancock.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of June 30, 2019, we had over $1.1 trillion (US$877 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, 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. 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 and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.