Senior Director, Asset Liability Management

The AVP, Asset & Liability Management is a key member of the ALM leadership team, responsible for managing ALM risk and supporting earnings and capital objectives for [Emerging Market]. Stepping into an established mandate, the AVP will own existing ALM processes and frameworks, while driving continuous improvements in analytics, reporting, and execution in close partnership with Investments, Finance, and Risk.

Position Responsibilities

• Take Ownership of Existing ALM Mandate
• Assume responsibility for existing ALM strategies, risk limits, and reporting for [Emerging Market].
• Maintain and enhance current ALM processes (e.g., monthly ALM reporting, limit monitoring, committee materials).
• Ensure smooth transition of responsibilities from prior role holder, maintaining continuity for stakeholders. •
• ALM Strategy, Execution & Performance
• Execute and refine ALM strategies to manage interest rate, credit, liquidity, and reinvestment risks within approved risk appetite.
• Support portfolio positioning decisions, including asset mix, hedging, and new business strategies.
• Provide ALM input to product, pricing, and reinsurance decisions, ensuring alignment with earnings and capital targets. •
• Risk Management, Limits & Governance
• Monitor and report key ALM risk indicators (duration gaps, key rate durations, convexity, liquidity metrics, capital sensitivities).
• Lead ALM components of stress testing, scenario analysis, and regulatory/economic capital impact assessments.
• Prepare materials for ALCO/ALM Committees, Risk Committees, and senior management. •
• Modeling, Assumptions & Analytical Enhancements
• Oversee use of existing ALM models and tools; validate outputs and challenge results.
• Partner with Actuarial, Finance, and Investment teams to review and refine key assumptions (e.g., lapses, prepayments, dynamic policyholder behavior).
• Identify opportunities to streamline, automate, or improve ALM analytics and attribution (earnings and capital). •
• Stakeholder Management & Leadership
• Act as primary ALM point of contact for [named stakeholders – e.g., Canadian Segment CFO, CIO for Fixed Income, Chief Risk Officer for Emerging Market].
• Provide clear, actionable ALM insights to senior leaders; explain trade-offs between risk, earnings, and capital.
• Lead and coach a small team of ALM professionals/analysts (where applicable), providing guidance, feedback, and development opportunities. •
• Reporting & Communication
• Lead preparation of regular ALM reporting packages (monthly/quarterly) and ad-hoc analysis for management and regulators.
• Contribute to board, rating agency, and regulatory materials regarding ALM risk positioning for the relevant segment.
• Translate complex technical analysis into concise, business-oriented recommendations.

Required Qualifications

Education & Designations

• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Economics, Engineering or related field.
• Professional designation strongly preferred: FSA/FCIA, CFA, FRM, or equivalent.
• Graduate degree in a quantitative or finance-related field is an asset. •

Experience

• 8+ years of experience in ALM, actuarial, investments, or risk in insurance or financial services.
• Direct experience with life/health insurance, annuities, or wealth products and their risk profiles.
• Proven track record managing interest rate and market risks, including exposure to hedging and ALM modeling.
• Prior experience leading teams or projects and working with senior stakeholders. •

Technical Skills

• Strong understanding of:
• Asset-liability concepts (duration, key rate duration, convexity, cash flow matching, immunization).
• Regulatory and accounting frameworks (e.g., LICAT / capital regimes, OSFI or local regulations, IFRS 17/9 or local GAAP).
• Economic capital, stress testing, and risk-adjusted performance measures.
• Proficiency with ALM / actuarial modeling tools and analytical platforms (e.g., AXIS/Prophet/MoSes, plus Excel, and ideally SQL or Python/R). •

Soft Skills

• Strong analytical and strategic thinking with the ability to prioritize in a complex environment.
• Effective communicator, able to influence and challenge cross-functional stakeholders.
• Demonstrated leadership, ownership, and accountability, especially in a backfill context where continuity is critical.

Problems / Challenges

• Aligns diverse stakeholder interests and perspectives to achieve mutually beneficial outcomes that support the company’s long-term objectives.
• Effectively manages multiple projects simultaneously while operating under tight deadlines and competing priorities.
• Demonstrates the ability to work independently with minimal supervision, exercising sound judgment and accountability.

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. 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 hr@manulife.com .

Working Arrangement

Hybrid