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Are you looking for a supportive, collaborative workplace with great teams and inspiring leaders? You’ve come to the right place. We’re looking for ambitious people who share our values and want to make every day better for people around the world. If this sounds like you, and the career below sounds exciting, we’d like to hear from you.
Working Arrangement
Hybrid
Job Description
The Opportunity
Global Derivative Services is responsible for all middle and back-office functions that support derivative trading enterprise-wide, including both the General Account and 3rd party funds managed by Manulife and John Hancock Asset Management. Over $300 billion notional is currently being managed across multiple legal entities, segments and portfolios. Instrument types include cleared and over-the-counter swaps, futures, options and FX. Daily functions include the daily monitoring of collateral positions and margin requirements across bilateral and exchange traded clearing accounts, derivative trade processing, reconciliation resolution, OTC and margin settlements, and fielding audit inquiries.
The Collateral Analyst should possess excellent communication skills (both written and verbal). Collaborating with the front office, solutions, IT and other operations teams will be essential for success.
Responsibilities:
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Collateral/margin management for Futures, OTC, and Cleared products including: issuing margin calls, substitutions, and cash management.
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Ensure variety of daily deliverables for Collateral Team are met.
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Continuously seek out ways to strengthen control environment.
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Develop and manage working relationships with clearing broker back office counterparts.
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Process internal ad hoc requests from various groups in a timely and efficient manner.
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Update or create new process documents for all tasks relevant to the position and maintain internal database of all process documents.
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Propose improvements to current processes that will increase the efficiency and effectiveness of the group.
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Contribute to the gathering of data for quarterly metrics reporting to senior management.
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Complete daily, weekly, monthly, quarterly, and year-end reporting duties in a timely manner.
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Contribute to the capacity and depth of Global Derivatives Services in order to respond to the organization’s current and future derivative collateral demands..
What motivates you?
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You obsess about customers, listen, engage and act for their benefit.
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You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
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You thrive in teams, and enjoy getting things done together.
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You take ownership and build solutions, focusing on what matters.
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You do what is right, work with integrity and speak up.
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You share your humanity, helping us build a diverse and inclusive work environment for everyone.
What we are looking for
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Relevant undergraduate education a must, degrees in Business, Accounting, Finance, or Economics Preferred
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3-5 years of investment operations experience, with at least 3 years of hands-on experience in derivative products
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Working knowledge and direct Middle/Back Office experience in, but not limited to, the following: Full Lifecycle of futures, OTC, and cleared derivative products
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International Swap & Derivatives Association (ISDA) documentation and CSA’s preferred
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Custodian/clearing broker operations, settlements, and associated reconciliations
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Ability to prioritize problems/tasks while working in a fast paced, deadline driven environment with a focus on accuracy
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Familiarity with FIS Apex product a clear advantage. MS Office suite, derivative trading/accounting platforms, collateral management systems, and third-party market data providers preferred.
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Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities
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Team player with demonstrated experience building and maintaining good working relationships both internally and externally
What we can offer you?
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A competitive salary and benefits packages.
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A learning culture which encourages you to follow your passions and learn new skills.
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A strong focus on growing your career path with us.
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Flexible work policies and clear work-life balance.
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Professional development and leadership opportunities.
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Staff discounts on various goods and services.
Our commitment to you
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Values-first culture: We lead with our Values every day and bring them to life together.
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Boundless opportunity: We create opportunities to learn and grow at every stage of your career.
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Continuous innovation: We invite you to help redefine the future of financial services.
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Delivering the promise of Diversity, Equity, and Inclusion: We foster an inclusive workplace where everyone thrives.
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Championing Corporate Citizenship: We build a business that benefits all partners and has a positive social and environmental impact.
Every career at Manulife/John Hancock provides the opportunity to learn new skills and move your career forward. Ready to make an impact somewhere? What are you waiting for? Apply today.
About John Hancock and Manulife
John Hancock is a unit of Manulife Financial Corporation, 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 globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com .
One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including life insurance , annuities , investments , 401(k) plans , and education savings plans . Additional information about John Hancock may be found at johnhancock.com .
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 [email protected] .
Salary & Benefits
The annual base salary for this role in the primary location of Toronto, Ontario is expected to be between $68,775.00 CAD – $114,625.00 CAD.
If you are applying for this role outside of the primary location, please contact [email protected] 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 [email protected] for more information about U.S.-specific paid time off provisions.
