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Director, Modelling, Global Hedging - Variable and Indexed-Linked Products Join to apply for the Director, Modelling, Global Hedging - Variable and Indexed-Linked Products role at Manulife Director, Modelling, Global Hedging - Variable and Indexed-Linked Products 2 days ago Be among the first 25 applicants Join to apply for the Director, Modelling, Global Hedging - Variable and Indexed-Linked Products role at Manulife Position Overview Are you ready to lead a high-performing actuarial team with an expanding global impact? The Position Overview Are you ready to lead a high-performing actuarial team with an expanding global impact? The Global Hedging Variable and Indexed-Linked Products (GHVILP) team at Manulife Financial is seeking a Director to lead the Modelling Team, responsible for managing and enhancing our hedging programs for variable and indexed-linked products. About The Team The Global Hedging - Variable and Indexed-Linked Products (GHVILP) team is part of the Global Asset Liability Management function within the General Account Investments. The team is responsible for establishing and managing global hedging programs at Manulife Financial. The program currently manages both the companys balance sheet equity risk through the Macro program and the market risks associated with variable annuity (VA) and indexed universal life (IUL) products. About The Role As Director and team lead, you will play a pivotal leadership role in guiding a team of actuaries and quantitative analysts. You will be responsible for driving the modelling strategy, mentoring team members, and ensuring the delivery of high-quality actuarial insights that support our hedging programs. This high-impact role offers significant exposure to senior leadership and cross-functional teams, blending technical depth with strategic influence. You will also gain deep expertise in product design, hedging strategies, financial reporting, capital management, and modelling, while expanding your knowledge of financial derivatives and the broader capital markets. Key Responsibilities Lead and mentor grow a team of actuarial and quantitative professionals within the Modelling Team. Oversee daily hedging actuarial operations for a large derivatives portfolio, ensuring alignment with market risk exposures and IFRS17 standards. Conduct actuarial analysis of fair market value liabilities and sensitivities to market-based risk factors. Evaluate hedging performance and provide actionable insights to inform strategic decisions. Collaborate with ALM, Finance, Capital, Risk, and Strategy teams to support and expand hedging initiatives across insurance products. Monitor and assess emerging trends (e.g., regulatory changes, market liquidity, new tradable assets) to enhance the hedging framework. Identify and evaluate hedging related capital optimization opportunities. Serve as a key subject matter expert on dynamic hedging, engaging with stakeholders across the organization. Enhance and maintain in-house hedging systems, including model calibration, Python scripting, and PathWise integration. Lead and implement new hedging initiatives in partnership with Technology and business teams. Support stress testing, reporting, and timely responses to senior management inquiries. Qualifications Actuarial designation (FSA, FCIA, ASA) with 5+ years of relevant experience in roles of progressive responsibility OR strong background in finance or quantitative disciplines. Proven leadership experience in a technical or actuarial capacity. Deep understanding of hedging, derivatives, and market risk management. Proficiency in Python and actuarial modeling tools (e.g., PathWise). Results oriented, able to manage expectations, work under tight deadlines and manage competing priorities. Demonstrates advanced knowledge regarding technical aspects of work. Able to review data or results for reasonability and identify root causes and drivers of results. Strong communication skills and ability to collaborate across diverse teams. Strong business acumen with ability to communicate complex actuarial concepts and results in a clear, concise, easy to understand manner. When You Join Our Team Well empower you to learn and grow the career you want. Well recognize and support you in a flexible environment where well-being and inclusion are more than just words. As part of our global team, well 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 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 . Referenced Salary 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 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 for more information about U.S.-specific paid time off provisions. Seniority level Seniority level Director Employment type Employment type Full-time Job function Job function Other Industries Insurance Referrals increase your chances of interviewing at Manulife by 2x Get notified about new Director, Modelling, Global Hedging - Variable and Indexed-Linked Products jobs in Toronto, Ontario, Canada . 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