Derivatives Risk, Senior Data Analyst

Manulife Financial
197 Clarendon Street, Boston, MA
Salary will be discussed should you be selected to move forward in interview process
03 May 2022
02 Jul 2022
Employment Type
Full Time

The Derivatives Risk Senior Data Analyst (the “Analyst”) will report directly to the Derivative Risk Oversight Director. The position is responsible for supporting all day-to-day operations of the Derivative Risk Management Program (”DRMP”), including review of quantitative analytics, monitoring of risk metrics and related derivatives risk analysis, and reporting results of the various testing conducted under the program. A strong partnership with internal business partners such as IT, Investment Risk, Data Management, and the Chief Compliance Office will be necessary to identify and resolve exceptions identified and data issues on a daily, monthly, quarterly, and annual basis.

Individual Responsibilities:

  • Manage the daily, weekly, monthly, quarterly and annual processes and operations that support the DRMP
  • Utilize qualitative and quantitative risk analysis tools to identify, assess and monitor risks related to the funds’ use of derivatives
  • Monitoring daily derivative exposure and results of VaR testing, backtesting and stress testing, and timely escalation of any exceptions or material risks identified
  • Periodically test and/or review monitoring results of various risk guidelines, evaluate any exceptions, and escalate as necessary
  • Manage the daily workflow for data exceptions to ensure that issues are resolved independently or routed to the appropriate group for resolution and tracking of resolved items
  • Support research and analysis on various technical and complex matters relating to certain aspects of the DRMP and other risk management topics
  • Collaborate with the Investment Risk, Liquidity Risk and Data Governance teams along with external vendors to evaluate availability and quality of security data to support risk metrics and guidelines
  • Prepare various derivative risk management reports provided to the Derivatives Risk Manager/GPIR and other key stakeholders such as internal governance and risk committees, senior management, the Funds’ Board and sub-advisers
  • Assist with the periodic review of the program and preparation of the annual written report evaluating the adequacy and effectiveness of the DRMP, including summarization of fund risk profiles, various derivatives risk monitoring and testing results, evaluation of the risk models used, and assessment of program operations
  • Supports the Fund Reporting group in DRMP related regulatory reporting activities (for Forms N-RN, N-PORT, N-CEN, etc.)
  • The person hired will be expected to:
    • Work seamlessly both within the department as well as part of a cross-departmental group responsible for derivatives risk management
    • develop deep knowledge of the John Hancock Funds platform and existing risk management practices, as well as the data, risk systems and technology that will underpin the DRMP
    • develop subject matter expertise and a strong ability to communicate with other stakeholder groups within the organization


This job description does not represent a comprehensive listing of job duties that are required of the employee performing this role. We reserve the right to change duties or assign additional duties at any time with or without notice.

Job Requirements:

  • Bachelor’s degree required; Master’s degree preferred
  • CFA or CAIA designation preferred




  • Minimum of 5+ years of industry experience, preferably in fund / investment management operations
  • Bachelors' degree or College diploma in Finance, Economics, Mathematics, or Accounting required
  • Knowledge of derivative instruments, their uses and associated risks required
  • Proficiency with quantitative risk analytics (ex-ante risk forecasting, VaR, backtesting, stress testing, etc.)
  • Strong technical skills with Excel
  • Knowledge of SQL and related applications used to access and work with databases
  • Experience developing interactive dashboards and reports using visualization tools such as Microsoft, PowerBI would be a plus
  • Strong quantitative, problem solving and analytical skills
  • Strong communication and collaboration skills
  • Understanding of operational controls
  • Data analysis & data mining
  • Experience in Audit, Compliance or Investment Risk roles would be a plus


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