John Hancock Senior Quantitative Analyst in Boston, Massachusetts
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference and a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
About this Position
This role is vitally important and requires an individual who is motivated, detail oriented, and accountable; someone who can be self-reliant but can interact with multiple teams in a collaborative fashion. The ideal candidate should exhibit expertise in technical skills and should embrace a problem-solving mentality. You’ll have the opportunity to interact with a dynamic and intellectual group who believes in improving the customer’s experience while delivering high-quality advice. You will be a great fit if you enjoy working in a start-up environment and working with people and data to solve new challenges.
This role will work with the Director of Investment Strategy to support investment and risk management procedures for the US Digital Advice business. The US Digital Advice business seeks to provide holistic financial advice solutions backed by a powerful user experience and partnerships with internal and external investment managers and portfolio management. This is a newly established position with primary responsibilities of performing analysis of current and future advice algorithms, building or maintaining existing quantitative models, and providing support in the development and execution of algorithm oversight. The ideal candidate should exhibit superior technical and quantitative analytical skills coupled with an understanding of the investment management industry and an ability to present results to key business stakeholders in an organized manner.
Major Areas of Accountability:
Independently build and manage quantitative models in order for the business to evaluate and monitor the primary algorithms in practice or in development across multiple digital advice platforms.
Maintain proper documentation for model’s business use and model analytics; Develop and maintain a model inventory and provide ongoing model performance assessment
Perform validations of third-party models, including the development of benchmark models, for assessment of model accuracy and consistency against written objectives.
Partner with Investment Committee and business leaders to support and build new models related to advice delivery and/or portfolio management.
Assist the Investment Committee and investment team(s) in developing appropriate Monte Carlo simulations and risk analysis models on asset allocation portfolios.
Communicate effectively and collaborate with various internal groups, including Manulife Asset Management and Manulife’s Model Risk Management teams, as well as related Risk and Compliance teams to enhance existing due diligence procedures.
Participate in ad-hoc projects related to the digital advice business.
Bachelor’s Degree in a Finance, Economics, Mathematics or related fields; Advanced degree is a positive
At least three, but preferably at least five years of relevant financial modeling experience in investment management or finance industry
Strong preference for CFA Charterholder or an active candidate in the CFA Program
A working understanding of the investment management or advisory business with an ability to articulate investment concepts
Organized, analytical approach to problem solving requiring self-reliance and attention to detail
Strong technical skills with proficiency in MatLab, R, VBA, C , Python; Experience in financial systems such as FactSet, Bloomberg would be a plus
Proficiency in Microsoft Office
Excellent organization, interpersonal, and verbal and written communication skills with the ability to work in a fast-paced, start-up environment
About John Hancock Financial and Manulife
John Hancock is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $1 trillion (US $754 billion) as at March 31, 2017. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER - AA/F/M/D/V
Organization: *US Administration
Title: Senior Quantitative Analyst
Requisition ID: 1707917