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Liquidity Program Oversight Director
Manulife Financial
Boston, MA, United States
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Job Description:
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
Job Description
• Supports the Liquidity Risk Management Committee’s (LRMC) oversight of the John Hancock Funds Liquidity Risk Management Program (JHI LRMP)
• Identifies liquidity risks in a timely manner and communicates emerging and/or material risks to senior management and the Chief Compliance Office’s
• The role requires deep understanding of liquidity risk, the tools employed to manage liquidity risk, including the sources & uses, resulting risks, and the reporting, governance & processes employed to manage that risk
• The person hired will be expected to work with considerable autonomy, as well as be part of a cross-departmental group responsible for liquidity risk management
• The person hired is expected to have subject matter expertise and be comfortable communicating with business and risk stakeholders of various levels
• Accountable for the oversight of the daily, weekly, monthly, and annual processes and events that make up the JHI LRMP, including the monthly review of the funds’ liquidity classifications, highly liquid investment minimums (HLIM), and illiquid securities
• Facilitates operational efforts such as reconciliation exceptions that require research, input from business units and / or Sub-Advisors, and decisions to be made on course of action
• Preparation of the annual written report outlining the adequacy and effectiveness of the LRMP, including the application of the HLIM, and any material changes to the program
• Collaborates with Investment Risk on the assessment, management, and periodic review of the funds’ Liquidity Risk, including whether funds’ strategies are appropriate
• Coordinates the LRMC information to drive decisions and follow up
• Makes decisions based on facts provided and understanding of the policies and procedures that make up the LRMP
• Communicates internally and externally (sub-advisers) regarding alert of liquidity events, status and results of analysis, and escalates as needed
• Provides reporting as prescribed by the policies and procedures to the LRMC, internal business units, John Hancock Board of Trustees, legal, etc.
• Monitors all information regarding the LRMP operations
• Provides administrative support for liquidity event management and facilitation for breaches of HLIM and / or the 15% rule
• Supports the Chief Compliance Officers in their efforts regarding controls and procedure testing related to the LRMP
• Augments operations as necessary and works to streamline operational processes and improve compliance controls
• Responsibilities may change over time as the LRMP processes mature. Additional Fund Administration and / or Risk Oversight responsibilities may be added as necessary.
If you are ready to unleash your potential it’s time to start your career with Manulife/John Hancock.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. At the end of 2016, we had $977 billion (US$728 billion) in assets under management and administration, and in the previous 12 months we made almost $26 billion in payments to our customers.
Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Manulife is committed to supporting a culture of diversity and accessibility across the organization. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request an accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.