The primary objective of this internship is to assist in reviewing and enhancing our current pricing models. The intern will gain hands-on experience in financial modeling, quantitative analysis, and the application of theoretical financial concepts to real-world scenarios. This role aims to provide valuable insights into the practical aspects of financial engineering and model development within our organization.

Position Responsibilities:

Introduction to an Existing Pricing Model: Understand the fundamentals of an existing pricing model used by the company. Review the current documentation, assumptions, and methodologies applied in the model.

Data Collection and Analysis: Gather relevant market data and historical information required for the model. Conduct exploratory data analysis to identify patterns, trends, and anomalies.

Model Review: Perform a thorough review of the current pricing model, identifying potential areas for improvement. Validate the model’s accuracy by comparing its outputs with market practice and alternative models. Document any discrepancies and propose adjustments to enhance model precision.

Enhancement and Testing: Implement proposed improvements and optimize the model’s performance. Conduct rigorous testing to ensure the model’s robustness and reliability under various market conditions.

Reporting and Documentation: Prepare detailed reports summarizing findings, improvements made, and the impact on the model’s accuracy. Update model documentation to reflect changes and ensure ease of understanding for future reference.

Required Qualifications:

Currently pursuing a master’s degree in Math, Finance, Physics, Engineering, Statistics, Actuarial Science, or related discipline.

Solid understanding in quantitative finance and contingent claim theory, and be familiar with the pricing of fixed income, interest rate and equity derivative investments.

Strong knowledge and programming experience in Python, C/C++, VB/VBA, etc. Object-oriented programming experience is preferred.

Sophisticated knowledge and experience in stochastic modeling as well as other numerical techniques, particularly, optimization techniques.

Application Instructions:

Submit your resume, cover letter, academic transcript, and work term evaluation (if any) in one PDF file.

Note: Applications are reviewed on a rolling basis, and successful candidates will be contacted by the end of January or February.

When you join our team:

We’ll empower you to learn and grow the career you want.

We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

As part of our global team, we’ll 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 https://www.manulife.com/en/about/our-story.html.

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].

Working Arrangement

Hybrid

Salary & Benefits

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. Please contact [email protected] for additional information.

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.

Quantitative Analyst Intern/Co-op

Manulife Financial

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