Assistant Actuarial Manager / Actuarial Manager, Asia Model Risk Management

John Hancock Financial

Company Type

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

Role Summary:

This is a key role in the Asia Model Risk team requiring sound actuarial knowledge and modeling skill. Being the expert in the team, he / she has to lead validation team (partner with external consultant) to properly conduct model vetting and identify all the critical issues in models used by Asia business units. Also, he / she should be proactive in driving the long term goal of operational efficiency in model validation process, and to ensure model validation to be carried out in accordance to the model risk policy and other company’s requirement.

He / she should also be very organized, possess good project management skills and flexible to take up the key model risk initiatives, such as on-going policy review and implementation.

Job Responsibilities:

  • Assist in managing the operation of model risk validation for all upstream and downstream models for on-going model risk management.
  • To lead and coordinate the model validation projects and provide annual spot checking support in accordance to the model risk policy and spot checking requirement.
  • Perform technical review and challenge the robustness of model validation results; also to identify emerging model risk and systemic issues during the model validation process.
  • Promote model risk culture across Asia business units; also work closely with local business units to follow up model risk matters.
  • Provide on-going performance management to validation team to ensure the robustness of work.
  • Drive to deliver the long term goal of operation efficiency in model validation.
  • Perform Model risk oversight, conduct model risk reporting, and escalate model risk issues to key risk stakeholders.
  • Drive the change and implementation of team’s initiatives.


Degree holder and possess professional actuarial qualification or equivalent.

  • Minimum 6 years’ experience in the life insurance or actuarial consultant industry (less experience would be considered as Assistant Manager).


  • Strong in people management and performance management of the team.
  • Sound actuarial modeling skills; and experience in AXIS is an advantage.
  • Good communication and project management skills.
  • Demonstrate initiatives, commitment and able to work independently.
  • Strong analytical skills, problem solving, and critical thinking.
  • Excellent interpersonal and communication skills to work across multiple parties.
  • Effective command of English, both spoken and written.

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 make their decisions easier and lives better. We operate primarily 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 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of December 31, 2018, we had over $1.1 trillion (US$794 billion) in assets under management and administration, and in the previous 12 months we made $29.0 billion in payments to our customers.

Our principal operations in Asia, Canada and the United States are 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.

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Confirmed 30+ days ago. Posted 30+ days ago.

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