Manager / Senior Manager, Derivatives Onboarding & Solutions, Investment Operations

Manulife Hong Kong
Hong Kong
Mar 13, 2019
Mar 16, 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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
Manulife Asset Management (MAM) is the asset management division of Manulife Financial Corporation. MAM's diversified group of companies and affiliates provides comprehensive asset management solutions for institutional investors, investment funds and individuals in key markets around the world. This investment expertise extends across a full range of asset classes including equities, fixed income, derivatives, and alternative investments such as oil & gas, real estates, timber, farmland, as well as asset allocation strategies. Manulife Asset Management has investment offices across multi-continents - Asia, North America and Europe. Manulife Asset Management has more than 100 years of experience managing portfolios for The Manufacturers Life Insurance Company, John Hancock Life Insurance Company, and other major clients and is a leading global investment management group.

Manulife Asset Management (Hong Kong) is the regional hub in Asia for the Investment Division, inclusive of Middle and Back Office. The Onboarding & Solutions team is one of the facets within the Investment Operations department, and is responsible for ensuring the successful implementation of new funds and portfolios, and provides solutions to the business in terms of investment operations across all asset classes. The team's duties include, but are not limited to, analysing new business initiatives, setting up new cash/market accounts and agreements, ensuring system connectivity, designing and implementing operational work flows, liaising with other business units on initiatives, and implementing solutions.

The incumbent is primarily responsible for working on various derivative onboarding and strategic projects, reporting and analysis to support the growing business needs for exchanged traded and OTC derivatives trading in the Asia regions. The incumbent will also support multiple operational onboarding initiatives assigned by the Associate Director to support the expanding mutual funds and institutional mandate businesses.

It is required that the incumbent will liaise with and coordinate with multiple internal and external parties. The internal parties include, but are not limited to, the Market & Model Risk Management, Investment Controllers Group, Front Office, Variable Annuities Hedging, Operations, Investment Systems, Legal and Compliance, and Product Development locally and across countries where necessary.

  • Provide advisory, analytical, project management and/or implementation services to business units in the roll-out of new derivatives products or strategies in support of business objectives for General Fund and Third Party businesses.
  • Be responsible for expanding counterparty choices of derivatives trading for the business by ensuring internal approvals / system readiness and external counterparties / cutodias set-up.
  • Liaise with global and Asian offices to share best practices and establish consistent derivative onboarding policies and procedures with global and Asian offices.
  • Support senior management & external reports, one-off issue resolution and operational activities as the need arises from the derivative space.
  • Assist in Investment Operations onboarding for new fund launches, new client mandates.
  • Establish good working relationships across operations system support and other business units to generate workable solutions and resolve issues quickly.
  • Fully understand business unit requirements, products and timelines. Conduct qualitative and quantitative research into the business models of assigned business units to formulate a clear picture of the business model and understand the linkage between the products, the liabilities incurred, and the supporting assets and derivatives, and the reasons for certain management strategies being employed.

  • Bachelor's degree in Finance, Project Managment or Business with at least 5+ years experience in the securities industry and/or investment operations.
  • Professional designation - CFA, PRM and/or FRM would be an asset.
  • Hands-on experience with listed and OTC derivatives especially on onboarding, trading agreements, valuation, settlement and collateral management processes.
  • Working knowledge of exchange-traded and OTC derivatives and regulatory reforms in U.S. (i.e. Dodd-Frank), Europe and Asia for OTC derivatives, specifically the Clearing and Trade Reporting of OTC derivatives.
  • Knowledge in hedge accounting for derivatives under IFRS, U.S. GAAP or Japan GAAP would be an asset.
  • Sound understanding of the roles and responsibilities of the various business units that interact in a new fund launch, new client mandate, portfolio restructuring within an asset management company and/or custodial environment is a definite plus.
  • Direct experience working in an Insurance Company Investment Division, Asset Management Company and/or brokeage environment is a strong advantage.
  • Computer literacy with common PC applications and experience with portfolio management platforms such as Bloomberg, Portia, Simcorp, Findur, APEX, and/or an aptitude to grasp and use a new system quickly, relatively independently and with depth.
  • Strong communication and presentation skill to deal with various internal and external parties and able to work under pressure.
  • A capacity to frame and solve problems using sound reasoning, innovation and creative thinking skills.
  • Ability to work independently to deliver on commitments and resolve issues.
  • Demostrate strong organizational, multi-tasking and task priorization ability to work in a fast changing environment.

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.