Job Description

Are you looking for a supportive, collaborative workplace with great teams and inspiring leaders? You\xe2\x80\x99ve come to the right place. We\xe2\x80\x99re looking for ambitious people who share our values and want to make every day better for people around the world. If this sounds like you, and the career below sounds exciting, we\xe2\x80\x99d like to hear from you.

Working Arrangement

Hybrid



The Head of Securitization Reporting will have overall accountability for the reporting and control functions related to the bank\xe2\x80\x99s proprietary and government sponsored securitization programs. Manulife Bank\xe2\x80\x99s securitization programs are an important funding source for the Bank, and account for more than $8 billion of the Bank\xe2\x80\x99s current funding and liquidity.

The Head of Securitization Reporting leads a successful team of 5 individuals and works in a matrix environment with dual reporting to the Bank Treasurer and the CFO. This structure enables the Head of Securitization Reporting to play an influential role in helping to define the Bank\xe2\x80\x99s overall funding and liquidity strategy.

The successful candidate will be responsible for the management of all investor reporting and accounting for the Bank\xe2\x80\x99s securitization programs, ensuring ongoing compliance with note-holder agreements and published program guidelines. The position also includes creating and maintaining productive working relationships with mortgage default insurers, swap counterparties, vendors, and the securitization teams at other banks.

Responsibilities

Represent Manulife Bank on the Mortgage-Backed Securities Issuers Association (MBSIA), an association of all Canadian banks, trust companies, and credit unions, with a purpose of advising CMHC on issues and future enhancements related to government sponsored securitization programs.

Overall accountability for the accuracy and efficiency of accounting, investor reporting, and financial statement preparation for Platinum Canadian Mortgage Trust II (PCMT II), ensuring that all reporting is compliant with program agreements and meets the needs of investors.

Jointly with the bank\xe2\x80\x99s Treasury team, work on the development of new securitization programs.

Oversight of the security issuance process, including review and execution of all documents related to the National Housing Act Mortgage-Backed Securities (NHA MBS) and Canada Mortgage Bond (CMB) programs.

Responsible for design and implementation of the risk framework and control systems for the bank\xe2\x80\x99s securitization programs, ensuring that all programs are aligned with regulatory guidance, contractual requirements, and other program requirements.

Work with mortgage default insurance partners, CMHC, Sagen, and Canada Guaranty clarify policies, address systemic issues, and direct the volume of insurance allocated to each partner.

Day-to-day management of relationships with 3rd party mortgage originators, and service providers engaged in various aspects of our securitization programs, including CIBC Mellon, Computershare, BNY Mellon, TAO Solutions and CDS.

Manage accounting for Manulife Bank\xe2\x80\x99s Multi-Unit Residential (MUR) mortgage securitization program, and ensure controls are in place that result in appropriate calculation of gains and retained interest.

Provide subject matter expertise on Mortgage Default Insurance within Manulife Bank, providing guidance on insurer regulations and requirements to other departments.

Advise financial reporting and regulatory reporting teams on new securitization initiatives that impact the financial statements and appropriate accounting treatment for securitization programs.

Review and approval of securitization section of the bank\xe2\x80\x99s Pillar III reporting.

Responsible for the testing and implementation of updates to the NHA MBS securitization system (Mortgage Hub) software.

Responsible to ensure that the bank receives a clean audit opinion for Platinum Canadian Mortgage Trust II, as well as satisfactory opinions on internal audits, CMHC audits, and CMHC annual requirements for the NHA MBS and CMB programs.

What motivates you?

You obsess about customers, listen, engage and act for their benefit.

You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

You thrive in teams and enjoy getting things done together.

You take ownership and build solutions, focusing on what matters.

You do what is right, work with integrity and speak up.

You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

CPA or CFA Designation

Strong working knowledge of securitization programs and/or the banking industry is an asset

Ability to interpret, analyze and implement legal agreements and program requirements

Strong communication and relationship management skills

Ability to solve problems independently

Works well in a matrix environment

Strong people leadership skills

Strong attention to detail and ability to manage tight deadlines

Knowledge of Oracle SQL is an asset

What can we offer you?

A competitive salary and benefits packages.

A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.

A focus on growing your career path with us.

Flexible work policies and strong work-life balance.

Professional development and leadership opportunities.

Our commitment to you

Values-first culture
We lead with our Values every day and bring them to life together.

Boundless opportunity
We create opportunities to learn and grow at every stage of your career.

Continuous innovation
We invite you to help redefine the future of financial services.

Delivering the promise of Diversity, Equity and Inclusion
We foster an inclusive workplace where everyone thrives.

Championing Corporate Citizenship
We build a business that benefits all partners and has a positive social and environmental impact.

Every career at Manulife/John Hancock provides the opportunity to learn new skills and move your career forward. Ready to make an impact somewhere? What are you waiting for? Apply today.

About John Hancock and Manulife

John Hancock is a unit of Manulife Financial Corporation, 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 globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at .

One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including , , , , and . Additional information about John Hancock may be found at .

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 .

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location CAN, Ontario, Toronto, 200 Bloor Street East

Salary range is expected to be between $100,500.00 CAD - $180,900.00 CAD

If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual 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.

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 for more information about U.S.-specific paid time off provisions.

Manulife