Winter Co-op 2026 – Global Hedging - Variable and Indexed-Linked Products

**Please note there are specific application instructions required to be considered for this role**

At Manulife John Hancock, we believe in investing in the future - starting with you. Our General Accounts Co-op Program is your launchpad to success, offering the support, structure, and exciting opportunities you need to thrive and make your mark.

The Global Hedging - Variable and Indexed-Linked Products (GHVILP) team is part of the Global Asset Liability Management function within the General Account. The team is responsible for establishing and managing global hedging programs at Manulife. The program currently manages both the company’s balance sheet equity risk through the Macro program and the market risks associated with variable annuity (VA) and indexed universal life (IUL) products. As an intern/co-op, you’ll play a key role in the daily risk exposure mapping processes that drive our hedging programs. This is a unique opportunity to explore hedging strategies, risk analysis, and financial derivatives in a global investment environment.

There are two sub-groups within Global Hedging - Variable and Indexed-Linked Product: Strategy and Actuarial Modeling. This internship is within the Strategy group. The Strategy group is responsible for the hedging assets and is headed by the Director, Global Hedging - Variable and Indexed-Linked Products Strategy. The Strategy group’s primary responsibility is to identify our risk exposures and design robust hedging strategies to mitigate market risks. The Strategy group is also responsible for the monitoring and high-level reporting on the performance of all aspects of the group’s hedging programs.

Position Responsibilities:

• Produce aggregate exposure reports used to support our internal hedging programs

• Leverage Bloomberg and Reuters market data applications to:

• Ensure individual securities are correctly classified in the internal fund mapping application

• Ensure security classification data remains up-to-date and reflective of most recent corporate actions and other market related impacts

• Produce ad-hoc risk exposure reports for exchange traded funds and mutual funds hedged as part of the program

Required Qualifications:

• Pursuing an undergraduate degree in business, mathematics (preferably financial modelling) or actuarial science

• Detailed oriented and organized individual

• Good verbal and written communication skills

• Strong organizational and time management skills.

• Highly proactive, self-motivated, and capable of meeting tight deadlines.

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.

• As part of our co-op program, you will gain early access to Manulife John Hancock’s premier early talent program, GRO, tailored to graduating students! This program is designed to launch your career with the support, structure, and opportunities you need to thrive.

Application instructions:

• Submit your resume and cover letter in one PDF file.

• Please note: Applications are reviewed on a rolling basis, and successful candidates will be contacted by the end of October.

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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 recruitment@manulife.com.

Working Arrangement