Winter Co-op 2026 – VA Hedging Strategy, Global ALM 

**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 Variable Annuity Hedging (GVAH) department, within the General Account Investment Division, is responsible for establishing and managing hedging programs at Manulife Financial. The program currently manages both the company’s balance sheet equity risk through the Macro program and the equity, bond, currency and interest rate risk through the variable annuity (VA) hedging program. This internship role will be focused on supporting the daily risk exposure mapping processes that form the foundation of the VA dynamic hedging program.

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