John Hancock Director, Global Derivatives Compliance in Boston, Massachusetts
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference and a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
The Derivatives Compliance Director position is responsible for ensuring that the Company has an appropriate global compliance program for its derivatives activities and their use with in the products offered by Manulife Asset Management (Public and Private Markets) and the General Account Investments. Where possible, the incumbent will leverage the existing compliance organizational structure (centers of expertise and monitoring teams) to deliver on his or her mandate. The position will report to the AVP of Derivatives Compliance and is responsible for :
Reviewing regulatory changes with a focus on those impacting the derivatives markets and evaluate the impact of such changes upon the relevant company businesses and related operational processes
Working with Operations, Front Office and IT teams to identify and mitigate compliance risks inherent to those areas
Managing the implementation and maintenance of applicable systems and work-flows ensuring proper controls and application of compliance standards.
Identifying, monitoring and tracking regulatory and enforcement-related developments affecting the company
Analyzing and assessing the business and compliance impact of regulatory developments and industry enforcement actions
Advising on regulatory developments and initiatives and informing strategic decision-making
Implementing new rules and regulations and changes to existing rules and regulations
Drafting new or amending existing Compliance policies and/or procedures to address regulatory developments and industry enforcement actions
Providing regulatory advice and guidance to front, middle and back office
Assisting in the development and implementation of consistent client account on-boarding and maintenance practices as it relates to derivatives
Developing and participating in applicable derivatives oversight/ governance structures imbedded with various business lines.
In collaboration with the Testing and Monitoring Teams, developing the monitoring and testing regimes to evaluate the efficacy and effectiveness of business controls to prevent, detect and correct violations of regulatory and contractual requirements.
Developing and delivering appropriate level of compliance training in the derivatives space to ensure that personnel supporting the firm’s derivatives investments are trained adequately in regulatory requirements
Escalating and reporting as appropriate matters concerning the firm’s ability to meet its regulatory and compliance obligations
Excellent knowledge of derivatives contracts, all operational aspects including execution, clearing and valuation, and reporting; of the evolving regulatory requirements with in key markets including the US, Canada, Europe, Hong Kong, Singapore and Japan.
Knowledge of the key rules and regulations governing derivatives, including the Dodd-Frank Act, CFTC and SEC rules/regulations, SRO rules, EMIR, securities acts/ordinance in other major jurisdictions.
Specific compliance investment monitoring experience with a variety of compliance monitoring systems
A risk, operations and/or compliance back-ground is very helpful
Attention to details, and excellent oral and written communication skills.
The position will need to be appropriately familiar with MAM, PAM and General Accounts products offered for distribution globally
Pro-active, self-motivated, quick-learner, assertive and well organized
5 to 10 years in investment advisory industry experience
Bachelor’s or Graduate’s degree in finance, business, or related quantitative field. CFA, or FRM is considered a plus but not required
This position is subject to the Securities and Exchange Commission’s Pay-to-Play Rule 206(4)-5 regarding political contributions by investment advisors and their covered associates.
- About the Company *
Manulife/John Hancock's Investment Division manages the Company's General Fund, on-balance sheet assets and through Manulife Asset Management, manages assets for institutional clients and investment funds in key markets around the world. The Division manages a broad range of investments including public and private bonds, public and private equities, mortgages, real estate, oil and gas, infrastructure, timberland, farmland and asset allocation strategies. The Division has physical presence in key international financial centers, including the United States, Canada, Hong Kong, Japan, the United Kingdom, Australia and throughout South East Asia.Manulife Asset Managementalso provides investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock.
About John Hancock Financial and Manulife *
John Hancock is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $1 trillion (US $754 billion) as at March 31, 2017. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
Agency submissions and contacts are by invitation only and must be initiated by John Hancock's Recruiting Department only. Unsolicited agency submissions will not be honored.
JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER - AA/F/M/D/V
Organization: *Back Office & Support
Title: Director, Global Derivatives Compliance
Requisition ID: 1707097