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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Boston, Massachusetts

Salary: $74K - $124K

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 manulife.com. Details below.

Job Description

The Securitized Asset Analyst is accountable for making recommendations in the investment decision making process through thorough and timely independent analysis. Analyst is responsible for determining and compiling sources of information to conduct their own analysis as well as to support senior investment staff. The information is utilized for both the detailed investment analysis and portfolio construction phases of the investment process and contribute to building focused, high-performing, and well-structured portfolios.

The Analyst works in partnership with Research Lead, Senior Analysts or Portfolio Managers.

Functions must be performed in the context of the unique client-defined investment strategy and the work contributes to the strategy’s successful performance and the Company’s ability to raise assets. The research group’s investment analysis process includes a combination of fundamental and quantitative analysis of securitized deal structures and collateral as well as interpreting market data, trends, and economic forecasts.

Responsibilities

  • Work as part of the securitized research team to perform credit analysis and make recommendations on securitized assets as needed.  Sectors may include residential and commercial mortgage back securities, asset-backed securities, and structured credit.
  • Leverage quantitative skills to manage and evaluate large scale data sets as well as servicer and trustee reports as part of the monthly surveillance process.
  • Work as part of the securitized research group to help integrate fundamental, quantitative, and statistical analysis to assess and document the creditworthiness of collateral pools as well as the relative value/risk of various tranche positions and deal structures through scenario analysis.  Leverage deal specific cash flow models and large data set analysis tools as appropriate.
  • Foster relationships with various portfolio management teams to effectively communicate risks and support investment decisions and reporting needs.
  • Monitor bond market activity across all securitized fixed income markets. Provide portfolio managers and analysts with updated market news, trading activity and potential impact on market pricing.
  • Communicate periodically with sell-side personnel, including sales, trading, and research.
  • Perform ad hoc projects as necessary to support senior analysts.

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

  • Bachelor’s degree required; May hold advanced degree and/or CFA (Chartered Financial Analyst) or CAA (Chartered Asset Allocator) designation
  • Proficiency with Microsoft Office products required; proficiency with R, SQL, Intex and Trepp desirable, but not required
  • Typically has 2+ years of experience in asset management, i.e. operations, product, with 0-3+ years of dedicated investment analysis experience.
  • Sense of judgment and self-discipline to evaluate multiple opportunities and make appropriate investment decisions
  • Ability to work well with multiple levels of internal and external contacts; strong communications skills to effectively convey recommendations & rationale.
  • Strong organizational and analytical skills to complete detailed fundamental analysis
  • Demonstrated intellectual curiosity in learning about new asset classes and different deal structures.

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 stakeholders and has a positive social and environmental impact.