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Job Description

The Trader is responsible for the oversight and execution of the Firms cash desk responsibilities. Duties include but are not limited to assisting with the management of various money market and securities lending collateral funds, executing short term fixed income trades, and overnight cash management for the broader suite of Funds. S/he will advise Analysts and Portfolio Managers with ongoing information about market sentiment and the trading environment to assess events in the marketplace and to determine relative value.  In addition, trader will be part of the Investment Grade trading team, which focuses on IG rated corporate debt, Municipal debt, and Preferred securities, within the centralized fixed income trading desk at Manulife Investment Management.

Key Accountabilities:

Individual Accountabilities:

• Execute trades considering speed, profitability, volume determined in partnership with relevant Portfolio Manager.  Responsible for achieving best price relative to considerations; binds firm with purchase and sale of securities.


• Researches and communicates valuation of marketable securities to Trading  team and Portfolio Managers. 


• Recommend appropriate trading levels (price based on market, timing, availability, volume) to relevant Portfolio Managers and Senior traders.


• Build, maintain and leverage relationships with brokers. Recommends and supports other trading strategies of Senior traders to assist in broader trading efforts and alpha generation .


• Provide market color/relevant news and their effect on trading levels to Analysts and Portfolio Management in daily morning meeting and throughout the day.


• Screen bond offerings and determine dealer inventories and pricing.


• Provide trading levels to Analysts and Portfolio Management for pricing purposes. 


• Understand the trade settlement process and be able to quickly resolve trade issues with Operations and Settlement teams.

Job Requirements:

• Bachelors Degree required. CFA and/or MBA desired.


• Minimum 2-4 years asset management operational experience and 0-3 years direct experience in trading fixed income securities


• Fundamental understanding of securities and fixed income investments.  (Corporate Bonds:  Investment Grade, High Yield and Distressed, and Emerging Market Securities)


• Strong communication and interpersonal skills to maintain effective relationships with Brokers, Portfolio Managers, research Analysts and team members.


• Strong negotiation skills.


• Ability to recognize and prioritize competing demands to satisfy business need, including the importance of the pricing variables.


• Ability to make strong decisions under pressure and to respond quickly to news and change.


• Able to articulate deal information effectively to senior levels.


• Ability to develop and maintain strong business relationships internally and externally to include banks, investment banks and brokers through exceptional communication and relationship skills.


• Personal desire and ability to achieve best price.

Decision Authorities:

• Analyze market for pricing levels of trades; acts after assessment


• Execute trades, i.e. binds firm for purchase or sale of securities, for portfolios at proper levels


• Observe and discuss markets and recommend trade ideas to Portfolio Managers, Analysts and Senior Traders. 

JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER

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If you are ready to unleash your potential, its time to start your career with Manulife/John Hancock.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of September 30, 2020, we had $1.3 trillion (US$943 billion) in assets under management and administration, and in the previous 12 months we made $31.2 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

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 .

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