Manulife Financial Corporation

Manager, Risk and Controls

Manulife Financial Corporation • $85K — $135K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in operational risk management or related fields
  • Bilingual in English and French (required in Québec)
  • Proven experience in leading and developing teams
  • Strong expertise in operational risk management and internal controls
  • Experience with Risk and Control Self-Assessments (RCSAs) and corrective action plans
  • Knowledge of quality management and continuous improvement practices
  • Familiarity with SOC1 controls or similar frameworks

Responsibilities

  • Lead and mentor a risk governance team in Retirement Operations
  • Execute the Operational Risk Management Framework and RCSAs
  • Advise business leaders on operational risks and control measures
  • Oversee SOC1 program delivery and deficiency management
  • Enhance quality controls and monitoring processes
  • Collaborate with audit and risk management teams for process improvements
  • Create and present risk insights for business decision-making

Benefits

  • Opportunities for career growth and development
  • Flexible work environment emphasizing well-being and inclusion
  • Comprehensive health, dental, and mental health benefits
  • Retirement savings plans including pension and share ownership
  • Generous paid time off program including vacation and sick days
  • Access to financial education and counseling resources
Full Job Description

The Manager, Risk & Control Governance provides risk and control leadership to Retirement Operations business units and is responsible for overseeing the execution of key components of the Operational Risk Management Framework. This role partners closely with operational leaders to identify, assess, monitor, and remediate operational risks while supporting a strong control environment and risk-aware culture.


The successful candidate brings a strong understanding of operational risk management, internal controls, quality management programs, SOC1 controls, and business operations. They are a trusted advisor who can effectively partner with stakeholders, lead a team of risk professionals, and provide practical, risk-based guidance to support business objectives.



Position Responsibilities:

  • Lead and develop a team responsible for risk and control governance activities across Retirement Operations
  • Oversee execution of the Operational Risk Management Framework, including Risk and Control Self-Assessments (RCSAs), reportable events, corrective action plans (CAPs), and governance reporting
  • Provide risk-based guidance to business leaders on operational risks, control effectiveness, remediation activities, and emerging risks
  • Oversee Retirement Operations' SOC1 program, including control governance, deficiency assessment, remediation tracking, and overall program delivery
  • Support the design, implementation, and monitoring of quality controls and quality management activities to strengthen the control environment
  • Partner with business leaders, audit, and risk management teams to support audits, issue remediation, process improvements, and strategic initiatives
  • Develop and present risk reporting, trends, and insights to support effective business decision-making

Required Qualifications:

  • 5+ years of experience in operational risk management, audit, internal controls, quality management, compliance, or a related discipline
  • Bilingualism (English and French) is an asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.
  • Experience leading and developing employees in a professional environment
  • Strong understanding of operational risk management, internal controls, governance practices, and risk assessment methodologies
  • Experience supporting or overseeing RCSAs, risk events, corrective action plans, audit activities, or control programs
  • Knowledge of quality management programs, control monitoring, and continuous improvement practices
  • Experience supporting SOC1 controls, assurance programs, or similar control frameworks
  • Strong analytical, problem-solving, and stakeholder management skills
  • Excellent written and verbal communication skills, including the ability to influence and present to senior leaders

Preferred Qualifications:

  • Experience within Retirement Operations or broader financial services operations
  • Experience with Archer or other Governance, Risk, and Compliance (GRC) platforms
  • Professional designations such as CPA, CIA, CRISC, or equivalent
  • Experience working with regulatory, audit, or assurance functions

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.

The role being advertised is an existing vacancy.

Referenced Salary Location

Waterloo, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$85,300.00 CAD - $135,300.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact for the salary range for your location.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our .

About Manulife Financial Corporation

John Hancock's core retail products in the U.S. focus on providing financial solutions at every stage of our clients' lives. Our product suite includes life insurance, mutual funds, 401(k) plans, long-term care (LTC) insurance, and annuities. We distribute our products primarily through licensed financial advisors, and through John Hancock Financial Network, a national network of independent firms.

Manulife Financial Corporation Careers

Join the dynamic team at Manulife Financial Corporation, a leading global financial services group dedicated to helping people make their decisions easier and lives better. With a presence in more than 20 countries, Manulife offers a diverse range of job opportunities that empower professional growth and innovation in the financial sector. Work You’ll Do At Manulife, every position contributes to our inclusive culture of diversity, leadership, and innovation. We are committed to fostering a workplace where every team member feels valued and has the opportunity for personal and professional growth. Join us to be part of a company that values your skills and passion. Explore a Wealth of Opportunities Whether you're seeking your first internship or a seasoned professional aiming to advance your career, Manulife offers a spectrum of career paths ranging from finance and marketing to technology and customer service. Our job opportunities are designed to enhance your skills through robust training programs and hands-on experience in a supportive environment. Innovate with Us Drive transformation in the financial services industry with Manulife’s commitment to technology and innovation. Work alongside over 34,000 professionals globally, leveraging cutting-edge tools and processes that redefine how financial services are delivered. Be Part of a Great Team Manulife’s team-oriented approach ensures that everyone’s voice is heard and valued. Collaborate with talented professionals from diverse backgrounds to develop solutions that improve the lives of our customers. Enjoy the benefits of a global company that supports your ambitions with resources and opportunities to lead and innovate. Future-Proof Your Career Manulife supports your career journey with continuous learning and development opportunities. From leadership training to networking events, we provide the tools to succeed and the platforms to showcase your achievements. Our commitment to career growth ensures that your journey with us will be rewarding and impactful. Stay Connected Join Our Team Discover the range of job opportunities at Manulife by exploring open positions that match your skills and interests. We are always on the lookout for curious, driven, and innovative team players who are ready to make a difference. Keep Up to Date Stay informed with the latest company news, career tips, and industry insights—all from the people who work here. Manulife is dedicated to providing you with the resources to thrive in your career. Job Alert Emails Customize your experience by subscribing to receive job alerts and insider information tailored to your preferences. Learn about exciting and rewarding opportunities as they arise and how you can be a part of our transformative team. Join Manulife Financial Corporation today and be part of a leading company where your career is as rewarding as it is impactful. Explore how far your talents can take you in an environment built on respect, integrity, and a desire to achieve the best outcomes for our clients and our team.
Learn more about Manulife Financial Corporation
Size
38,000 employees
Market Cap
$33.4 billion
Industry
Founded
1887
5 Year Trend
+1%
NASDAQ

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