Manulife Financial Corporation

Manager / Senior Manager, AI Model Risk Governance, Standards & Enablement

Manulife Financial Corporation • $113K — $163K *
Enterprise Technology
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years experience in AI governance, model risk management, or related fields for Manager role, 10+ years for Senior Manager role.
  • Bachelor's degree in Computer Science, Data Science, AI, Statistics, Mathematics, Risk Management, Business, or related fields.
  • Proficiency in developing policies, standards, and governance frameworks for AI.
  • Experience with AI/machine learning in regulated industries, preferably financial services.
  • Strong communication and stakeholder management skills; ability to produce executive-level materials.
  • Bilingualism (English and French) is a strong asset, required in Québec.

Responsibilities

  • Lead the creation and enhancement of AI Model Risk Management policies and standards.
  • Translate regulatory requirements and AI risks into actionable governance frameworks.
  • Develop oversight methodologies and challenge frameworks for AI models.
  • Establish governance requirements for machine learning and related AI technologies.
  • Interpret AI model risk policies for stakeholders across the enterprise.
  • Design and conduct training and awareness programs on AI risk management.
  • Collaborate with various departments to ensure consistent AI governance practices.
  • Monitor new AI technologies and regulations to inform framework enhancements.

Benefits

  • Flexible work environment promoting well-being and inclusion.
  • Opportunities for career growth and development.
  • Customizable health, dental, vision, and life insurance benefits.
  • Robust retirement savings plans including pension and employer-matched shares.
  • Generous paid time off, including vacation and statutory leaves.
Full Job Description

Manulife is seeking an experienced Manager / Senior Manager, AI Model Risk Governance, Frameworks & Standards to lead the development and evolution of the enterprise AI Model Risk Management framework from an independent second-line perspective. This role offers a unique opportunity to shape how AI, Generative AI, and Agentic AI are governed across the organization by translating emerging risks, regulatory expectations, and industry practices into practical and scalable requirements. The successful candidate will combine strong AI and data science knowledge with exceptional policy development, stakeholder engagement, training, and communication skills to drive consistent and effective AI risk management. This role will play a key part in enabling the responsible adoption of AI while strengthening governance maturity across the enterprise.


Position Responsibilities:

  • Lead the development, maintenance, and enhancement of AI Model Risk Management policies, standards, procedures, methodologies, and governance guidance.
  • Translate evolving regulatory requirements, industry developments, and emerging AI risks into practical, risk-based governance requirements.
  • Develop and maintain Line 2 oversight methodologies, challenge frameworks, assessment tools, templates, and governance playbooks.
  • Establish governance requirements and risk management expectations for machine learning, Generative AI, foundation models, retrieval-augmented generation (RAG), and Agentic AI solutions.
  • Provide authoritative interpretation of AI model risk policies, standards, and governance requirements across the enterprise.
  • Design and deliver AI model risk training, awareness programs, job aids, and stakeholder education materials.
  • Develop executive presentations, governance committee materials, briefing notes, and communications for senior leadership.
  • Partner with business, technology, data science, legal, compliance, privacy, cybersecurity, validation, and risk teams to support consistent adoption of AI governance requirements.
  • Support targeted oversight reviews, thematic assessments, and challenge activities requiring policy interpretation or technical expertise.
  • Monitor emerging AI technologies, regulatory developments, and industry best practices to continuously enhance the framework.

Required Qualifications:

  • 7+ years of relevant experience for Manager-level candidates or 10+ years for Senior Manager-level candidates.
  • Bachelor's degree in Computer Science, Data Science, Artificial Intelligence, Statistics, Mathematics, Engineering, Risk Management, Business, or a related discipline.
  • Experience in AI Governance, Model Risk Management, Data Science, Machine Learning, Technology Risk, Policy Development, Model Validation, or related disciplines.
  • Experience developing policies, standards, governance frameworks, procedures, methodologies, or enterprise risk programs.
  • Experience working with AI and machine learning solutions within financial services or another highly regulated industry.
  • Proven ability to develop executive communications, governance materials, training content, and stakeholder-facing guidance.
  • Strong stakeholder management, communication, and influencing skills.
  • Bilingualism (English and French) is a strong asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec. 

 

Preferred Qualifications:

  • Advanced understanding of AI Model Risk Management frameworks and model lifecycle governance.
  • Experience designing governance requirements for Generative AI, large language models, foundation models, RAG, and Agentic AI.
  • Practical familiarity with Python, SQL, R, machine learning workflows, or analytics environments.
  • Experience translating regulatory requirements into enterprise-wide policies and governance standards.
  • Experience developing training programs, learning materials, or organizational capability-building initiatives.
  • Knowledge of AI-related regulatory expectations, responsible AI principles, technology risk, privacy, cybersecurity, and data governance frameworks.
  • Experience supporting executive committees, governance forums, or board-level reporting.

 

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. 

 

#LI-Hybrid

The role being advertised is an existing vacancy.

Referenced Salary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$113,000.00 CAD - $163,000.00 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 [email protected] 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 [email protected] for more information about U.S.-specific paid time off provisions.

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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