Venerable
The incumbent will have accountability for managing one or more functions (or key aspects of these functions) in Portfolio management and trading oversight of derivative positions to hedge capital market risk exposures of Variable Annuity liabilities and/or other risk exposures.
Primary Responsibilities:
Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.
Primary Responsibilities:
- Provides portfolio management and trading oversight of derivative positions to hedge capital market risk exposures of Variable Annuity liabilities and/or other risk exposures.
- Provides day to day management of derivative portfolios which include listed and OTC interest-rate and equity derivatives (e.g., futures, total-return swaps, interest-rate swaps, options and swaptions, and variance swaps).
- Develops innovative trade ideas/hedging strategies for efficient risk mitigation, opportunistic monetization, target market dislocations etc through a range of hedge structures including vanilla and exotics equity, rate and credit derivatives.
- Effectively communicates (verbally and in writing) and make trade recommendations to Senior Leadership (including C-suite).
- Develops sophisticated quantitative analytics to support portfolio management, hedge strategy development by leveraging financial engineering, capital markets, and product knowledge.
- Effectively manages day-to-day operations with small to medium sized projects in parallel under a dynamic environment that can involve shifting priorities; collaborating with other teams and creatively leveraging resources to meet aggressive deadlines.
- Partners with trading counterparties for latest market color, source relevant trade ideas, trade execution techniques.
- Bachelor's degree in Financial Mathematics (or related field); strong preference toward advanced degree (Master's or PhD in a Quantitative field)
- Advanced knowledge of Financial Mathematics with solid understanding of Derivative Pricing Theory, and their applications
- Minimum of 3 -5 years of progressive professional experience in the financial services industry
- Deep understanding of equity & rate derivatives markets, dynamics and flows
- Experience in developing derivative trading strategies, back-testing and managing asset liability risks
- Superior quantitative/analytic reasoning and problem-solving abilities and strong computer programming experience in VBA, Python, Matlab, C++ ...etc
- Strong communication skills (verbal and writing) to convey complex trade ideas in a simple manner.
Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.