Director Of Portfolio Management And Trading Oversight
This important Director role is regarded as a subject matter expert (SME) for Portfolio management and trading oversight of derivative positions to hedge capital market risk exposures of Variable Annuity liabilities and/or other risk exposures. The Director will lead one or more aspects of our derivative performance programs and will also develop and provide direction to more junior staff members.
The primary work location for this opportunity will be West Chester, Pennsylvania with secondary preference to our New York City office.
Primary Responsibilities:
- Assumes ownership and accountability on one or more aspects of derivative portfolio performance 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)
- Leverages expertise to provide input on 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 provides input on various initiatives including trade recommendations to Senior Leadership.
- Leverages their influence to support standards in terms of quantitative analytics needed to support portfolio management, hedge strategy development by leveraging financial engineering, capital markets, and product knowledge.
- Supports leadership in fostering productive relationships with banks and/or vendors.
- May commonly manage, mentor and guide members of the team of quantitative and/or capital market professionals.
Key Qualifications:
- 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
- Superior quantitative/analytic reasoning and problem-solving abilities and strong computer programming experience in VBA, Python, Matlab, C++ etc
- Minimum of 7 years of progressive professional experience in the financial services industry
- Strong understanding of equity derivatives markets, dynamics and flows
- Experience in developing derivative trading strategies, back-testing and managing asset liability risks
- Ability to influence; support and drive change.
- Ability to focus on "big picture" view while driving into details
- Strong communication skills (verbal and writing) to convey complex trade ideas in a simple manner
Note: Position level is flexible and commensurate with a candidate's overall experience and qualifications as related and aligned to the role.
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.