Lincoln National
Sr. Quantitative Derivative Strategist
Lincoln National, Villanova, Pennsylvania, United States
Alternate Locations:
Radnor, PA (Pennsylvania)
Work Arrangement:
Hybrid : Employee will work 3 days a week in a Lincoln office
Relocation assistance:
will be considered/provided for this opportunity within our company guidelines.
Requisition #: 75514
Market Risk Management Overview The Market Risk Management team is redefining how insurers manage market volatility. We’re a collaborative group of quantitative strategists, derivative portfolio managers, and risk experts dedicated to protecting the balance sheet and maximizing capital efficiency across our large and sophisticated VA, RILA, FIA, IUL, and other product portfolios.
Our work blends advanced quantitative modeling, dynamic hedging, and cross-asset risk analytics — spanning equity, interest rates, volatility, credit, and FX — to deliver precision risk mitigation. We leverage proprietary valuation systems, cutting edge technologies, and integrated risk frameworks to optimize hedge effectiveness and align with both economic and regulatory objectives.
This is a space where technical excellence meets strategic influence. You’ll partner with actuarial, investments, and finance teams to shape the future of asset-liability management, contribute to product innovation, and lead initiatives that directly impact enterprise capital and earnings stability.
Senior Derivative Portfolio Manager – Role Overview The Senior Derivative Portfolio Manager will report directly to the VP, Derivative Portfolio Manager and play a key role within Lincoln’s Market Risk Management. This position is responsible for supporting the design, implementation, and management of hedging solutions for Lincoln’s Annuities and Life businesses.
The individual will work closely with a team of trading strategists and cross-asset traders to oversee an industry-leading derivative trading program, focusing on day-to-day portfolio management, quantitative model development, and market risk mitigation.
Key Responsibilities
Research, back‑test, and execute complex derivative hedging strategies to mitigate capital market risks embedded in Lincoln’s annuity and life products.
Work closely with the Derivative Trading Desk to monitor market dynamics and enhance existing hedging strategies.
Utilize programming skills to build and maintain infrastructure to analyze and oversee QIS hedge portfolio.
Design and build complex back‑testing tools to assess efficacy of current and proposed derivative hedging strategies.
Leverage counterparty relationships to remain up to date on market regulation and best‑in‑class hedging/derivative strategies.
Develop tools to monitor and improve transaction and collateral costs for our derivative portfolio.
Produce and convey complex technical presentations to senior management on hedge effectiveness, strategy back‑tests, and derivative pricing.
Act as subject matter expert and collaborate with stakeholders including Pricing & Product Teams, Legal, Life, Funds Management, Investments, and Accounting.
Effectively manage day-to-day operations and support multiple small to medium‑sized projects in parallel within a dynamic environment.
Conceptualize and implement original trading concepts and hedging approaches to manage risk and capitalize on market opportunities.
Drive technology and operational efficiencies and introduce innovative capital markets ideas for new insurance product development.
What We’re Looking For
5+ years of increasing experience in a hedging/trading strategist role, with demonstrated risk management expertise.
Strong understanding of capital markets, derivatives, hedging strategies, and insurance product structures, including annuities.
Experience with derivatives in insurance, banking, or hedge funds.
Solid knowledge of quantitative finance, option theory, linear algebra, and optimization.
Strong programming skills in Python, SQL, R, Matlab, Excel/VBA.
Excellent communication skills to explain complex technical concepts.
Advanced degree (Master’s or Ph) in quantitative finance, mathematics, statistics, engineering, or related field (Bachelor’s with significant experience considered).
Hybrid working arrangement in Radnor, PA preferred.
Application Deadline: Applications for this position will be accepted through February 15th, 2026 subject to earlier closure due to applicant volume.
Benefits
Clearly defined career tracks and job levels with associated behaviors for Lincoln's core values and leadership attributes.
Leadership development and virtual training opportunities.
PTO and parental leave.
Competitive 401K and employee benefits.
Free financial counseling, health coaching and employee assistance program.
Tuition assistance program.
Work arrangements that work for you.
Effective productivity and technology tools and training.
Equal Opportunity Employer Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin or veteran status. Lincoln complies with E‑Verify.
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Radnor, PA (Pennsylvania)
Work Arrangement:
Hybrid : Employee will work 3 days a week in a Lincoln office
Relocation assistance:
will be considered/provided for this opportunity within our company guidelines.
Requisition #: 75514
Market Risk Management Overview The Market Risk Management team is redefining how insurers manage market volatility. We’re a collaborative group of quantitative strategists, derivative portfolio managers, and risk experts dedicated to protecting the balance sheet and maximizing capital efficiency across our large and sophisticated VA, RILA, FIA, IUL, and other product portfolios.
Our work blends advanced quantitative modeling, dynamic hedging, and cross-asset risk analytics — spanning equity, interest rates, volatility, credit, and FX — to deliver precision risk mitigation. We leverage proprietary valuation systems, cutting edge technologies, and integrated risk frameworks to optimize hedge effectiveness and align with both economic and regulatory objectives.
This is a space where technical excellence meets strategic influence. You’ll partner with actuarial, investments, and finance teams to shape the future of asset-liability management, contribute to product innovation, and lead initiatives that directly impact enterprise capital and earnings stability.
Senior Derivative Portfolio Manager – Role Overview The Senior Derivative Portfolio Manager will report directly to the VP, Derivative Portfolio Manager and play a key role within Lincoln’s Market Risk Management. This position is responsible for supporting the design, implementation, and management of hedging solutions for Lincoln’s Annuities and Life businesses.
The individual will work closely with a team of trading strategists and cross-asset traders to oversee an industry-leading derivative trading program, focusing on day-to-day portfolio management, quantitative model development, and market risk mitigation.
Key Responsibilities
Research, back‑test, and execute complex derivative hedging strategies to mitigate capital market risks embedded in Lincoln’s annuity and life products.
Work closely with the Derivative Trading Desk to monitor market dynamics and enhance existing hedging strategies.
Utilize programming skills to build and maintain infrastructure to analyze and oversee QIS hedge portfolio.
Design and build complex back‑testing tools to assess efficacy of current and proposed derivative hedging strategies.
Leverage counterparty relationships to remain up to date on market regulation and best‑in‑class hedging/derivative strategies.
Develop tools to monitor and improve transaction and collateral costs for our derivative portfolio.
Produce and convey complex technical presentations to senior management on hedge effectiveness, strategy back‑tests, and derivative pricing.
Act as subject matter expert and collaborate with stakeholders including Pricing & Product Teams, Legal, Life, Funds Management, Investments, and Accounting.
Effectively manage day-to-day operations and support multiple small to medium‑sized projects in parallel within a dynamic environment.
Conceptualize and implement original trading concepts and hedging approaches to manage risk and capitalize on market opportunities.
Drive technology and operational efficiencies and introduce innovative capital markets ideas for new insurance product development.
What We’re Looking For
5+ years of increasing experience in a hedging/trading strategist role, with demonstrated risk management expertise.
Strong understanding of capital markets, derivatives, hedging strategies, and insurance product structures, including annuities.
Experience with derivatives in insurance, banking, or hedge funds.
Solid knowledge of quantitative finance, option theory, linear algebra, and optimization.
Strong programming skills in Python, SQL, R, Matlab, Excel/VBA.
Excellent communication skills to explain complex technical concepts.
Advanced degree (Master’s or Ph) in quantitative finance, mathematics, statistics, engineering, or related field (Bachelor’s with significant experience considered).
Hybrid working arrangement in Radnor, PA preferred.
Application Deadline: Applications for this position will be accepted through February 15th, 2026 subject to earlier closure due to applicant volume.
Benefits
Clearly defined career tracks and job levels with associated behaviors for Lincoln's core values and leadership attributes.
Leadership development and virtual training opportunities.
PTO and parental leave.
Competitive 401K and employee benefits.
Free financial counseling, health coaching and employee assistance program.
Tuition assistance program.
Work arrangements that work for you.
Effective productivity and technology tools and training.
Equal Opportunity Employer Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin or veteran status. Lincoln complies with E‑Verify.
#J-18808-Ljbffr