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Derivative Portfolio Associate
Derivative Portfolio AssociateVenerable • West Chester, PA, US
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Derivative Portfolio Associate

Derivative Portfolio Associate

Venerable • West Chester, PA, US
[job_card.30_days_ago]
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  • [job_card.full_time]
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Derivative Portfolio Associate

As a Derivative Portfolio Associate you will have accountability on our Derivative Strategy & Trading team for managing one or more aspects of functions to support derivative portfolio managers in hedging capital market risk exposures of Variable Annuity liabilities and / or other risk exposures.

Principle Responsibilities :

  • Monitor 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)
  • Research innovative trade ideas / hedging strategies and / or explain portfolio P&L performance and insights through clear risk reporting
  • Build quantitative / analytical tools to support portfolio management and / or hedge strategy development and / or risk reporting by leveraging financial engineering, capital markets, and product knowledge
  • Participate in various quantitative projects as needed to help support overall Hedging / Risk teams goals & objectives
  • Constant monitoring of market trends, news and economic indicators impacting the portfolio
  • Conduct research / analysis on market trends, financial instruments or new strategies evolving in the market

Knowledge, Skills and Abilities :

  • 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 1 - 3 years of progressive professional experience in the financial services industry
  • Experience in developing derivative trading strategies and / or developing risk reports which explain key drivers of P&L
  • Knowledge of equity & rate derivative instruments from both theoretical and practical perspective
  • Strong computer programming skills in Python based environment linked to excel / VBA models
  • Superior quantitative / analytic reasoning and problem-solving abilities
  • Ability to work under pressure and in a fast-paced work environment
  • Adaptability to market changes and evolving trading strategies
  • Comfortable with ambiguity and manage shifting priorities
  • 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.

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    Associate Portfolio • West Chester, PA, US

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