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Lincoln Financial · 1 day ago

VP, Derivative Portfolio Manager, Quantitative Trading Strategies

Radnor, PA

Full-time

Hybrid

Senior Level, Lead/Staff

$183K/yr - $330K/yr

12+ years exp

Lincoln Financial is a company focused on helping people confidently plan for their financial future. They are seeking a VP, Senior Derivative Portfolio Manager to lead the Quantitative Trading Strategies team, responsible for designing and implementing hedging solutions and managing a derivative trading program.

AdviceFinanceFinancial ServicesInsurance

Responsibilities

Lead the strategic design and implementation of hedging solutions for Lincoln’s Annuities and Life businesses

Direct a team of trading strategists to manage an industry leading derivative trading program including intra-day cross-asset trading operations & its P&L impacts

Monitor market conditions and macroeconomic trends to adjust hedge positions and ensure responsiveness to volatility and liquidity shifts

Develop and enhance quantitative models and valuation systems to optimize hedge effectiveness and capital efficiency

Be a thought leader in bringing cutting edge capital markets ideation to innovative insurance products

Contribute to the overall strategic vision of the Market Risk Management function by leading the development and implementation of hedging strategies and solutions to manage embedded market risks within Lincoln’s annuity and life insurance products

Oversee the onboarding of new indices & products to the hedging program while adhering to best practices in financial engineering

Exhibit thought leadership and provide guidance in the areas of current and emerging capital market risks, best of breed derivative trading platforms and derivative modeling and valuation

Champion innovation in modeling, analytics, and technology to enhance hedging effectiveness and operational efficiency

Lead senior & executive management in developing & presenting strategic and tactical hedge solutions, explain cost benefit analysis and achieve buy-in

Build and maintain effective relationships with sell-side derivatives desks and trading partners

Be a partner to the annuities business in developing next generation of products and index solutions

Drive cross-functional collaboration across actuarial, finance, investments, and risk teams to ensure integrated decision-making and execution

Interface with middle and back office trading operation teams, legal, acct and treasury functions, design and help streamline trading operations past the trade

Direct Capital Market quants to develop and deploy cutting edge derivative asset valuation tools to aid the trading platform and valuation of our cross-asset derivative portfolio

Understand how regulations – Capital Markets, Insurance & Accounting (GAAP) – and market structure affects Lincoln’s hedge programs and design mitigating strategies

Ensure their assigned area(s) meet all objectives pertaining to quality, compliance, regulations, productivity, budget and project management

Develop, manage & deploy market data requirements for MRM and to other areas in the firm

Qualification

Derivatives risk managementQuantitative modelingHedging strategiesCapital markets knowledgeFinancial engineeringRelationship managementPeople managementTechnical design analysisInsurance capital structuresAdvanced degree in finance

Required

12+ Years experience in derivatives risk, strategy and/or financial engineering that directly aligns to the responsibilities of this position, including 5+ years of managerial, supervisory, and/or demonstrated leadership experience

5+ years of demonstrated experience influencing key stakeholder experience

Demonstrated strong relationship management skills with internal clients (e.g. senior/executive management, peers and colleagues); proven ability to develop creative and collaborative approaches

People management experience including hiring, coaching and developing team members and culture

Strong knowledge of capital markets instruments and hedging strategies

Strong knowledge of derivatives within Insurance, Banking and/or Hedge Funds

Knowledge of quantitative finance including option theory, linear algebra and optimization techniques

Demonstrates ability to analyze and propose solutions for a range of technical design issues

Demonstrates experience in identification, assessment, and communication of technical design capability and risk within a large and complex environment