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Lincoln Financial · 3 weeks ago

Sr. Quantitative Derivative Strategist

Radnor, PA

Full-time

Hybrid

Mid, Senior Level

$109K/yr - $196K/yr

5+ years exp

Lincoln Financial is a company dedicated to helping individuals plan for financial security through various products including annuities and life insurance. The Senior Quantitative Derivative Strategist will support the design and management of hedging solutions, collaborating with teams to optimize portfolio management and mitigate market risks.

AdviceFinanceFinancial ServicesInsurance

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 to further 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 research and evaluate 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 & collateral costs for our derivative portfolio

Produce and clearly communicate complex and technical presentations to senior management, on hedge effectiveness, strategy back-tests, derivative pricing, etc

Act as subject matter expert and collaborate/provide solutions 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, collaborating with other teams and creatively leveraging resources to meet aggressive deadlines

Conceive and implement original trading concepts and hedging approaches to effectively manage risk, capitalize on market opportunities, and exploit pricing inefficiencies by utilizing various hedge instruments, including equity, interest rate, and credit derivatives

Consistent thought leadership on improvements to technological and operational efficiencies and to bring innovative capital markets ideas for the development of new insurance products

Qualification

Hedging strategiesQuantitative modelingDerivatives knowledgeProgramming skillsCapital markets understandingRisk management practicesCommunication skillsCollaboration skillsProblem-solving skills

Required

5+ years of increasing experience in a hedging/trading strategist role, including demonstrated experience and understanding of risk management practices

Solid understanding of capital markets, derivatives, hedging strategies and insurance products including but not limited to annuities

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

Knowledge of quantitative finance including option theory, linear algebra and optimization techniques. Knowledge of insurance capital structures a plus

Strong programming skills (Python, SQL, R, Matlab, Excel/VBA, etc.)

Strong communication skills (verbal & written) to convey complex technical concepts

Preferred

Advanced degree (Master's or PhD) in quantitative finance, mathematics, statistics, engineering, or a related field strongly preferred; Bachelor's degree with significant relevant experience will be considered

Hybrid working arrangement in Radnor, PA preferred