Talcott Financial Group · 17 hours ago
Assistant Portfolio Manager
Connecticut Office, 1 American Row, Hartford, Connecticut, United States of America
Full-time
Onsite
Mid, Senior Level
$180K/yr - $230K/yr
6+ years expTalcott Financial Group is an international life insurance group known for its comprehensive risk solutions and strong financial position. The Assistant Portfolio Manager will report to the Head of Derivatives & Hedging in Investment Management, focusing on managing derivatives and hedging portfolios, hedge strategy design, and collaborating with various stakeholders to support new business initiatives.
Financial ServicesInsuranceRisk Management
Responsibilities
Establishing the Enterprise Strategic Asset Allocation
Tactical decision making with respect to asset class allocations vs targets
Day-to-day portfolio management and decision-making
Managing Talcott’s derivatives and hedging portfolios
Asset-liability management
Liquidity management
Underwriting and selection of third-party asset managers
Support for asset modeling across the enterprise
The team is involved with the complete lifecycle of derivatives product management including idea generation, modeling, documentation, strategy maintenance and overseeing trade execution
A major focus for this role will be hedge strategy design, modelling, and implementation for Talcott’s newly launched retail products (primarily, fixed indexed annuities)
The role will also be a key support for other responsibilities within the Derivatives & Hedging team, including hedge design for the variable annuity business; hedging activities in the general account including FX, interest rates, and credit; and contributing to idea generation and risk identification for financial market risk in new business opportunities
Qualification
Required
Bachelor's degree or higher
6-10 years of experience in a relevant financial services industry role, with experience in Life & Annuity insurance/reinsurance industry preferred. Specific knowledge of Variable Annuities, Fixed Index Annuities and RILAs is considered a plus
Near FSA or completed ASA desirable, strong interest in investments or pursuing investments (e.g., CFA charter holder or working towards CFA credential)
Experience with derivative products (emphasis on equities and interest rates), with a strong understanding of market consistent/risk neutral and no-arbitrage pricing theory. Knowledge of FX and Credit markets a plus but not required
Familiarity with the use of derivatives in hedging contexts, preferably hedging insurance linked products. Desire to become derivatives and hedging subject matter expert and firmwide resource on all related topics to Talcott's non-investment areas
Knowledge of derivative regulations and legal considerations, willingness to participate in non-technical aspects of derivative portfolio management (documentation, etc)
Strong background in using Python, VBA or other similarly accessible coding languages for use in linking to front office applications. Familiarity with Bloomberg a plus
Ability to think creatively about how to solve problems, including navigating ambiguity
Strong attention to detail and well organized; ability to prioritize, multi-task and work independently under deadlines
Strong communicator: ability to communicate effectively cross functionally within the enterprise as well as with third parties
Quick learner and able to drive continuous improvement beyond own scope of responsibility; able to constructively challenge status quo
Company
Talcott Financial Group
Talcott Financial Group is a strategic risk partner and reinsurance company that creates risk management efficiencies for insurers.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Michael Smith
Executive Chairman
Recent News
2025-10-16
Hartford Business Journal
2025-06-27
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