Derivative Portfolio AssociateAs a Derivative Portfolio Associate, you will play a hands-on role supporting derivative portfolio managers in hedging capital market risk exposures of Variable Annuity liabilities and other risk exposures. This position requires strong quantitative skills and comfort working with complex derivatives. Venerable is currently working in a Hybrid Work Model, in the office 3 days/week and remote 2 days/week.
This role is based in our West Chester, PA office.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 reportingBuild quantitative/analytical tools to support portfolio management and/or hedge strategy development and/or risk reporting by leveraging financial engineering, capital markets, and product knowledgeParticipate in various quantitative projects as needed to help support overall Hedging/Risk teams goals & objectivesConstant monitoring of market trends, news and economic indicators impacting the portfolioConduct research/analysis on market trends, financial instruments or new strategies evolving in the marketRequired Qualifications:Master's degree required in Financial Mathematics, Quantitative Finance, Financial Engineering, or related quantitative fieldMinimum 1 – 3 years' experience in derivatives, hedging, risk management, or capital markets roles within asset management, insurance, or trading environmentsAdvanced knowledge of Financial Mathematics with solid understanding of Derivative Pricing Theory, and their applicationsStrong understanding of interest rate and/or equity derivative Greeks (Delta, Gamma, Vega, Theta, Rho) and how they impact portfolio risk, hedging, and P&LExperience in developing derivative trading strategies and/or developing risk reports which explain key drivers of P&LExperience using SQL for reporting, or trading supportStrong computer programming skills in Python based environment linked to excel/VBA modelsSuperior quantitative/analytic reasoning and problem-solving abilitiesAbility to analyze risk and make informed decisions under pressureAdaptability to market changes and evolving trading strategiesComfortable with ambiguity and manage shifting priorities