Senior Director, Derivatives Trading

Our client, major asset management firm, is looking for a Senior Director, Derivatives Trading. This position is hybrid and located in New York, NY.

• Salary: $250k base + bonus (total compensation to $600K)

Responsibilities

• Execute derivatives trades in accordance with the desk’s overall hedging strategy while maintaining compliance with established policies, procedures, and risk limits.
• Manage portfolio risk in real time and develop effective hedging strategies for a multi-billion-dollar book of options linked to equity and multi-asset indices.
• Develop innovative trading strategies and actively manage volatility and directional exposures to enhance portfolio profitability within established risk parameters.
• Design and implement tail hedging strategies to protect the portfolio during adverse market conditions and periods of market stress.
• Evaluate the risk and profitability of trading strategies and present recommendations and analysis to senior leadership.
• Review new index proposals and dealer hedging agreements, providing input on index construction, pricing, and key terms.
• Continuously improve risk measures, risk limits, P&L measurement, and P&L attribution processes.
• Assist with quantitative analysis, pricing models, valuation models, and other derivative-related modeling initiatives.
• Partner with technology teams to enhance and expand the firm’s proprietary trading and risk management systems.
• Collaborate with accounting, actuarial, and product development teams to improve derivative-related reporting and processes.
• Identify opportunities to use AI and automation to improve the efficiency, accuracy, and scalability of derivatives risk management.

Required Qualifications

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, Engineering, or a related quantitative field.
• Minimum of 8 years of derivatives experience, with experience managing a Fixed Indexed Annuity and RILA derivatives book strongly preferred.
• Sell-side derivatives experience is a plus.
• Experience trading vanilla and exotic options, volatility instruments, and developing volatility-focused trading strategies.
• Strong understanding of derivatives risk management, including Greeks, risk limits, P&L measurement, and P&L attribution.
• Thorough knowledge of option pricing, VaR, scenario analysis, and risk management for both vanilla and exotic products.
• Programming experience in MATLAB and/or Python is required.
• Strong quantitative and analytical abilities with the ability to evaluate complex trading strategies and communicate findings effectively.
• Excellent written and verbal communication skills with the ability to work closely with senior leadership and cross-functional teams.
• Strong understanding of index hedging and structuring, with the ability to evaluate complex derivative and hedging proposals.