What are the responsibilities and job description for the Derivative Portfolio Associate position at Venerable?
As 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.
Principle Responsibilities:
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.
Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.
If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.
- Please note that this position is not eligible for visa sponsorship now or in the future.
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 reporting
- Build quantitative/analytical tools to support portfolio management and/or hedge strategy development and/or risk reporting by leveraging financial engineering, capital markets, and product knowledge
- Participate in various quantitative projects as needed to help support overall Hedging/Risk teams goals & objectives
- Constant monitoring of market trends, news and economic indicators impacting the portfolio
- Conduct research/analysis on market trends, financial instruments or new strategies evolving in the market
- Master’s degree required in Financial Mathematics, Quantitative Finance, Financial Engineering, or related quantitative field
- Minimum 1 – 3 years’ experience in derivatives, hedging, risk management, or capital markets roles within asset management, insurance, or trading environments
- Advanced knowledge of Financial Mathematics with solid understanding of Derivative Pricing Theory, and their applications
- Strong understanding of interest rate and/or equity derivative Greeks (Delta, Gamma, Vega, Theta, Rho) and how they impact portfolio risk, hedging, and P&L
- Experience in developing derivative trading strategies and/or developing risk reports which explain key drivers of P&L
- Experience using SQL for reporting, or trading support
- Strong computer programming skills in Python based environment linked to excel/VBA models
- Superior quantitative/analytic reasoning and problem-solving abilities
- Ability to analyze risk and make informed decisions under pressure
- Adaptability to market changes and evolving trading strategies
- Comfortable with ambiguity and manage shifting priorities
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.
Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.
If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.