Director, Derivative Portfolio Management

This important Director role is regarded as a subject matter expert (SME) for Portfolio management and trading oversight of derivative positions to hedge capital market risk exposures of Variable Annuity liabilities and/or other risk exposures. The Director will lead one or more aspects of our derivative performance programs and will also develop and provide direction to more junior staff members. The primary work location for this opportunity will be West Chester, Pennsylvania with secondary preference to our New York City office. Primary Responsibilities: Assumes ownership and accountability on one or more aspects of derivative portfolio performance 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) Leverages expertise to provide input on innovative trade ideas/hedging strategies for efficient risk mitigation, opportunistic monetization, target market dislocations etc through a range of hedge structures including vanilla and exotics equity, rate and credit derivatives. Effectively communicates (verbally and in writing) and provides input on various initiatives including trade recommendations to Senior Leadership. Leverages their influence to support standards in terms of quantitative analytics needed to support portfolio management, hedge strategy development by leveraging financial engineering, capital markets, and product knowledge Supports leadership in fostering productive relationships with banks and/or vendors. May commonly manage, mentor and guide members of the team of quantitative and/or capital market professionals. Key Qualifications: Bachelor’s degree in Financial Mathematics (or related field); strong preference toward advanced degree (Master’s or PhD in a Quantitative field) Advanced knowledge of Financial Mathematics with solid understanding of Derivative Pricing Theory, and their applications Superior quantitative/analytic reasoning and problem-solving abilities and strong computer programming experience in VBA, Python, Matlab, C …etc Minimum of 7 years of progressive professional experience in the financial services industry Strong understanding of equity derivatives markets, dynamics and flows Experience in developing derivative trading strategies, back-testing and managing asset liability risks Ability to influence; support and drive change. Ability to focus on “big picture” view while driving into details Strong communication skills (verbal and writing) to convey complex trade ideas in a simple manner Note: Position level is flexible and commensurate with a candidate's overall experience and qualifications as related and aligned to the role. #LI-DP1 Venerable Values: 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. Competitive Compensation, Benefits, Current Hybrid Work Schedule and a Generous PTO Package! Introduce Yourself To Our Team Of Recruiters Are you interested in joining the Venerable team but don't see a job posting that aligns with your goals? Introduce yourself to our recruiters for consideration in future positions below. Would you like to be alerted if a new job is posted? Set a custom job alert that aligns with your career aspirations. Click on "Job Alerts" in the top right corner of this screen to get started. Not seeing it? You have to be signed in to your Candidate page. To do this click on "Sign In" in the top right corner of page. Founded in 2018, Venerable owns and manages legacy annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. We provide innovative risk transfer solutions to companies with variable annuity blocks who seek to rebuild a secure financial future. We will be the answer for companies focused on long term prosperity. Together, we are visionaries. We embrace change, overcome challenges and act like owners. We inspire, support and empower one another. We thrive on trust, decisiveness and transparency. We are committed to dismantling and eliminating systemic racism and invested in ensuring change is constantly evolving. As an organization, Venerable stands by our core values and consistently works to sustain an equitable environment where diverse perspectives and backgrounds are core to ensuring organizational success. Our Equity, Diversity, and Inclusion program involves colleagues from throughout our organization and is focused on five core topics to drive change - Education and Perspective Seeking, Training, Investments, Volunteerism, and Human Resource Practices. We are also proud members of CEO Action for Diversity & Inclusion, participants in supporting events in the communities in which we operate, and contributors to the Society of Black Actuaries and Federation of Iowa Insurers Race and Insurance working group.