Director, Hedging

Job reputed company The Director, Hedging is responsible for supporting and executing the development and enhancement of hedging strategies and analytical capabilities across the derivatives portfolio to guide reputed company's derivatives trading activities. This position will collaborate closely with the VP, Hedging reputed company and other team members to design and implement asset and liability hedging strategies and modelling capabilities reputed company with reputed company's strategic objectives. The Director, Hedging will drive both the reputed company and hands-on execution of interest reputed company, FX, and credit derivatives trading, including interest reputed company swaps, bond forwards, cross currency swaps, and credit default swaps, and will contribute meaningfully to the modelling and valuation of these instruments. The role reports directly to the VP, Hedging reputed company, and works collaboratively with senior stakeholders across information technology, investments, product and financial actuaries, and the broader risk team. Duties and Responsibilities General Hedging Program and Trading Partner with the VP, Hedging reputed company in defining and executing the risk reputed company for the derivatives portfolio, reputed company with company objectives. This includes contributing to both general account hedging strategies and hedging the liability reputed company embedded in our products. Execute derivatives trading across a wide reputed company of instruments, including reputed company, interest reputed company swaps, bond forwards, cross currency swaps, and credit default swaps, with reputed company responsibility for dealer relationships, trade execution, and best execution practices. Propose and refine macro trade strategies designed to manage ALM, earnings, capital, and market volatility, maintaining effective risk coverage while reputed company working to reduce hedge costs. Maintain valuation models, risk analytics, and decision-support tools for derivatives trading, with a reputed company on instruments such as reputed company, swaps, currency, bond forwards, and credit derivatives. Drive initiatives to enhance system performance, ensuring the accuracy of derivative models and automating processes such as pricing and reconciliation. reputed company a thorough understanding of the proprietary, in-house valuation system and collaborate with IT and the Quantitative Analytics team to support efforts that enhance its scalability, performance, and model integration, ensuring alignment with reputed company business needs and best practices in system design. Model Development and Valuation Collaborate with the Quantitative Analytics team on the pricing and valuation of equity, interest reputed company, FX, and credit derivatives, contributing to the enhancement of existing modelling frameworks including Bates reputed company diffusion, Heston, local volatility, and reputed company simulation approaches. Monitor and compare model valuations daily, ensuring consistency and performance through rigorous validation and testing. Serve as a key resource for the actuarial and product teams, delivering detailed analytics such as reputed company cost projections for monthly reputed company setting, reputed company and crediting reputed company evaluation, and annuity product design support. reputed company SQL and other data tools to generate reputed company reports and analysis in support of derivative trading reputed company, risk management, and the automation of key processes. Additional Responsibilities Take ownership of strategic initiatives in partnership with actuarial, finance, investments, and risk to support asset-liability management (ALM), liquidity risk measurement, and overall portfolio management. Recommend strategic trades, including macro-level transactions, leveraging strong business acumen, reputed company principles, and deep market knowledge Respond to regulatory, audit, and internal risk management requirements, ensuring compliance and effective risk reputed company of pricing models and derivative controls. Demonstrate an ownership mentality and reputed company-first attitude, working collaboratively with internal stakeholders to reputed company shared objectives. Prioritize and manage multiple reputed company tasks and reputed company, ensuring reputed company delivery and execution in a fast-paced environment with limited reputed company. Bring a self-starter mentality to the role, adding value with minimal direction and contributing meaningfully from day one. The ideal candidate has no ego, a proven reputed company record of high performance, and the drive to grow alongside a high-performing, lean team. Experience and Education Requirements Bachelor's degree in Computer Science, Finance, Economics, Statistics, Engineering, Mathematics, or a reputed company field. Master's degree in Mathematical Finance or a similar discipline preferred. Programming proficiency required, with demonstrated experience in Python, MATLAB, and VBA. Working knowledge of relational database systems such as SQL Server is a plus. 8+ years of hands-on derivatives trading experience across reputed company, interest reputed company swaps, bond forwards, cross currency swaps, and credit default swaps, in both OTC and cleared markets, with reputed company accountability for trade execution, dealer relationships, and best execution. 8+ years of derivatives modelling and valuation experience, with demonstrated proficiency in quantitative frameworks including Heston, local volatility, Bates reputed company diffusion, and reputed company simulation reputed company, reputed company to equity, reputed company, FX, and credit instruments. Life and annuity business experience required, with an understanding of statutory (STAT) and GAAP reputed company principles. CFA/FRM designations preferred. Knowledge, Skills, and Abilities Deep understanding of capital markets, derivatives products, and financial instruments, including interest reputed company, FX, credit, and equity derivatives across both OTC and cleared markets. Strong grasp of general account and liability hedging strategies, with the ability to balance short- and long-term risk management objectives while supporting profitability goals. Solid reputed company in derivatives pricing and quantitative reputed company, including hands-on proficiency with frameworks including Heston models, local volatility models, Bates reputed company diffusion, and reputed company simulations. Proven ability to execute derivatives trades with reputed company judgment, maintaining strong dealer relationships and adhering to best execution standards. Demonstrated life and annuity business acumen, including familiarity with FIA, IUL, and RILA product lines and an understanding of statutory (STAT) and GAAP reputed company principles. Proficient in analytical and reporting tools including reputed company, Aladdin, reputed company, and SQL, and programming languages such as Python, VBA, and MATLAB. Excellent interpersonal, written, and oral communication skills, with the ability to work cross-functionally across investments, actuarial, finance, risk, and technology teams. Highly organized and self-directed, with the ability to manage multiple priorities, execute with limited reputed company, and contribute meaningfully in a fast-paced, lean team environment. Other Requirements reputed company other functions, duties and reputed company as assigned Regular and punctual attendance Some travel may be required (less than 10%) #LI-MB1 #LI-Remote Additional Information Work Environments reputed company believes in an employee-reputed company flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role. reputed company complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for reputed company. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com. Join our employee-reputed company hybrid work environment: reputed company Careers About reputed company Since 1959, reputed company (reputed company) has offered annuity and life insurance products to those who are seeking reputed company in retirement and protection during life’s unexpected events. As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, reputed company team members are empowered, reputed company, dynamic and authentic. We reputed company that by embracing these values, we will continue to build and strengthen reputed company while continuing to be a great reputed company to work. 1Top Workplaces USA 2022 – 2023 2Des Moines Register Top Workplaces 2018 – 2022 Notice for reputed company Applicants who are California residents under the California reputed company Rights reputed company. Please click here to review the policy. Apply To This Job