Senior Associate, Hedging

2 weeks ago


Montpelier, United States National Life Group Full time

Summary

and Responsibilities

As a member of the Hedging team, the Senior Hedging Associate is a key member in the implementation, analysis, and oversight of NLGroup’s hedging program. This individual assists in quantifying our exposures, communicating hedging results, and driving analytical projects aimed at optimizing our hedging strategy. They are involved in designing, advocating for, and implementing models that draw from the quantitative finance and derivative pricing disciplines.

Contributing toward development, monitoring, and execution of NLG’s hedging strategy across all asset classes and product types. Key member of team responsible for the production for our daily/weekly/monthly hedging processes. Design, implement, and maintain tools used to support the monitoring of daily hedge sensitivities. Take a lead role in hedging related analytical projects and initiatives. Identify opportunities to create additional value in our hedging program by conducting pertinent analysis and designing tools purpose-built to solve hedging problems. Partner with internal stakeholders across NLG to frame problems and build solutions that consider a range of consideration and help to drive value creation. Communicate hedge effectiveness and portfolio sensitivities to internal stakeholders. Build and maintain system for producing daily hedging performance attribution reporting. Build Tableau dashboards for automated communication of hedging results and analysis. Identify areas of irregularity and mismatch within the hedging portfolio; investigate, identify roots causes, and recommend mitigation solutions. Partner with the NLG Capital trading team to facilitate the trade execution process; ensure that trades are properly specified, and instruments are accurately reflected in our hedging system. Conduct business analysis for proprietary hedging system; partner with internal teams to ensure that hedging needs are understood. Perform research on potential hedging strategies using various modeling techniques (e.g. historical back testing).

THE PERSON

Pivotal Experience and Expertise

4+ years of experience in a hedging, market risk, quantitative analytics, or a related field, preferably with direct experience developing and executing derivative strategies that address the unique nature of the assets and liabilities of an insurance company Proficiency in Excel/VBA, SQL, Python, Tableau, and Bloomberg An in-depth knowledge of capital markets, derivatives modeling, and valuation techniques Required: Bachelor’s degree in finance, mathematics, economics, computer science, or a related quantitative field Preferred: Master’s degree (or foreign equivalent) in quantitative / mathematical finance, statistics, economics, computer science, engineering, or a related field Experience with CDS or TRS

Cultural Fit

Results-driven mindset Thrives in an environment where the best ideas that drive the best results are rewarded Has the integrity to communicate all relevant facts and information in evaluating decisions and the humility to admit what they do not know Love of learning – comfortable in an organization that seeks to continually learn from its failures and successes to drive better investment decisions Comfortable with ambiguity and the mentality required to address and ultimately own those ambiguous situations – finds answers and solutions, a problem solver Comfortable giving and receiving constructive feedback in both real time and structured environments Demonstrates transparent, direct, and open communication across the organization Promotes collaboration and has a “firm first” attitude – does what is right for the firm Commitment to our mission – keeping our promises, vision – to bring peace of mind to everyone we touch and values – Do good. Be good. Make good.

In addition to base salary, other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies. 

National Life Group

1 National Life Dr

Montpelier, VT 05604

#LI-KV1
#LI-Hybrid


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