The Senior Quantitative Derivatives Strategist will perform and deliver on assignments utilized to mitigate market risks for Lincoln Financial. This position will play a pivotal role in the researching and execution of robust hedging strategies used to minimize capital market risks within insurance products as well as manage statutory and rating agency capital requirements. Additionally, will leverage extensive derivatives knowledge to influence future hedge strategy and new product development.... more details
Alternate Locations: Radnor, PA (Pennsylvania)
Work Arrangement:
Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.
Relocation assistance: is not available for this opportunity.
Requisition #: 73295
The Senior Quantitative Derivatives Strategist will perform and deliver on assignments utilized to mitigate market risks for Lincoln Financial. This position will play a pivotal role in the researching and execution of robust hedging strategies used to minimize capital market risks within insurance products as well as manage statutory and rating agency capital requirements. Additionally, will leverage extensive derivatives knowledge to influence future hedge strategy and new product development.
- Research, back-test, and execute complex derivative hedging strategies to mitigate capital market risks embedded in Lincoln’s annuity and life products.
- Work closely with the Derivative Trading Desk to monitor market dynamics to further enhance existing hedging strategies.
- Utilize programming skills to build and maintain infrastructure to analyze and oversee QIS hedge portfolio.
- Design and build complex back-testing tools to research and evaluate efficacy of current and proposed derivative hedging strategies.
- Leverage external relationships to remain up to date on market regulation and best-in-class hedging/derivative strategies.
- Develop tools to monitor and improve transaction & collateral costs for our derivative portfolio.
- Produce and clearly communicate complex and technical presentations to senior management, on hedge effectiveness, strategy back-tests, derivative pricing, etc.
- Act as subject matter expert and collaborate/provide solutions with stakeholders including Pricing & Product Teams, Legal, Life, Funds Management, Investments, and Accounting.
- Consistent thought leadership on improvements to technological and operational efficiencies.
Education
- Undergraduate degree or 4+ years of comparable work experience; educational concentration in Mathematics, Statistics, Hard Science/engineering or Actuarial Science is required.
- Master’s level or Advanced degree preferred but not required
Experience
- 5+ years of increasing experience in a hedging/trading strategist role, including demonstrated experience and understanding of risk management practices.
- Solid understand of capital markets, derivatives, and insurance products including but not limited to annuities.
- Strong programming skills (Python, VBA, SQL, etc.)
- Knowledge of insurance capital structures a plus
- Ability to read, analyze and interpret both internal and external documents such as general media/publications, professional journals, technical procedures, governmental regulations, policies, proposals, and standard operating procedures.
- Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
What’s it like to work here?
At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.
What’s in it for you:
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Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.
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Leadership development and virtual training opportunities
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PTO/parental leave
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Competitive 401K and employee benefits
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Free financial counseling, health coaching and employee assistance program
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Tuition assistance program
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A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
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Effective productivity/technology tools and training
Pay Range: $90,300 - $164,700
Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.
About The Company
Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.
Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
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Be Aware of Fraudulent Recruiting Activities
If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.
Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.
Additional Information
This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.
Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.
Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.
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