Asset Management - Derivatives Insurance Portfolio Manager - Vice President

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JOB DESCRIPTION

The Asset Management Derivatives team (AMD) is a global center of excellence for derivatives portfolio management. The team operates in partnership with the whole of Asset Management in delivering derivative mandates to our clients both internal and external.

This includes over $55bn of derivative overlay portfolios managed by the team.

Job summary :

The Derivative's Insurance Portfolio Manager Vice President on the Asset Management Derivatives team will focus on the management of insurance liabilities through derivatives.

Responsibilities will include managing the existing institutional book of business as well as growing the franchise. The team has a global footprint with portfolio managers in New York, London, and Hong Kong.

This is an opportunity to help shape the strategy of the team as well as gain exposure to the current mandates.

Job responsibilities :

• Manage existing portfolios of equity, rates, and credit derivatives.
• Grow institutional book of business in North America through partnership with our sales team.
• Provide fundamental and quantitative research and analysis of derivative instruments as hedging tools and additional sources of return, either within portfolios or standalone overlays.
• Partner with other lines of business globally to design and shape derivatives strategy, share best practices, and drive consistency across the organization.
• Invest in improving governance, efficiency and scale of business which may involve building tools in Excel, VBA, Python and transitioning high-value work into strategic systems.
• Leverage Large Language Models and other AI initiatives to further improve processes.
• Partnering with our technology organization to enhance the derivatives infrastructure strategy, including portfolio management and trading architecture.
• Provide an effective liaison between the broader organization and our support functions (e.g., Operations, Technology, Compliance, Risk, Audit, HR).

Required qualifications, capabilities, skills :

• 5-10 years first-hand experience of using derivatives as a portfolio manager at a large asset manager, insurance company or pension fund.
• Deep understanding of the use of derivatives in the context ALM for life, health and annuity insurance liabilities. Knowledge of P&C liabilities is helpful as well.
• Exceptional understanding of derivatives markets especially in fixed income markets, specifically US treasury, corporate credit, agency MBS, CMBS, CLO.

Equity derivatives knowledge would be beneficial.

• Demonstrate detailed knowledge of US GAAP and STAT accounting conventions and BSCR and the capability to design passive or active hedging strategy subject to regulatory constraints.
• Knowledge of derivative regulatory treatment is recommended.
• Experience working with US, Canadian and Bermudan regulatory capital frameworks is an advantage.
• Experience in all aspects of derivative management is crucial, including pricing, analytics, execution, collateral management, risk management, performance, and attribution.

Preferred qualifications, capabilities, skills :

• A proven track record in enhancing derivative platform capabilities. Strength in shaping a technology strategy to drive innovation is preferred.
• An ability to deliver success at scale in a controlled manner is preferred.
• Excellent interpersonal skills with the ability to engage and successfully influence a broad range of individuals is preferred.
• Experience dealing with internal and external clients and solving their problems in a thoughtful and innovative way is preferred.
• Independent self-starter with the ability to think creatively and laterally. Ability to navigate a complex global infrastructure that involves numerous groups and individuals is preferred.
• Strong focus on the bottom line of the business is preferred.

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