Director, Investments, Derivatives Management and Trading (Hybrid)

About the role

This role is accountable for the derivatives management function supporting the firm’s insurance general account, with derivative trading and execution serving as a core component of the role. The position has a primary responsibility for RILA hedging and broader enterprise risk management including interest rate, foreign exchange, and other derivative strategies.

Responsibilities

• Communicates Effectively: Clearly communicates complex derivative strategies, hedge performance, and balance sheet impacts to senior leadership, ALM, Product, portfolio managers, and risk committees.
• Demonstrates strong executive presence in ALCO, product strategy discussions, and other investment related committees.
• Represents the firm externally with counterparties, industry groups, and market participants.
• Ensures Accountability: Responsible for execution of derivative strategies with strong attention to detail, risk discipline, and operational accuracy.
• Aligns derivative activity with ALM objectives, product design features, and enterprise risk appetite.
• Drives high-performance culture with consistent achievement of risk, return, and operational objectives.
• Maintains expert-level knowledge of global derivative markets, structured products, and insurance hedging techniques.
• Acts as a thought leader, bringing external insights, innovations, and emerging trends into the organization.
• Monitors regulatory developments and industry best practices, responsible for alignment and proactive adaptation.
• Uses and evaluates systems such as Bloomberg, risk analytics platforms, and trade/order management systems.
• Fosters Inclusion: Promotes a culture of collaboration across trading, ALM, Product, actuarial, portfolio management, risk, and operations teams.
• Serves as a culture ambassador for TruStage Investment Management.
• Manages relationship with ALM and Product teams to align derivative strategies with liability structures and product features, particularly for RILA offerings.
• Provides forward-looking insights that inform product design, pricing, and risk management decisions.
• Incorporates external market intelligence to enhance hedge effectiveness and capital efficiency.
• Guides and mentors derivatives traders and analysts.
• Buils organizational capability in derivatives strategy, execution, and innovation.
• Demonstrates strong self-awareness, authenticity, and the ability to lead through complexity.
• Leads or contributes to enterprise-wide strategic initiatives involving derivatives, hedging optimization, and product innovation.

Requirements

• Graduate degree preferred (Finance, Economics, Engineering, or related field).
• 12+ years direct work experience in derivatives trading, insurance asset management, ALM, or related functions.
• Deep expertise across derivatives instruments including options, swaps, futures, and structured hedging strategies.
• Strong knowledge of insurance balance sheet management, with experience supporting RILA or similar products strongly preferred.
• Demonstrated experience partnering with ALM, Product, and actuarial teams.
• Proven ability to build and maintain external market relationships with counterparties and industry participants.
• Strong understanding of regulatory and accounting frameworks governing derivatives (e.g., NAIC, statutory reporting) and ability to adapt to evolving requirements.
• Proven ability to provide strategic insight and thought leadership influencing product development and risk management.
• Proven ability to translate strategy into disciplined execution with strong operational controls.
• Experience leading or mentoring investment professionals.
• Strong analytical skills with ability to interpret complex financial, actuarial, and risk data.
• Excellent communication and influencing skills across internal and external audiences.
• Proficiency in Bloomberg and derivative analytics/risk systems.
• Professional designations such as CFA, FRM, or equivalent strongly preferred.
• Able to travel 10%–20%.