Senior Director, Derivatives Trading

About the role

Major asset management firm is seeking a Senior Director, Derivatives Trading. This position is hybrid and located in New York, NY.

Responsibilities

• Execute derivatives trades in accordance with the desk's overall hedging strategy while maintaining compliance with established policies, procedures, and risk limits
• Manage portfolio risk in real time and develop effective hedging strategies for a multi-billion-dollar book of options linked to equity and multi-asset indices
• Develop innovative trading strategies and actively manage volatility and directional exposures to enhance portfolio profitability within established risk parameters
• Design and implement tail hedging strategies to protect the portfolio during adverse market conditions and periods of market stress
• Evaluate the risk and profitability of trading strategies and present recommendations and analysis to senior leadership
• Review new index proposals and dealer hedging agreements, providing input on index construction, pricing, and key terms
• Continuously improve risk measures, risk limits, P&L measurement, and P&L attribution processes
• Assist with quantitative analysis, pricing models, valuation models, and other derivative-related modeling initiatives
• Partner with technology teams to enhance and expand the firm's proprietary trading and risk management systems
• Collaborate with accounting, actuarial, and product development teams to improve derivative-related reporting and processes
• Identify opportunities to use AI and automation to improve the efficiency, accuracy, and scalability of derivatives risk management

Required Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, Engineering, or a related quantitative field
• Minimum of 8 years of derivatives experience, with experience managing a Fixed Indexed Annuity and RILA derivatives book strongly preferred
• Sell-side derivatives experience is a plus
• Experience trading vanilla and exotic options, volatility instruments, and developing volatility-focused trading strategies
• Strong understanding of derivatives risk management, including Greeks, risk limits, P&L measurement, and P&L attribution
• Thorough knowledge of option pricing, VaR, scenario analysis, and risk management for both vanilla and exotic products
• Programming experience in MATLAB and/or Python is required
• Strong quantitative and analytical abilities with the ability to evaluate complex trading strategies and communicate findings effectively
• Excellent written and verbal communication skills with the ability to work closely with senior leadership and cross-functional teams
• Strong understanding of index hedging and structuring, with the ability to evaluate complex derivative and hedging proposals

Pay

Salary: $250k base + bonus (total compensation to $600K)

Schedule

Hybrid – located in New York, NY