Director, Sr. Derivatives Analyst & Trader - Hybrid
SymetraAbout the role
The successful candidate will have detailed derivatives execution expertise with responsibilities across various trading, analytical, and quantitative analysis functions within the derivatives front office of the investment management department. This includes the identification, execution and daily management of derivative trades in accordance with approved programs, analytical work on the underlying portfolio of assets as well as liabilities, ad-hoc and daily risk and P/L attribution, and coding in support of trading/risk analysis, trading tools/utilities development, process automation and reporting. The role demands a pragmatic, hands-on contributor who is comfortable working through operational details while keeping broader objectives in mind.
- Execution of derivative trades in accordance with the Company's approved derivatives programs. Execution in both cleared and bilateral derivatives markets using both exchange-listed and over-the-counter instruments with expert knowledge of the economics, risks, and market conventions of such derivatives. Positions will be taken in equity, rates, credit, commodity, and FX derivatives. Review and execution of trade confirmations and interfacing with the Operations team on all aspects of the trade lifecycle, including collateral management, trade booking, reconciliation, and settlements. Expertise on liability processes and coordination with insurance company stakeholders on resolving liability-related data issues and new product onboarding into trading and reporting systems.
- Analytical work on derivative assets and insurance liabilities in support of the management of the derivatives portfolio, including derivatives pricing, modeling prototypes, comprehensive analysis of Greeks/risk exposures, analysis of new insurance product features, coordination with insurance lines of business, and various investment sector desks by providing accurate and timely responses to their queries. Coding in Python, VBA Macros, SQL and financial and statistical software packages in support of trading/risk/P&L analysis, trading tool/utility development and process automation
- Reporting: Responsible for regular and on-demand reporting, including providing comprehensive and insightful commentary and actionable recommendations. Using reporting as a feedback tool to inform hedge execution. Hands-on experience with PowerBI to modernize reporting. Develop processes, systems and tools to support P/L reporting and attribution, risk reporting, scenario analysis, and transaction cost analysis. This work will include writing and maintaining SQL queries, building database and reporting functionality, market and trade data retrieval, and other elements common to the functionality and maintenance of derivatives analytic systems.
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