Senior Derivatives Portfolio Manager

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

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Get to Know the Opportunity

The Senior Derivatives Portfolio Manager will join our existing team and share joint responsibility for the implementation and daily management of all derivative use by Voya’s regulated entities, including hedging programs, both system and non-system based, replication functions, and other risk management applications, across our Index Annuity, Life, and other product lines, and in support of our General Account assets.  There is a significant advisory role performed by members of the team with respect to Voya’s Finance organization, Risk, and the operating units of the life insurance companies. As well, the team holds primary responsibility for the daily management of interest rate risk across external asset management client portfolios, implements hedging transactions for various asset classes, and participates in risk-taking functions, for certain portfolios, related to interest rates and interest rate volatility. The team is a primary point of implementation for funding-related activities within the Fixed Income and GA businesses. Over time, it is expected that the Sr. Derivatives Portfolio Manager will contribute to the process of finding solutions to our risk management challenges and add value in the advisory component of the role.

The Contributions You Will Make

• Assist Derivative & Rates Desk in management of hedging programs.
• Trade execution.
• Assist in development of hedging strategies and solutions in collaboration with various “customers” of the Desk.
• Help manage derivative overlay programs in our fund, separate account, and other portfolios.
• Develop and maintain relationships with counterparties.
• Comply with Derivative Use Plans and fulfill the control and governance functions of the Derivative & Rates Desk. Interact with auditors and regulators.
• Ad-hoc risk analysis, modelling, and reporting.
• Engagement with the rest of the Fixed Income, Investment Management, and Voya businesses.

Minimum Knowledge and Experience

• Undergraduate degree emphasizing the development of logical reasoning skills, with coursework in quantitative methods and structured data, or equivalent experience.
• 8+ years of trading, investment management, or other relevant experience.
• Strong quantitative and analytical skills, combined with an ability to see the big picture and make implementable decisions.
• Ability to multi-task and handle trade requests from multiple sources simultaneously.
• Strong verbal and written communication skills.
• Excellent team skills.
• Experience working with investment-related data and portfolio systems.
• Prior insurance company experience, or exposure to insurance company liabilities and ALM challenges, a plus.

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Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the a