Derviatives Analyst / Trader

Symetra Financial Farmington , CT 06030

Posted 3 months ago

Symetra has a great opportunity to join our Investment Management team in Farmington, CT as a Derviatives Analyst & Trader

About the role

You'll be responsible for various trading, analytical, and quantitative development functions within the derivatives front office of the investment management department. This primarily includes the identification and execution of derivative trades in accordance with approved programs, with a focus on the Symetra's indexed annuity hedging program but including other asset and liability management/general account hedging strategies. Your other main responsibilities will include analytical work on the underlying portfolio of assets and/or liabilities, and production-level coding in support of the databases and proprietary derivative systems maintained by Symetra for the management of the derivatives portfolio.

Responsibilities

  • Execution of derivative trades in accordance with the Symetra's approved derivatives programs, in both cleared and bilateral derivatives markets using both exchange-listed and over-the-counter instruments. Trading of futures, options, and other derivatives in support of Symetra's indexed annuity hedging program (and related to both static and dynamic strategies therein), as well as positions across rates, credit, commodity, and/or FX derivatives. Review and execution of trade confirmations. Other projects relating to the ongoing facilitation of trading, including maintaining relationships with Wall Street dealers, configuration of execution platforms, etc.

  • Writing production-level code in VBA, C#, SQL, or other languages utilized in the Symetra's environment to enhance the functionality of proprietary derivative systems maintained for the management of the derivatives portfolio. This work may include database and reporting functionality, new modules for the valuation of derivatives or liabilities, enhancing system automation and validation, market data retrieval, developing or enhancing front-office trading tools, and other elements common to the functionality and maintenance of derivatives analytic systems.

  • Analytical work on assets and liabilities in support of the management of the overall derivatives portfolio consistent with approved derivative program documentation and the Symetra's risk appetite. May include derivatives pricing, modeling prototypes, review of aggregate Greeks/risk exposures, analysis of new product features, coordination with lines of business, and other related work.

A little bit about us

We have 60 years of experience providing products and services that help people and businesses achieve their financial goals through our Retirement, Benefits and Individual Life divisions. Based out of Bellevue, Washington and with offices in 20 locations across the U.S. we're one team empowering each other to be innovative, always learn and to be committed to serving our customers, partners and the communities in which we live and work.

What we offer

We don't take a "one-size-fits-all" approach when it comes to our employees. Our programs are designed to make your life better--both at work and at home.

  • Flexible and telecommute work arrangements

  • Paid time away options to accommodate your needs and life's events, including vacation (our favorite), illness, caring for a family member, volunteering, the birth or adoption of a child, the loss of a family member and more

  • Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%

  • Wellness program offering employees a variety of resources designed to assist you in reaching and maintaining your optimum health

  • Life and disability benefits to provide financial protection for you and your family

  • Give back to your community and double your impact through our company matching and/or participate in our company-wide week of service each June

  • Want more details? Check out our Symetra Benefits Overview

Education Required: Highly quantitative educational credentials, as evidenced by an Master's/PhD degree in a quantitative discipline, such as Mathematics, Computer Science, Engineering, or Operations Research, or a Bachelor's degree in a quantitative discipline and evidentiary information supporting superior quantitative proficiency.

Mininum Years of Related Work Experience Required: 7-10 years of overall experience in a front office and/or quantitative role in a bank, insurance company, hedge fund, pension fund, or other asset management firm.

Specific Industry and/or Specialty Experience Required:

  • At least 7 years focused directly on hedging and/or the derivatives markets.

  • Demonstrable database (SQL) and coding (VBA required, C# preferred) proficiency suitable for the development of tools that will be used in a production trading and analytical environment.

  • Minimum 3 years direct experience as a derivatives trader (execution only, or with discretion). An exception may be made to this requirement for a candidate with significant strengths in the other key attributes of the position.

Skills and Abilities Required:

  • A sound and demonstrable understanding of derivatives pricing and hedging, including knowledge of risk-neutral valuation and option pricing techniques, and the ability to write production-level derivatives-oriented code in asset or liability valuation systems. Must have sound understanding of derivatives-oriented technology platforms and experience in database use and development.

  • High-level spreadsheet skills, including an emphasis on efficient automation of quantitative desktop trading and portfolio management tools.

  • A "get it done" work ethic that supports the completion of tasks within specified timeframes, and the ability to adjust to shifting priorities as business conditions warrant, understanding that the work requirements of the position will sometimes embed inflexible deadlines. The ability to work cooperatively and collegially within a small team environment and communicate ideas effectively.

Education/Experience/Licensing/Training/Skills/Abilities Preferred:

  • One or more of the following is highly beneficial:

  • Direct familiarity with index-linked insurance products, including indexed and/or variable annuity hedging programs

  • Direct derivatives trading experience is a considerable advantage

  • Knowledge of equity index options and other derivatives

  • Knowledge of NumeriX cross-asset

  • Knowledge of derivative collateralization regimes and requirements

  • Knowledge of new and emerging regulation relating to derivatives, including Dodd-Frank and EMIR

  • Certicifate in Quantitative Finance designation

  • Chartered Financial Analyst designation

In a complex industry, we strive for clarity.

Symetra is a dynamic and growing financial services company with 60 years of experience and customers nationwide. In our daily work delivering retirement, employee benefits, and life insurance products, we're guided by the principles of VALUE, TRANSPARENCY AND SUSTAINABILITY. That means we provide products and services people need at a competitive price, we communicate clearly and honestly so people understand what they're getting, and we build products that stand the test of time. We work hard and do what's right for our customers, communities and employees. Join our team and share in our success as we work toward becoming the next national player in our industry.

To learn more about Symetra and our careers visit www.symetra.com/careers


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Business Analyst

United Technologies Corporation

Posted 6 days ago

VIEW JOBS 10/11/2019 12:00:00 AM 2020-01-09T00:00 Date Posted: 2019-08-12-07:00 Country: United States of America Location: PW220: Farmington 1 Farm Springs Road , Farmington, CT, 06032 USA Responsibilities / Accountabilities * You will facilitate business requirements. * You will interact with the IT group to determine appropriate computer-related solutions to business problems. * This position provides analysis, definition and direction to computer-related development and maintenance activities. * Ensures correct business functionality, requirements, and industry standards are addressed within the computer applications. * You will be responsible for determining how changing business needs will affect the system. Understands the role of the system in the big picture and provides ideas and recommendations regarding the evolution of the system. * You will build effective relationships with business units to develop a "joint" vision. Acts as a liaison with IT and/or outside vendors as appropriate in support of the system. Works together with Developers and the Project Management Team to ensure the client's business needs have been met. * Respond to questions and assists the customer regarding current and potential system inputs, processes, and outputs. Conducts research and analysis into the nature, effect and results of system problems. Develops detailed business requirements, system documentation, and workflow procedures while ensuring the customer understands the final results of the project(s). * Assist in the testing and implementation of any new releases of the software. * You will produce weekly updates for the Project Manager regarding the status and activities being performed by the analysts group. * Meet regularly with members of the team to ensure that any new enhancements made to the system are coordinated for consistency. * Assist in researching new corporate initiatives (Compliance, system upgrades, One Company Initiatives etc.) assigned to the team. * Communication and training of new requirements. * Bachelor's degree in an engineering, physics, math, statistics, computer science or related field of study required. United Technologies Corporation is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class. Privacy Policy and Terms: Click on this link to read the Policy and Terms United Technologies Corporation Farmington CT

Derviatives Analyst / Trader

Symetra Financial