Derivatives Analyst & Trader (Hybrid)

Overview

Our client, a well-established institutional investor and insurance-related asset management organization, is seeking a Derivatives Analyst & Trader to join its front-office investment team. This role offers a unique blend of derivatives trading, quantitative analysis, risk management, and technology development.

The ideal candidate will be a hands-on professional with experience trading derivatives, building analytic tools, and automating processes within a fast-paced investment environment.

Key Responsibilities

Derivatives Trading & Execution

• Execute derivatives transactions across multiple asset classes, including:
  • Equities
  • Interest Rates
  • Credit
  • Commodities
  • Foreign Exchange
• Trade both exchange-listed and OTC derivative instruments.
• Manage all aspects of the trade lifecycle, including:
  • Trade execution
  • Confirmation review
  • Trade booking
  • Reconciliation
  • Settlement support
  • Collateral management

Quantitative Analysis & Risk Management

• Analyze derivative portfolios and underlying liabilities to support hedging and investment objectives.
• Perform:
  • P&L analysis and attribution
  • Scenario analysis
  • Risk reporting
  • Hedge effectiveness reviews
  • Transaction cost analysis
• Partner with investment, risk, and operations teams to support portfolio management initiatives.

Technology & Process Development

• Develop and maintain trading tools, analytics platforms, and automated reporting solutions.
• Create scalable infrastructure supporting trading and risk management activities.
• Write and maintain:
  • Python applications
  • SQL queries
  • VBA automation tools
• Support data integration, reporting, and workflow automation initiatives.

Reporting & Business Intelligence

• Build and enhance reporting capabilities using Power BI and related technologies.
• Develop processes supporting:
  • Portfolio reporting
  • Risk analytics
  • Market data management
  • Trade data retrieval
  • Performance measurement

Qualifications

Required

• Bachelor's degree in Computer Science, Mathematics, Engineering, Finance, or a related quantitative discipline.
• 5+ years of experience in one or more of the following:
  • Derivatives trading and hedging
  • Quantitative analytics
  • Front-office technology development
  • Risk management systems development
• Strong understanding of:
  • Options
  • Futures
  • Swaps
  • Derivatives valuation methodologies
  • Hedging strategies
  • Risk-neutral pricing concepts
• Advanced programming skills in:
  • Python
  • SQL
  • Excel/VBA
• Experience developing production-facing tools and automated processes.
• Ability to thrive in a fast-paced, deadline-driven environment.

Preferred

• Experience supporting insurance-related hedging programs.
• Knowledge of:
  • Equity index options
  • Structured insurance products
  • Collateral and margin management
  • Quantitative risk systems
  • Numerix or similar derivatives analytics platforms
• Experience with Power BI and data visualization solutions.

Compensation

• Base Salary: $132,000 - $179,000, plus 50% bonus
• Annual Bonus Eligibility
• Comprehensive Benefits Package
• 401(k) with Company Match
• Flexible PTO Program
• Hybrid Work Environment (2 days in office)

Ideal Backgrounds

• Derivatives Trader
• Quantitative Analyst
• Quant Developer
• Hedge Analyst
• Risk Analyst
• Insurance Hedging Specialist
• Portfolio Analytics Professional