Sr. Quantitative Derivative Associate – Market Risk Strategy

Alternate Locations: Radnor, PA (Pennsylvania)

Work Arrangement:

Hybrid/Common Days : Work 2-3 days a week in a Lincoln office with a designated workspace.

Relocation assistance: is not available for this opportunity.

Requisition #: 73832

The Role at a Glance

We’re excited to add a Sr. Quantitative Derivative Associate to our Market Risk Strategy team! This team within Market Risk Management (MRM) is responsible for the hedging and market risk management strategy, product risk management strategy, and fund risk management analytics and strategy. The position will be heavily involved in developing market risk strategies that use capital markets, actuarial and computational tools and models to hedge and manage capital market risk exposures to the underlying businesses and investments. The role will also work with, and leverage the work of, other MRM asset and liability teams and other product and finance teams across the company closely and play a vital role in optimizing our hedging programs, and managing the inforce business and developing new products to support company’s sustainable growth.

What youll be doing

Contribute to the overall strategic design in the development and implementation of hedging strategies and solutions to manage embedded market risks within Lincoln’s annuity and life insurance products.

Contribute to continued enhancements of our market risk management and hedge solutions in practice and theory, on asset/liability risk modeling, hedge strategies, risk analytics, and performance attribution reporting.

Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assess the impact, and collaborates with senior management to incorporate new trends and developments in current and future solutions.

Hedge Strategy: Perform integrated asset/liability hedge strategy analysis, developing tools and leveraging the MRM risk modeling and derivatives trading teams for support of asset/liability projections and modeling support. Improve strategy to maintain its optimality as the book, markets, market experience evolves. Reduce hedge costs by looking for synergies across products/businesses and optimize the hedge targets without taking undue risks. Develop hedge strategy that optimizes the value of the in-force and supports sustainable growth.

Fund Strategy and Analytics: Perform the funds analytics function that actively measures and reports fund performance, underlying the variable products, and its impact on key financial metrics, making hedge strategy recommendations and working with Funds Management as needed. Provide MRM advisory oversight of the onboarding of new funds and changes to the risk management platform while adhering to best practices in financial engineering.

Product Strategy: Provide MRM advisory oversight of product market risk review while adhering to support sustainable growth. Developing tools and leveraging models and tools from other teams. Be an active part of product design such that market risks can be internally sourced/recycled/offset. Be a partner to the lines of businesses in ideating and developing next generation of products and market risk solutions.

What we’re looking for

Must Haves

4 Year/Bachelor’s Degree in a quantitative field or equivalent work experience.

1 – 3 Years of work experience, with two years of experience programming or modeling for financial industry with Python/C applications. Graduate training may substitute some work experience requirement.

Attention to details and a quick learner

Nice to have

Investment, actuarial, or risk management credential

Ph.D or Master’s degree in Applied Math, Statistics, Actuarial Science, Quantitative Finance, Computer Science, with strong programming background strongly preferred

Annuity valuation and product pricing experience strongly preferred, with working knowledge of annuity products & marketplace, statutory capital, GAAP accounting of VA, FIA and RILA annuities, hedging strategies and mutual funds

Recent annuity hedging program experience strongly preferred, with working knowledge of quantitative finance, stochastic simulation, and financial derivatives.

Hands -on modeling experience of complex financial projections, such as actuarial pricing projections and FP&A

Prior experience in rating agency or investment banks performing life insurance industry analysis

Prior experience for fund analysis or portfolio analysis for VA products

Prior experience in capital management or financial analysis function

Programming

Prior experience on hands-on computational modeling and data analysis using Python/SQL/C Application Deadline

Applications for this position will be accepted through December 31st, 2024 subject to earlier closure due to applicant volume

What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What’s in it for you:

Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.

Leadership development and virtual training opportunities

PTO/parental leave

Competitive 401K and employee benefits (https://hrdirectdocs.lfg.com/misc/HR/Recruiting/BenefitsResourcesGuide.pdf)

Free financial counseling, health coaching and employee assistance program

Tuition assistance program

A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations

Effective productivity/technology tools and training

The pay range for this position is $53,500 – $92,500 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.

About The Company

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

Lincoln is committed to creating a diverse and inclusive (https://www.lfg.com/public/aboutus/companyoverview/diversityinclusion?audiencepageid=1422918942386) environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Follow us on Facebook (http://www.facebook.com/lincolnfinancialgroup) , X (https://mobile.twitter.com/lincolnfingroup) , LinkedIn (https://www.linkedin.com/company/4307?trkInfo=tas%3Alincolnfinancial%2Cidx%3A3-1-3&trk=tyah) , and Instagram (https://www.instagram.com/lincolnfingroup/) . For the latest company news, visit our newsroom (https://www.lincolnfinancial.com/public/aboutus/newsroom) .

Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincolns fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.

Additional Information

This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

This Employer Participates in E-Verify. See the E-Verify (https://www.e-verify.gov) notices.

Este Empleador Participa en E-Verify. Ver el E-Verify (https://www.e-verify.gov/es) avisos.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information. Opportunities throughout LFG are available to employees and applicants and are evaluated on the basis of job qualifications. We have a drug free work environment and we perform pre-employment substance abuse testing.