Associate Quantitative Analyst

Venerable

2d•Hybrid

About The Position

This Quantitative Analyst role will contribute to the objectives of Venerable’s Risk Strategy team, which is responsible for the development of our propriety systems and tools to support our hedge program and investment portfolio. This includes trading systems, back testing tools, valuation software, analytics, reporting, capital markets research, and various models. Primary responsibilities will include the following: Evaluate the embedded market risks inherent to Variable Annuity products and build an understanding of how those risks are strategically managed through a hedge program and investment portfolio while attempting to reduce risk to a strategically acceptable level. Assist in the research of theoretical valuation methodologies and models for derivatives and/or financial instruments. Assist in the implementation of practical valuation solutions for the business to utilize. Work toward attaining a high level of knowledge of the derivatives and/or investments contained in the company portfolio. Utilize and contribute to code libraries for market consistent valuations, statistics, solve optimization problems, analytics and attributions. Enhance tools required to analyze strategic hedging, investment, and business decisions. Work toward developing a strong knowledge of market parameters and their impact on the value of VA Products and financial/derivative instruments within the company portfolio. Perform research, ad-hoc analysis, and reporting as needed. Assist in the application of scalable technology to support the business and enhance the efficiency of our main profit centers. Assist in managing large data sets; consult on database structures, organize data, and work on database optimization, etc. Assist in testing new system components and features.

Requirements

Advanced degree preferred in a Quantitative field such as Mathematics, Physics, Statistics, Engineering, Computer Science, Economics, Quantitative Finance, or Financial Engineering
1 to 3 years of related internship and/or full-time work experience
Quantitative/analytic reasoning and problem-solving abilities and a basic understanding of how to apply numerical methods to add business value
Working knowledge of Derivative Pricing Theories; knowledge of Equity and/or Fixed Income markets a plus
Interest in the Capital Markets
Knowledge of/experience with complex systems, database design, agile development principles
Strong, practical computing skills; proficiency in Python and SQL is required
Experience working on in-depth research projects
Comfort with ambiguity and a bias for delivering results
Excellent analytical skills, with strong attention to detail
Strong written and verbal communication skills

Responsibilities

Evaluate the embedded market risks inherent to Variable Annuity products
Assist in the research of theoretical valuation methodologies and models for derivatives and/or financial instruments
Assist in the implementation of practical valuation solutions for the business to utilize
Utilize and contribute to code libraries for market consistent valuations, statistics, solve optimization problems, analytics and attributions
Enhance tools required to analyze strategic hedging, investment, and business decisions
Perform research, ad-hoc analysis, and reporting as needed
Assist in the application of scalable technology to support the business and enhance the efficiency of our main profit centers
Assist in managing large data sets
Assist in testing new system components and features