Head of Trading

Corebridge Financial • Houston, TX

7d • Hybrid

About The Position

Market Risk Management is a multi-disciplinary financial derivatives team that applies state-of-the-art technology in performing highly dynamic work. Our mandate is to hedge one of the most complex derivatives available today: retirement benefit guarantees. In service of that mandate we: manage a $50 billion+ multi-asset hedging portfolio, do research and development of new retirement products, and provide modeling and analytics expertise for the business. We are part of a larger organization but cultivate the entrepreneurial spirit of a small start-up. Our work is cutting edge within the industry.

Requirements

• Able to perform under pressure in fast paced environment where priorities can shift quickly
• At least 10 years of relevant experience in the financial services industry.
• Knowledge/experience includes one or more of the following: Capital Markets (CFA Level) Risk Management (FRM Level) Derivatives models and valuation techniques Advanced hedging techniques Annuity product design/structuring Quantitative investment strategies Fundamentals of GAAP/statutory accounting and regulation for life insurance liabilities User level data-base expertise. Knowledge of Access or SQL is preferred.

Nice To Haves

• Master’s degree in numerate field a plus.
• CFA, FRM, CQF or other financial mathematics designation(s) a plus
• Strong programming skills with knowledge of C++/VBA/Python/MATLAB preferred
• Personal attributes of a successful candidate would include: Enjoy working on multidisciplinary team to solve analytically complex problems. Detail and process oriented. Comfortable working in a structured environment that emphasizes operational controls. Ability to work on multiple projects, often with tight deadlines.

Responsibilities

• Lead the daily management of derivatives book
• Manage the portfolio and operations of the FIA/RILA/IUL hedging book
• Aggregate and analyze risk data on both assets and liabilities
• Ensure accurate and up-to-date risk reporting
• Perform quantitative analysis on large scale derivatives portfolio
• Advance new hedging strategies
• Support new FIA/RILA product designs
• Strategic capital analysis
• Communicate results to external constituents, including senior leadership
• Interact/maintain close relationship with banks and investment community to stay abreast of new developments in capital markets space
• Communicate and coordinate with staff throughout the businesses and functions on specific risk issues
• Provide technical expertise to questions from internal and external sources
• Financial derivatives and investment related projects as needed
• Manage a team of 3 FTEs

Benefits

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level