Lincoln Financial Group-posted 13 days ago
Full-time • Mid Level
Hybrid • Radnor, PA
5,001-10,000 employees
Insurance Carriers and Related Activities

The Market Risk Management team is redefining how insurers manage market volatility. We're a collaborative group of quantitative strategists, derivative portfolio managers, and risk experts dedicated to protecting the balance sheet and maximizing capital efficiency across our large and sophisticated VA, RILA, FIA, IUL, and other product portfolios. Our work blends advanced quantitative modeling, dynamic hedging, and cross-asset risk analytics - spanning equity, interest rates, volatility, credit, and FX - to deliver precision risk mitigation. We leverage proprietary valuation systems, cutting edge technologies, and integrated risk frameworks to optimize hedge effectiveness and align with both economic and regulatory objectives. This is a space where technical excellence meets strategic influence. You'll partner with actuarial, investments, and finance teams to shape the future of asset-liability management, contribute to product innovation, and lead initiatives that directly impact enterprise capital and earnings stability. We're excited to bring on a VP, Senior Derivative Portfolio Manager to lead the Quantitative Trading Strategies team within Lincoln's Market Risk Management. In this role, you will: Lead the strategic design and implementation of hedging solutions for Lincoln's Annuities and Life businesses Direct a team of trading strategists to manage an industry leading derivative trading program including intra-day cross-asset trading operations & its P&L impacts. Monitor market conditions and macroeconomic trends to adjust hedge positions and ensure responsiveness to volatility and liquidity shifts Develop and enhance quantitative models and valuation systems to optimize hedge effectiveness and capital efficiency Be a thought leader in bringing cutting edge capital markets ideation to innovative insurance products

  • Contribute to the overall strategic vision of the Market Risk Management function by leading the development and implementation of hedging strategies and solutions to manage embedded market risks within Lincoln's annuity and life insurance products.
  • Oversee the onboarding of new indices & products to the hedging program while adhering to best practices in financial engineering
  • Exhibit thought leadership and provide guidance in the areas of current and emerging capital market risks, best of breed derivative trading platforms and derivative modeling and valuation.
  • Champion innovation in modeling, analytics, and technology to enhance hedging effectiveness and operational efficiency
  • Lead senior & executive management in developing & presenting strategic and tactical hedge solutions, explain cost benefit analysis and achieve buy-in
  • Build and maintain effective relationships with sell-side derivatives desks and trading partners.
  • Be a partner to the annuities business in developing next generation of products and index solutions.
  • Drive cross-functional collaboration across actuarial, finance, investments, and risk teams to ensure integrated decision-making and execution
  • Interface with middle and back office trading operation teams, legal, acct and treasury functions, design and help streamline trading operations past the trade
  • Direct Capital Market quants to develop and deploy cutting edge derivative asset valuation tools to aid the trading platform and valuation of our cross-asset derivative portfolio
  • Understand how regulations - Capital Markets, Insurance & Accounting (GAAP) - and market structure affects Lincoln's hedge programs and design mitigating strategies.
  • Ensure their assigned area(s) meet all objectives pertaining to quality, compliance, regulations, productivity, budget and project management.
  • Develop, manage & deploy market data requirements for MRM and to other areas in the firm
  • 12+ Years experience in derivatives risk, strategy and/or financial engineering that directly aligns to the responsibilities of this position, including 5+ years of managerial, supervisory, and/or demonstrated leadership experience. (Required)
  • 5+ years of demonstrated experience influencing key stakeholder experience.
  • Demonstrated strong relationship management skills with internal clients (e.g. senior/executive management, peers and colleagues); proven ability to develop creative and collaborative approaches.
  • People management experience including hiring, coaching and developing team members and culture
  • Strong knowledge of capital markets instruments and hedging strategies.
  • Strong knowledge of derivatives within Insurance, Banking and/or Hedge Funds.
  • Knowledge of quantitative finance including option theory, linear algebra and optimization techniques
  • Demonstrates ability to analyze and propose solutions for a range of technical design issues.
  • Demonstrates experience in identification, assessment, and communication of technical design capability and risk within a large and complex environment
  • Advanced degree (Master's or PhD) in quantitative finance, mathematics, statistics, engineering, or a related field strongly preferred; Bachelor's degree with significant relevant experience will be considered.
  • Knowledge of Insurance Capital Structures & Legal Entity experience is a plus
  • Hybrid working arrangement in Radnor, PA preferred
  • Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
  • Leadership development and virtual training opportunities
  • PTO/parental leave
  • Competitive 401K and employee benefits
  • Free financial counseling, health coaching and employee assistance program
  • Tuition assistance program
  • Work arrangements that work for you
  • Effective productivity/technology tools and training
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