Manager, Derivatives Investments

Summary

Join Fidelity & Guaranty Life Insurance Company (F&G) as a Manager, Investments - Derivatives! This role supports and monitors the company’s interest rate derivatives and currency hedges to enhance yield and improve the Asset-Liability Management (ALM)/duration profile. You will develop interest rate derivative strategies, manage the derivatives portfolio, analyze financial markets, and recommend hedge strategies. The position requires strong analytical, communication, and technical skills, including proficiency in Microsoft Excel (VBA) and SQL. A Bachelor’s degree in a related field and 7+ years of investments hedging experience are required. F&G offers a flexible work environment with in-office, hybrid, and remote work arrangements.

Requirements

• Bachelor’s degree in mathematics, statistics, finance, actuarial science or related field
• 7+ years of investments hedging experience
• 5+ years of experience related to interest rate derivatives (bond forwards, interest rate swaps, and futures), addressing unique needs of insurance
• Strong technical, analytical, organizational, and communication skills
• Strong capabilities in Microsoft Excel (VBA) and SQL
• Demonstrated strong technical and financial modeling skills with the ability to automate/streamline current processes
• Strong project management skills
• Strong problem-solving skills that include advanced analytical and reasoning abilities
• Self-starter who demonstrates strong initiative and displays a high energy level
• Team player who has the ability to function as a key member of a small group
• High degree of ownership for their areas of responsibility

Responsibilities

• Develop interest rate derivative strategies targeting insurance company assets and liabilities, and understand the market-to-market impacts on an insurance company balance sheet (e.g. IMR)
• Assist in the management of interest rate derivatives portfolio with a focus on analyzing, selecting and executing hedging strategies to support overall balance sheet positioning needs and achieve risk/profitability objectives
• Analyze financial markets and collaborate with other teams, including the CIO office, Treasury, risk, and accounting stakeholders to evaluate structural interest rate risk exposures
• Develop and recommend hedge strategies using derivatives instruments including bond forwards, interest rate swaps, caps, floors, swaptions, etc
• Monitor current hedge strategies and derivatives instruments to optimize risk/profitability objectives, ensuring compliance with Replication Synthetic Asset Transaction (RSAT) requirements
• Develop analytics required to manage an interest rate derivatives portfolio with a focus on automation for improved efficiency
• Perform other functions, duties and projects, as assigned
• Regular and punctual attendance

Preferred Qualifications

• Successful attainment of CFA or ASA/FSA
• Actuarial background
• Insurance product knowledge (e.g., FIA, MYGA, IUL, etc.)
• Working knowledge of Tableau

Benefits

Ability for in-office, hybrid and remote work arrangements