Leader of Derivatives

Morristown, New Jersey
Not Specified
Apr 10, 2018
Jun 09, 2018
Job Type
Not Specified
Career Level
Not Specified

Brighthouse Financial is a new company established by MetLife. Were on a mission to help people achieve financial security. Built on a foundation of industry knowledge and experience, we specialize in offering essential annuity and life insurance products designed to help customers protect what theyve earned and ensure it lasts more predictably. In an industry that often has a reputation for complexity, confusion, and cost, Brighthouse Financial is different. Our approach includes simplicity, transparency, and more value so customers can face the future with confidence.

Brighthouse Financial is seeking passionate, high-performing team members to help us carry out our mission and be part of an exciting journey toward improving the financial futures of our millions of customers. Sound like you? Read on.

Role Value Proposition:

The candidate filling this role will assist the Company by: (1) providing quantitative expertise to aid in hedging decisions; (2) designing and implementing advanced analytic technologies and mathematical techniques to reduce hedging costs (i.e., funding/CSA valuation adjustments); (3) providing guidance on hedging impacts on statutory and economic capital calculations and by (4) assisting in the development of derivatives strategies to solve ALM challenges;

The Candidate will help lead the day-to-day management of the Investment Departments derivatives positions, and will serve as the lead financial engineer in the group. This role will contribute to the development of trading desk models for Interest Rate, Foreign Currency, Inflation, Equity and Hybrids. Furthermore, this role will be responsible for the refinement, enhancement and automation of the Investment Departments derivatives analytics and market risk infrastructure.

Department: Investments & Fund Management

Key Relationships:

  • Reports To: SVP Managing Director, Investments
  • Direct Reports/Team: 1-2
  • Other Key Stakeholders: Investments, ALM, Risk

Travel: Negligible

Key Responsibilities:

  • Serve as lead quant in the Derivatives Group. Develop custom trading desk models for Interest Rate, Foreign Currency, Inflation, Equity and Hybrids
  • Act as Lead Structurer of new hedging solutions as well as run the Credit RSAT program
  • Assist in managing a team of Analysts in Derivative mechanics and data analytics
  • Contribute to the refinement of the Companys derivative valuation frameworks
  • Proactively seek out opportunities to improve the quality and consistency of the risk and derivatives analytics used by senior-most management to drive hedging decisions (and ALM performance)
  • Be available to work with Liability Actuarial teams to review, refine and enhance capital markets assumptions in liability
  • Partner with IT and Risk Management to implement and enhance derivatives platforms

Essential Business Experience and Technical Skills:

  • Masters degree (or above) in an engineering discipline, mathematics or financial engineering required. The ideal candidate will have excellent mathematical skills and computer science level programming skills
  • Expert level knowledge of Interest Rate, Equity, FX derivatives, & Cross-Market (Hybrid) pricing models. Detailed understanding of calibration and testing techniques. Ability to articulate modeling assumptions and analytical implications of model choices
  • Extensive background in derivatives accounting and hedge accounting
  • 10 + years of experience working as a quant at a buy-side, sell-side or major risk/financial technology firm
  • Must be familiar with regulatory/statutory capital and actuarial/liability models (must be able to converse with Actuaries regarding valuation/stress testing methodology)
  • Ability to write professional grade C#, C++, Java, and/or Python code
  • Must have expertise with the Numerix suite of products
  • Experience with Aladdin a plus

Leadership Competencies:

  • Thinks Strategically Sets a business intelligence platform direction and strategy that is aligned to the strategy of the company and to the informational needs of the functional areas of the business
  • Creates Partnerships Authentically builds trusted relationships and collaborates across diverse and multi-functional teams to successfully drive business objectives
  • Seizes Opportunity Seeks new opportunities and ways to create balanced business growth while improving operational capabilities
  • Drives Results Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards

Number of Openings:


Contact Information:

Stephen Savastano : stephen.savastano@brighthousefinancial.com

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