Sr. Quantitative Derivatives Associate, Quantitative Risk Modeling - Market Risk Management

$59,101 - $110,900/Yr

Lincoln Financial Group

Full-time - Entry Level

Remote

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Senior Quantitative Derivatives Associate position at Lincoln Financial Group offers a unique opportunity to join the Quantitative Risk Modeling team within Market Risk Management (MRM). This team is responsible for the development, implementation, and analysis of models that support the annuity hedge programs. The role involves creating and maintaining stochastic, analytical, and machine learning models that integrate capital market, actuarial, and quantitative finance disciplines. These models are crucial for producing data and analytics that aid in hedging, pricing, and valuation for the annuity business. The Senior Associate will play a key role in connecting the team's work with other business areas, contributing to firm-wide initiatives such as launching new products, adapting to regulatory changes, and developing innovative hedging strategies. The candidate is expected to deliver on assignments that mitigate market risk by identifying and reporting on key risks associated with both variable and indexed annuities. In this role, the Senior Associate will perform operational processes for variable annuities, including stochastic projections for future liability calculations and the rebalancing of hedging assets and liabilities. They will maintain and update first principles reference models for cash flow calculations related to variable annuities and generate stochastic and deterministic economic scenarios for various internal projections. The position also requires the development and implementation of improvements to MRM's risk models, workflows, and systems, as well as supporting the implementation of existing and new product designs and features. The role demands strong analytical and organizational skills, as well as the ability to communicate effectively with both technical and non-technical audiences.

Responsibilities

• Perform operational processes for variable annuities, including stochastic projections for future liability calculations and hedging assets/liabilities rebalancing.
• Maintain and update first principles reference models for variable annuities cash flows calculation.
• Generate stochastic and deterministic economic scenarios for various internal assets/liabilities projections.
• Develop and implement improvements to MRM's risk models, workflows, and systems.
• Support the implementation process of existing and new VA/RILA product designs and features.
• Conduct ad hoc analyses as required.
• Identify strengths and weaknesses of alternative solutions to resolve issues using logic and reasoning.
• Recommend process improvements that significantly reduce workloads or improve quality across the team.
• Serve as a resource for organizational initiatives by supporting change management and departmental initiatives.
• Build and maintain strong relationships with internal clients and management to foster collaboration.

Requirements

• Bachelor's degree in Statistics, Mathematics, Hard Science/Engineering, or Actuarial Science, or equivalent work experience (4 years of experience in lieu of Bachelor's).
• Proficiency in a common programming language such as Python, R, Java, C#, or C++.
• 0-2 years of experience in variable annuity market risk management or a related field.
• Knowledge of capital markets and insurance products, particularly annuities.
• Strong analytical, diagnostic, and organizational skills with the ability to communicate effectively to a wide range of audiences.

Nice-to-haves

• Master's level or advanced degree preferred but not required.
• Working knowledge of capital markets instruments, derivatives models, and valuation techniques.
• Strong written and verbal communication skills.
• Proficiency with Excel/VBA.
• Experience working with data and interfacing with databases, either SQL or No-SQL.
• Ability to read C++/C.
• Ability to handle multiple priorities and adapt to changing priorities as needed.
• Ability to perform in a fast-paced work environment.
• Attention to detail.

Benefits

• Clearly defined career tracks and levels with associated behaviors for each Lincoln leadership attribute.
• 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.
• Remote work environment and flexible hybrid work situations.
• Effective productivity/technology tools and training.