Associate Quantitative Researcher/Developer

This Quantitative Developer role will contribute to the objectives of Venerable’s Risk Strategy team, which is responsible for the development of our propriety systems and tools to support our hedge program and investment portfolio.

This includes trading systems, back testing tools, valuation software, analytics, reporting, capital markets research, and various models.

Primary responsibilities will include the following:

• Evaluate the embedded market risks inherent to Variable Annuity products and build an understanding of how those risks are strategically managed through a hedge program and investment portfolio while attempting to reduce risk to a strategically acceptable level.

• Assist in the research of theoretical valuation methodologies and models for derivatives and/or financial instruments.

• Assist in the implementation of practical valuation solutions for the business to utilize.

• Work toward attaining a high level of knowledge of the derivatives and/or investments contained in the company portfolio.

• Utilize code libraries for market consistent valuations, statistics, solve optimization problems, analytics and attributions.

• Enhance tools required to analyze strategic hedging, investment and business decisions.

• Work toward developing a strong knowledge of market parameters and their impact on the value of VA Products and financial/derivative instruments within the company portfolio.

• Perform research, ad-hoc analysis and reporting as needed.

• Assist in the application of scalable technology to support the business and enhance the efficiency of our main profit centers.

• Assist in managing large data sets; consultation on database structures, organize data, and work on database optimization, etc.

• Assist in testing new system components and features.

Key Qualifications:

• Advanced degree preferred in a Quantitative field such as Mathematics, Physics, Statistics, Engineering, Computer Science, Economics, Quantitative Finance, or Financial Engineering.

• 1 year of related internship and/or full-time work experience.

• Quantitative/analytic reasoning and problem-solving abilities and a basic understanding of how to apply numerical methods to add business value.

• Working knowledge of Derivative Pricing Theories and Fixed Income investment products.

• Knowledge of/experience with complex systems, database design, agile development principles.

• Strong, practical computing skills; proficiency in Python and SQL is required.

• Experience working on in-depth research projects.

• Excellent analytical skills, with strong attention to detail.

• Strong written and verbal communication skills.

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Venerable Values: 

Every position at Venerable has responsibility for living out the company's values as described here:

We are Courageous - We think critically, ask "why?" and seek out creative solutions.

We are Curious  - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.

We are Connected - We are connected to each other, our customers and our community.