Quantitative Researcher/Developer

This Quantitative Research and Development role is a part of our Derivative Strategy and Trading team and will contribute to 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.

Principle Responsibilities:

• Evaluates the embedded market risks inherent to Variable Annuity products and builds 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.  

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

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

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

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

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

• Works 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.  

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

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

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

• Assists in testing new system components and features. 

Knowledge, Skills and Abilities:

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

• 1-3 years of related work experience in a quantitative role.

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

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

• Strong, practical computer programming sills, experience in Python is highly preferred.

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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.