Associate Director, Products and Hedging Solutions

Aon; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

An established industry player is seeking an Associate Director for Products and Hedging Solutions in Toronto. This hybrid role involves building Economic Scenario Generators and leading hedge reporting for clients. The ideal candidate will have extensive experience in quantitative analysis, strong programming skills, and expertise in financial asset valuation. Join a forward-thinking team dedicated to innovation and excellence in risk management, where your contributions will help shape the future of financial decision-making. This role offers a unique opportunity to work in a collaborative environment that values inclusivity and professional growth.

Benefits

Comprehensive Benefits Package

Global Wellbeing Days

Flexible Working Solutions

Qualifications

• 8+ years of experience in quantitative analysis and risk management.
• Master’s degree in a quantitative field is required, PhD preferred.
• Strong programming skills in Python and C++.

Responsibilities

• Build and maintain Economic Scenario Generators for financial asset valuation.
• Lead Daily Hedge Reporting and P&L Analysis Services.
• Develop innovative hedging and asset management strategies.

Skills

Quantitative Analysis

Python Programming

C++

Monte Carlo Simulation

Optimization

Time Series Analysis

Financial Modelling

Communication Skills

Education

Master’s Degree in Financial Engineering

PhD in a Quantitative Field

Tools

PathWise

Numerix

FinCAD

Job description

Associate Director, Products and Hedging Solutions

Aon is looking for an Associate Director, Products and Hedging Solutions within Aon Reinsurance, in Toronto, Ontario.

This is a hybrid role with the flexibility to work both virtually and from our Toronto office.

Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Build and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
• Lead the Daily Hedge Reporting and P&L Analysis Services for Aon’s clients
• Play a key role in developing and implementing innovative hedging and asset management strategies in PathWise to effectively manage complex exposures that combine Actuarial, Financial, and Capital Market risks.
• Develop, maintain, and document sophisticated financial asset and liability models in PathWise to support various investment management and risk management projects.
• Participate in quantitative research projects that support investment decision processes, applying quantitative skills, such as time series regressions, optimization, Monte Carlo simulation, and data visualization techniques.
• Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration and insurance company financial reporting.
• Provide analytical support to portfolio managers, traders, and risk managers on the risk, return and transaction cost/market impact of investment portfolios and strategies.

How this opportunity is different

This position will support the Products and Hedging Solutions services provided by the PathWise Solutions Group (PSG) at Aon. The core responsibilities include developing and analyzing hedging and asset allocation strategies in the PathWise platform and designing new financial models and processes within the system.

Skills and experience that will lead to success

• 8+ years of experience as a quantitative analyst in an investment management/risk management/hedging/model vetting role
• Master’s degree in a quantitative field (Financial Engineering, Mathematical Finance), PhD a plus
• Strong analytical and problem solving skills
• Strong programming skills in Python, experience in implementing quantitative finance libraries in Python or C++
• Expert knowledge of financial assets including derivatives and their valuation models
• Expert knowledge of stochastic interest rate, equity and credit models
• Knowledge of statistics, mathmatical finance and economics
• Strong numerical technique skills in Monte-Carlo simulation, optimization, time series analysis and PDE
• Strong communication skills for heavy team and client interactions
• Ability to work well in a fast-paced environment with changing priorities
• Experience working with financial software packages such as Numerix, FinCAD a plus

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

#LI-HYBRID
#LI-NA1

2561224

Associate Director, Products and Hedging Solutions

Aon is looking for an Associate Director, Products and Hedging Solutions within Aon Reinsurance, in Toronto, Ontario.

This is a hybrid role with the flexibility to work both virtually and from our Toronto office.

Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Build and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
• Lead the Daily Hedge Reporting and P&L Analysis Services for Aon’s clients
• Play a key role in developing and implementing innovative hedging and asset management strategies in PathWise to effectively manage complex exposures that combine Actuarial, Financial, and Capital Market risks.
• Develop, maintain, and document sophisticated financial asset and liability models in PathWise to support various investment management and risk management projects.
• Participate in quantitative research projects that support investment decision processes, applying quantitative skills, such as time series regressions, optimization, Monte Carlo simulation, and data visualization techniques.
• Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration and insurance company financial reporting.
• Provide analytical support to portfolio managers, traders, and risk managers on the risk, return and transaction cost/market impact of investment portfolios and strategies.

How this opportunity is different

This position will support the Products and Hedging Solutions services provided by the PathWise Solutions Group (PSG) at Aon. The core responsibilities include developing and analyzing hedging and asset allocation strategies in the PathWise platform and designing new financial models and processes within the system.

Skills and experience that will lead to success

• 8+ years of experience as a quantitative analyst in an investment management/risk management/hedging/model vetting role
• Master’s degree in a quantitative field (Financial Engineering, Mathematical Finance), PhD a plus
• Strong analytical and problem solving skills
• Strong programming skills in Python, experience in implementing quantitative finance libraries in Python or C++
• Expert knowledge of financial assets including derivatives and their valuation models
• Expert knowledge of stochastic interest rate, equity and credit models
• Knowledge of statistics, mathmatical finance and economics
• Strong numerical technique skills in Monte-Carlo simulation, optimization, time series analysis and PDE
• Strong communication skills for heavy team and client interactions
• Ability to work well in a fast-paced environment with changing priorities
• Experience working with financial software packages such as Numerix, FinCAD a plus

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

#LI-HYBRID
#LI-NA1