Associate Director, Products and Hedging Solutions

Aon Hewitt; Toronto; Hybrid; CAD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking an Associate Director for Products and Hedging Solutions. This pivotal role involves developing innovative strategies and models within the PathWise platform, enhancing financial asset and liability management. The position offers a hybrid work arrangement, promoting work-life balance while empowering you to thrive in a dynamic environment. If you have a strong quantitative background and a passion for financial analysis, this opportunity is perfect for you to make a significant impact in the financial sector.

Benefits

Comprehensive benefits

Flexible working solutions

Continuous learning opportunities

Qualifications

• 8+ years in quantitative analysis for investment management or risk management.
• Master’s degree required; PhD preferred for advanced roles.

Responsibilities

• Develop and analyze hedging and asset allocation strategies.
• Build Economic Scenario Generators for financial asset valuation.

Skills

Python

Quantitative Analysis

Financial Engineering

Risk Management

Monte Carlo Simulation

Optimization

Time Series Analysis

Communication Skills

Education

Master’s degree in a quantitative field

PhD in a quantitative field

Tools

PathWise

Numerix

FinCAD

Job description

Associate Director, Products and Hedging Solutions

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

This role offers a hybrid work arrangement, allowing flexibility to work both remotely and from our Toronto office.

Applicants must be legally authorized to work in Canada. Please note, this position does not qualify for sponsorship, and we cannot sponsor or transfer employment visas or work permits.

About Aon

At Aon, we are committed to making better decisions that protect and enrich lives worldwide. We foster an inclusive, trustworthy environment where our colleagues and clients can succeed.

Key Responsibilities

1. Build and maintain Economic Scenario Generators for valuing financial assets and insurance liabilities.
2. Lead Daily Hedge Reporting and P&L Analysis services for clients.
3. Develop and implement innovative hedging and asset management strategies in PathWise to manage complex risks involving actuarial, financial, and capital markets.
4. Create, maintain, and document sophisticated financial asset and liability models in PathWise to support investment and risk management projects.
5. Participate in quantitative research, applying skills such as time series regressions, optimization, Monte Carlo simulation, and data visualization.
6. Enhance processes for hedging, strategic asset allocation, scenario generator calibration, and financial reporting for insurance companies.
7. Support portfolio managers, traders, and risk managers with analysis of risk, return, transaction costs, and market impact.

What Makes This Opportunity Unique

This position supports the Products and Hedging Solutions services by developing and analyzing hedging and asset allocation strategies within the PathWise platform, including designing new financial models and processes.

Qualifications and Skills

1. 8+ years of experience as a quantitative analyst in investment management, risk management, hedging, or model vetting roles.
2. Master’s degree in a quantitative field (e.g., Financial Engineering, Mathematical Finance); PhD preferred.
3. Strong analytical, problem-solving, and programming skills in Python; experience with quantitative finance libraries in Python or C++.
4. Expertise in financial assets, derivatives valuation models, stochastic interest rate, equity, and credit models.
5. Knowledge of statistics, mathematical finance, and economics.
6. Proficiency in Monte Carlo simulation, optimization, time series analysis, and PDE techniques.
7. Excellent communication skills for team and client interactions.
8. Ability to thrive in a fast-paced, changing environment.
9. Experience with financial software such as Numerix or FinCAD is a plus.

Our Support for Colleagues

We offer comprehensive benefits, promote inclusivity, and support work/life balance through flexible working solutions. Our culture encourages continuous learning and growth, empowering you to reach your potential.

We are committed to an inclusive workplace where everyone feels valued and authentic. Aon is an equal opportunity employer, providing reasonable accommodations for individuals with disabilities. For accommodations, contact [e-mail].

Aon does not accept unsolicited resumes from search firms for this role.