Derivative Manager

CFA Institute; Greater London; Hybrid; GBP 85,000 - 110,000; Full time

Job summary

Resolution Life is seeking a qualified professional to join the Balance Sheet Solutions & Derivatives team, focusing on managing and executing derivative strategies across the Group's insurance balance sheets. You will collaborate with risk, investments, actuarial, finance, and operations to translate strategies into execution, handling trade execution, collateral, and reporting.

The role emphasises governance, controls, and process improvements across the derivatives lifecycle, offering growth

Qualifications

• Bachelor's degree in a quantitative or analytical discipline.
• 4–8 years of derivatives experience in financial services.
• Strong analytical and numerical skills with advanced Excel.
• Experience with market data platforms and Python/SQL/C# is beneficial.
• Understanding of insurance balance sheets and ALM is advantageous.

Responsibilities

• Support the management of the Group's derivative portfolio across cleared and uncleared instruments.
• Assist in the implementation and execution of derivative strategies aligned with balance sheet objectives.
• Support end-to-end trade lifecycle including pre-trade analysis, execution, confirmation, and monitoring.
• Assist in collateral and liquidity activities across CSAs including governance and process improvements.
• Prepare and maintain risk, liquidity, collateral, and performance reporting for decision-making.

Skills

Analytical skills

Advanced Excel

Python

SQL

C#

Education

Bachelor's degree in quantitative discipline

Tools

Bloomberg Terminal

Derivative management systems

Job description

ROLE OVERVIEW

Individual contributing to the management and execution of derivative strategies and solutions-driven investment portfolios across the Group's insurance balance sheets. Working within the Balance Sheet Solutions & Derivatives team, the role supports activities across risk management, regulatory compliance, and balance sheet optimisation, helping to deliver effective hedging and investment solutions.

Working closely with colleagues across risk, investments, actuarial, finance, and operations, the role assists in translating agreed strategies into execution. Responsibilities include supporting trade execution, monitoring derivative and collateral positions, coordinating with internal stakeholders and external counterparties, and contributing to reporting, governance, and operational processes. The role provides an opportunity to develop expertise across the full derivatives lifecycle while helping to maintain strong risk management, control standards, and operational efficiency.

KEY RESPONSIBILITIES

• Support the management of the Group's derivative portfolio across cleared and uncleared instruments, including hedging, repos, funding solutions, repacks, and structured transactions, ensuring adherence to relevant regulatory requirements.
• Assist in the implementation and execution of derivative strategies aligned with balance sheet objectives, risk appetite, and regulatory constraints, including solutions supporting M&A and reinsurance transactions.
• Support the end-to-end trade lifecycle, including pre-trade analysis, execution, confirmation, validation, and ongoing monitoring of derivative exposures, market developments, and hedge effectiveness.
• Assist in the management of collateral and liquidity activities across CSAs, including margining, reconciliation, eligibility monitoring, governance, and process improvements.
• Prepare and maintain risk, liquidity, collateral, and performance reporting, providing accurate and timely analysis to support decision-making and stakeholder requirements.
• Build effective relationships with internal stakeholders across risk, investments, actuarial, finance, legal, and operations, as well as external counterparties including banks, custodians, clearing houses, and execution providers.
• Contribute to the enhancement of execution processes, controls, operating models, systems, and provider oversight to improve efficiency, scalability, and governance.
• Work closely with the Derivative Oversight Manager and wider team to ensure accurate reporting, strong governance, and compliance with derivative and insurance regulatory frameworks.

EXPERIENCE & QUALIFICATIONS

• Relevant experience in derivatives within insurance, asset management, investment banking, or a related financial services environment, with exposure to the execution and management of derivative and structured strategies (typically 4-8 years).
• Good technical understanding of derivative instruments, collateral management, and associated market practices.
• Experience supporting derivative portfolios, including trade execution, lifecycle management, collateral processes, and related regulatory or reporting requirements.
• Bachelor's degree in a quantitative or analytical discipline (e.g., Mathematics, Physics, Engineering, Computer Science, or similar). Advanced degrees are advantageous.
• Strong analytical and numerical skills, including advanced Excel; experience with Python, SQL, C#, or similar tools is beneficial.
• Proficiency with market data platforms (e.g. Bloomberg) and ability to source, interpret, and validate market and security data
• Good understanding of insurance balance sheets and ALM considerations, with working knowledge of regulatory and accounting frameworks; multi-jurisdictional experience advantageous
• Strong problem-solving, organisational, and communication skills, with the ability to manage deliverables end-to-end and effectively engage and influence stakeholders
• Experience improving processes, controls, and analytics through automation and standardisation; familiarity with derivative management systems advantageous
• Professional qualifications (e.g. CFA, CQF, FRM, Actuarial) or progress toward them desirable

#Hybrid #London

Critical Skills

At Resolution Life, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.