Derivative Manager

Resolution Life; Greater London; Hybrid; GBP 85,000 - 120,000; Full time

Job summary

Resolution Life in London is seeking a hands-on professional to support the management and execution of derivative strategies and balance sheet hedging across the Group's insurance portfolios.

You will collaborate with risk, investments, actuarial, finance and operations to translate strategy into execution, cover trade lifecycle, collateral, governance, and reporting while developing expertise across derivatives lifecycle.

Qualifications

• Bachelor’s degree in a quantitative or analytical discipline; advanced degrees advantageous.
• Strong analytical and numerical skills with advanced Excel.
• Experience with derivative instruments, collateral management, and market practices.
• Experience supporting derivative portfolios and lifecycle management.

Responsibilities

• Support the management of the Group's derivative portfolio across cleared and uncleared instruments, including hedging and structured transactions.
• Assist in implementing derivative strategies aligned with balance sheet objectives and regulatory constraints.
• Support end-to-end trade lifecycle: pre-trade analysis, execution, confirmation, validation and monitoring.
• Assist in collateral and liquidity activities across CSAs including margining and governance.
• Prepare risk, liquidity, collateral, and performance reporting to support decision-making.

Skills

Derivatives

Risk management

Financial modelling

Stakeholder engagement

Education

Bachelor's degree in quantitative field

Tools

Bloomberg

Excel

Python

Job description

Location: London – Hybrid

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.

Critical Skills

• 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 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.