Portfolio Manager, Derivatives (AIA Investment Management)

AIA INVESTMENT MANAGEMENT PRIVATE LIMITED; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

A leading company in Singapore is seeking a Portfolio Manager, Derivatives, to oversee and manage derivatives portfolios with a strong focus on analytics. This role involves collaborating with senior portfolio managers to innovate and streamline index-linked and protected investment products, ensuring compliance and risk management in a dynamic financial environment. Candidates should have substantial experience in derivatives management, excellent analytical skills, and a proactive approach in delivering results.

Qualifications

• Minimum 5 years of experience in derivatives portfolio management.
• Excellent technical expertise in derivatives markets and models.
• Experience in collateral management and optimization preferred.

Responsibilities

• Support Senior Portfolio Managers in managing derivatives portfolios.
• Develop and manage analytics and quantitative tools for derivatives.
• Provide expert advice on derivatives strategies to stakeholders.

Skills

Derivatives expertise

Collateral management

Analytical thinking

Interpersonal skills

Education

Financial Engineering background

Tools

Blackrock Aladdin

Numerix

Python

Job description

Join us as Portfolio Manager, Derivatives at AIA Investment Management!

In a complex environment of regulatory evolutions, changing markets regimes and regular innovation in insurance products, the usage of Derivatives has grown significantly across AIA Group over the past 5 years and is expected to continue to increase in size and sophistication in the coming years.

The Derivatives Centre of Excellence's mission is to enhance the risk and capital adjusted returns for AIA’s shareholders and policyholders through an efficient and risk-managed usage of Derivatives, under set constraints. This mission is fulfilled through the modelling and the structuring of derivatives-based solutions, and the dynamic management of Derivatives portfolios.

We are looking for a Portfolio Manager, Derivatives to be responsible for:

• Supporting Senior Portfolio Managers in:

• Designing and managing new generations of index-linked and protected investment products, contributing significantly to idea generation and a reduction of the time-to-market of these products.
• Managing cross-asset derivatives portfolios outsourced by AIA Insurance Business Units to AIA IM, blending a proper perspective on financial and derivatives markets and an effective and disciplined risk management approach,
• Managing proactively collateral requirements (anticipating the needs, managing collateral pools, executing collateral transformation trades),
• Designing, modelling, structuring and advising on derivatives-based strategies and solutions for Group functions and AIA BUs.

• Developing front-office derivatives analytics and quantitative tools.

Responsibilities

Derivatives & Collateral Portfolio Management:

• Manage directly or assist the lead portfolio manager on linear and non-linear derivatives portfolios, across asset classes, in line with portfolio mandates benchmarks and key risk metrics, following a rigorous investment process based on a deep understanding of macro and markets environments, and a disciplined risk management approach.
• In particular, the incumbent will manage efficiently cash and collateral resources ancillary to derivatives portfolios: assess adequacy of collateral pools with internal and external requirements, optimize collateral portfolios and perform collateral transformation to ensure compliance and economic efficiency of the activity.

Derivatives Analytics Infrastructure:

• Support the development of the Derivatives and collateral infrastructure, in particular derivatives analytics, portfolio management tools and systematic investment strategies analytics,
• Support the rollout and setup of new Enterprise-wide Investment and Derivatives Management systems.

Derivatives Solutions:

• Provide expert advice to AIA BUs and Group functions to design and optimize their derivatives strategies, leveraging on a deep understanding of relative economic value, liquidity, and geographical nuances between different derivatives instruments.
• Help stakeholders to define, model and quantify the objectives of such derivative strategies and suggest and similarly quantify alternatives for decision makers on such trades.

Requirements

• Minimum of 5 years’ experience of structuring and managing linear and non-linear Derivatives portfolios (cross-asset preferred).
• Excellent technical expertise in all aspects of derivatives (eg. markets and models), ideally combined with an experience in developing Derivatives analytics with Blackrock Aladdin, Numerix and Python.
• Experience in collateral management and optimization, funding markets (repo, securities lending) and Fixed Income portfolio management would be considered favorably.
• Knowledge in investment-linked insurance products, ALM and LDI strategies, and actuarial sciences knowledge a plus but non-essential.
• Good interpersonal skills, good team player ; intellectually curious, details oriented, analytical thinker, proactive and delivery focused.
• Financial Engineering background preferred. CFMAS module 3 preferred but nonessential.

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way!

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