Derivative Portfolio Associate

Venerable; Glenloch (PA); Hybrid; USD 80,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation

Generous PTO package

Job summary

Venerable is seeking a Derivative Portfolio Associate in Glenloch, Pennsylvania. In this hybrid role, you will support derivative portfolio managers in managing risk exposures and perform quantitative analysis on portfolio performance.

Candidates should have a Master’s degree in a related field and 1-3 years of experience in derivatives or risk management. The position offers competitive compensation and benefits, along with a hybrid work schedule.

Qualifications

• 1-3 years of experience in derivatives, hedging, or capital markets.
• Advanced knowledge of financial mathematics and derivative pricing theory.
• Experience developing trading strategies and risk reports.

Responsibilities

• Monitor derivative portfolios and hedging strategies.
• Research innovative trade ideas and risk reporting.
• Build analytical tools for portfolio management.

Skills

Derivatives knowledge

Risk management

SQL proficiency

Python programming

Analytical reasoning

Education

Master’s degree in Financial Mathematics or related field

Tools

Excel/VBA

Job description

As a Derivative Portfolio Associate, you will play a hands‑on role supporting derivative portfolio managers in hedging capital market risk exposures of Variable Annuity liabilities and other risk exposures.

Venerable is not eligible for visa sponsorship now or in the future.

Hybrid work model: three days in the office (West Chester, PA) and two days remote.

Principal Responsibilities

• Monitor derivative portfolios that include listed and OTC interest‑rate and equity derivatives (e.g., futures, total‑return swaps, interest‑rate swaps, options, swaptions, variance swaps).
• Research innovative trade ideas and hedging strategies, and explain portfolio P&L performance and insights through clear risk reporting.
• Build quantitative and analytical tools to support portfolio management and/or hedge strategy development and risk reporting by leveraging financial engineering, capital markets, and product knowledge.
• Participate in various quantitative projects to help support the overall Hedging/Risk teams goals and objectives.
• Constantly monitor market trends, news, and economic indicators impacting the portfolio.
• Conduct research and analysis on market trends, financial instruments, or new strategies evolving in the market.

Required Qualifications

• Master’s degree in Financial Mathematics, Quantitative Finance, Financial Engineering, or a related quantitative field.
• Minimum 1–3 years’ experience in derivatives, hedging, risk management, or capital markets roles within asset management, insurance, or trading environments.
• Advanced knowledge of financial mathematics with solid understanding of derivative pricing theory and applications.
• Strong understanding of interest‑rate and/or equity derivative Greeks (Delta, Gamma, Vega, Theta, Rho) and their impact on portfolio risk, hedging, and P&L.
• Experience developing derivative trading strategies and risk reports that explain key drivers of P&L.
• Experience using SQL for reporting or trading support.
• Strong computer programming skills in a Python‑based environment linked to Excel/VBA models.
• Superior quantitative and analytical reasoning and problem‑solving abilities.
• Ability to analyze risk and make informed decisions under pressure.
• Adaptability to market changes and evolving trading strategies.
• Comfortable with ambiguity and managing shifting priorities.

Benefits

Competitive compensation and benefits, hybrid work schedule and generous PTO package.