Derivatives Trader

Milliman Ireland; Chicago (IL); On-site; USD 80,000 - 140,000; Full time

Job summary

An established industry player is looking for a Derivatives Trader to enhance its Capital Markets Group. This exciting role involves executing trades across various derivatives, including equities, FX, and rates, while contributing to sophisticated hedging strategies and risk management. The ideal candidate will possess strong quantitative skills and a background in financial services, ready to engage with clients and collaborate with global trading teams. Join a dynamic environment where your analytical prowess and strategic thinking will directly impact client outcomes and drive the growth of an innovative practice.

Qualifications

• 2-5 years in financial services with focus on market risk or asset management.
• Strong knowledge of derivative products and financial markets.

Responsibilities

• Execute derivative trades and monitor risk exposures across various assets.
• Develop hedging strategies and maintain valuation models for derivatives.

Skills

Quantitative Analysis

Problem Solving

Communication Skills

Risk Management

Analytical Skills

Education

Bachelor's in Finance

Bachelor's in Actuarial Sciences

Bachelor's in Mathematics

Bachelor's in Economics

Bachelor's in Computer Science

Bachelor's in Engineering

Tools

Excel VBA

Python

SQL

Bloomberg

Microsoft Office

Job description

Milliman is seeking a Derivatives Trader to join its global Capital Markets Group as a key member of the trading team in Sydney. The candidate will be versatile, entrepreneurial in their approach and ready to take on a pivotal role in the continued growth of Milliman’s Australian practice.

As a Derivatives Trader, you’ll be involved in the trade execution and analytical work on a wide range of derivatives across equities, rates, inflation and FX to service our client base both in Australia and abroad. Mandates we execute on include complex asset liability matching duration hedge programs and dynamic hedging strategies on insurer company’s balance sheets, as well as executing derivative overlays for funds.

Typical roles and responsibilities:

• Monitor risk exposures (Greeks) and execute derivative trades across equities, rates, inflation and FX on our client’s portfolios.
• Instruments traded will include a full gamut of futures, forwards, swaps, total return swaps, vanilla and exotic options.
• Identify, analyse, recommend, and implement changes to the investment process, hedge strategy and trade execution strategy to improve outcomes for our clients.
• Analyse and design sophisticated hedging strategies for investment guaranteed products, derivative overlay strategies for funds.
• Develop and maintain models for the valuation and risk management of derivatives.
• Research and contribute to market insights and commentary to our existing and prospective client base.
• Analyse daily risk reports and performance attributions for hedge programs and overlays.
• Communicate risk exposures, performance, trading activity and strategy to clients, fellow traders, and Actuaries.
• Collaborate to or lead consulting and research projects in the broader Milliman practice.
• Develop and manage relationships with banks, clients and prospective clients.
• Work closely with the global trading team in London and Chicago.

Requirements for Ideal Candidates:

• 2-5 years of experience in financial services with a preferred background in market risk, quant, actuarial and/or asset management.
• Experience with financial markets and strong knowledge of derivative products.
• Strong quantitative and analytical capabilities.
• Ability to multi-task with strong problem solving and decision-making skills.
• Capable of managing, prioritizing, and executing multiple competing priorities in dynamic situations.
• Excellent verbal and written communication skills.
• Relevant coursework: finance, actuarial sciences, mathematics, economics, computer science, or engineering.
• Excel VBA and Python programming skills are highly regarded, and other desired computer skills include Microsoft Office, Python, SQL.
• Bloomberg and other trading software experience would be advantageous.