Manager, Quantitative Researcher/Developer

Venerable Holdings, Inc.; Chester (Delaware County); On-site; USD 90,000 - 150,000; Full time

Job summary

An innovative firm seeks a Manager, Quantitative Researcher/Developer to lead the development of proprietary systems for hedging and risk management. This role involves analyzing derivative positions, supporting trading desks, and enhancing technology solutions. With a focus on collaboration and strategic thinking, you will bridge business needs with IT solutions, manage large data sets, and coach junior staff. Join a dynamic team that values courage, curiosity, and connection, and make a significant impact in the financial sector.

Qualifications

• 7+ years in a derivatives-related role with business accountability.
• Strong programming skills in Python, C#, C++, and SQL.

Responsibilities

• Lead development of systems for hedging and risk management.
• Manage data sets and optimize databases for trading strategies.

Skills

Python

C#

C++

VBA

SQL

Power BI

AWS

Data Analysis

Communication Skills

Leadership

Education

Bachelor's degree in Financial Mathematics

Advanced degree in related field

Tools

AWS (EC2, RDS, Lambda, S3)

Reporting Tools

Job description

Manager, Quantitative Researcher/Developer

Join to apply for the Manager, Quantitative Researcher/Developer role at Venerable.

This management role will contribute to the Quantitative Research and Development functions of our Hedging, Risk Management, and Investment teams. It leads the development of proprietary systems and tools to support our hedge program, investment portfolio, and overall business management. This includes trading systems, back-testing tools, valuation software, analytics, reporting, capital markets research, and various models.

Principle Responsibilities:

• Act as subject matter expert in the analysis, valuation, and use of derivative positions to hedge capital market risk exposures of variable annuity liabilities and/or other risk exposures.
• Support our trading desk and contribute to research efforts to solve market-related challenges, developing practical solutions and tools.
• Own bespoke business systems, data sets, & models for our derivatives trading desk, acting as the primary consultant for systems bridging business and technology, including our trading platform “Avatar”.
• Design or enhance code libraries and tools for strategic hedging, risk management, and business decisions.
• Demonstrate strong knowledge of market parameters and their impact on VA products and financial/derivative instruments.
• Perform ad-hoc analysis and reporting as needed.
• Apply scalable technology to support the trading desk and business, aiming to enhance efficiency.
• Act as a communication liaison between business and IT.
• Manage large data sets, consult on database structures, organize data, and optimize databases.
• May manage a team and/or coach and develop junior colleagues.

Key Qualifications:

• Bachelor’s degree in Financial Mathematics or related; advanced degree preferred.
• At least 7+ years of experience in a highly technical derivatives-related role with accountability for business results; insurance variable-annuity experience is a plus.
• Entrepreneurial spirit, proactive in seeking change, managing multiple priorities, and completing projects.
• Customer-centric mindset, understanding business drivers, and delivering value.
• Deep understanding of equity and rate derivatives pricing, markets, and flows, plus fixed income products; VA features and embedded options are a plus.
• Ability to conceptualize and implement novel ideas into business solutions.
• Strong communication skills to bridge business needs and IT solutions.
• Leadership and coaching abilities for junior staff.
• Programming experience in Python, C#, C++, VBA, etc.
• Knowledge of systems design, development, reporting tools, SQL, Power BI, AWS (EC2, RDS, Lambda, S3), and data analysis with Python or R.

Venerable Values:

Living out the company's values:

• We are Courageous: Think critically, ask "why?" and seek creative solutions.
• We are Curious: Take calculated risks, learn from failures, challenge norms.
• We are Connected: Build connections within our team, customers, and community.