Senior Director, Derivatives Trading

Solomon Page; New York (NY); Hybrid; USD 250,000 - 600,000; Full time

Job summary

Solomon Page client, a major asset management firm in New York, seeks a Senior Director of Derivatives Trading for a hybrid role. You will lead complex derivatives strategies, manage real-time risk, and drive profitability within risk limits.

You'll collaborate with technology, accounting, and product teams to advance reporting, models, and automation, while communicating findings to senior leadership. A strong quantitative background and 8+ years of derivatives experience are required.

Qualifications

• Extensive experience in derivatives trading and risk management.
• Proven ability to develop hedging and pricing strategies.
• Strong programming skills in Python and MATLAB for modeling.

Responsibilities

• Execute derivatives trades in accordance with hedging strategy and risk limits.
• Manage portfolio risk in real time and develop hedging strategies.
• Design and implement tail hedging strategies to protect the portfolio.
• Evaluate risk and profitability of trading strategies for senior leadership.
• Collaborate with technology teams to enhance trading and risk systems.

Skills

Derivatives trading

Risk management

Quantitative analysis

Communication to leadership

Education

Bachelor's degree in Finance, Economics, Statistics, Mathematics, Engineering, or related field

Tools

Python

MATLAB

Job description

Our client, major asset management firm, is looking for a Senior Director, Derivatives Trading. This position is hybrid and located in New York, NY.

• Salary: $250k base + bonus (total compensation to $600K)

Responsibilities

• Execute derivatives trades in accordance with the desk’s overall hedging strategy while maintaining compliance with established policies, procedures, and risk limits.
• Manage portfolio risk in real time and develop effective hedging strategies for a multi-billion-dollar book of options linked to equity and multi-asset indices.
• Develop innovative trading strategies and actively manage volatility and directional exposures to enhance portfolio profitability within established risk parameters.
• Design and implement tail hedging strategies to protect the portfolio during adverse market conditions and periods of market stress.
• Evaluate the risk and profitability of trading strategies and present recommendations and analysis to senior leadership.
• Review new index proposals and dealer hedging agreements, providing input on index construction, pricing, and key terms.
• Continuously improve risk measures, risk limits, P&L measurement, and P&L attribution processes.
• Assist with quantitative analysis, pricing models, valuation models, and other derivative-related modeling initiatives.
• Partner with technology teams to enhance and expand the firm’s proprietary trading and risk management systems.
• Collaborate with accounting, actuarial, and product development teams to improve derivative-related reporting and processes.
• Identify opportunities to use AI and automation to improve the efficiency, accuracy, and scalability of derivatives risk management.

Required Qualifications

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, Engineering, or a related quantitative field.
• Minimum of 8 years of derivatives experience, with experience managing a Fixed Indexed Annuity and RILA derivatives book strongly preferred.
• Sell-side derivatives experience is a plus.
• Experience trading vanilla and exotic options, volatility instruments, and developing volatility-focused trading strategies.
• Strong understanding of derivatives risk management, including Greeks, risk limits, P&L measurement, and P&L attribution.
• Thorough knowledge of option pricing, VaR, scenario analysis, and risk management for both vanilla and exotic products.
• Programming experience in MATLAB and/or Python is required.
• Strong quantitative and analytical abilities with the ability to evaluate complex trading strategies and communicate findings effectively.
• Excellent written and verbal communication skills with the ability to work closely with senior leadership and cross-functional teams.
• Strong understanding of index hedging and structuring, with the ability to evaluate complex derivative and hedging proposals.