Executive Director, Derivatives & Hedging

National Life Group; Montpelier (VT); On-site; USD 185,625 - 272,250; Full time

Benefits offered by this job

Flexible and customizable benefits

401(k) eligibility

Paid time off benefits

Job summary

A leading financial services provider in Montpelier, Vermont, is seeking a Senior Hedging Trader. This role involves the execution and implementation of hedging strategies for insurance and reinsurance operations. Candidates should possess a strong background in hedging and risk management, with the ability to communicate complex strategies effectively. The compensation range for this position is between $185,625 and $272,250 USD, along with flexible benefits from day one.

Qualifications

• Proven track record of designing and implementing hedging programs in insurance.
• Experience communicating complex strategies simply to diverse stakeholders.
• Self-motivated with excellent collaboration and communication skills.

Responsibilities

• Facilitate hedging transaction management within risk limitations.
• Monitor and report on hedge effectiveness metrics.
• Design and execute hedging strategies for new products.

Skills

Hedging program design

Risk management

Communication skills

Technical proficiency

Leadership

Education

Actuarial or quantitative finance background

Tools

Microsoft Excel

Quantitative tools

Job description

Role Summary

The Senior Hedging Trader at NLG Capital is responsible for execution and implementation of the hedging program for the company’s insurance and reinsurance operations. This is a critical role that sits at the intersection of investments, risk management, and actuarial strategy. The position requires deep expertise in hedging and derivative strategies, combined with the ability to play a senior role within the hedging team working with the Head of Hedging and the broader NLG Capital investment team to ensure effective risk management, capital efficiency, and alignment with the firm’s long‑term objectives. Please note that we do not offer visa sponsorship for this position.

Essential Duties & Responsibilities

• Facilitate day‑to‑day hedging transaction management within the stated goals of the organization, within risk limitations and in conjunction with the broader resources of the organization.
• Monitor and report on hedge effectiveness, including metrics such as value‑at‑risk, hedge P&L attribution, and capital impacts.
• Partner with investment, actuarial, and finance teams to design and execute hedging strategies for new products, M&A, and reinsurance deals—including FX hedging and in‑force risk management.
• Optimize collateral and capital efficiency associated with hedging activities.
• Collaborate with actuaries, distribution partners, and banking counterparties on the development and launch of new FIA and RILA products, including custom and indexed‑linked strategies.
• Work with corporate finance and actuarial valuation teams to support projections, capital planning, and stress testing.

Minimum Qualifications

• Proven track record of successfully designing and implementing hedging programs in insurance or reinsurance contexts.
• Broad understanding of life and annuity products, including FIA and RILA.
• Strong ability to communicate complex hedging strategies simply and effectively to diverse stakeholders.
• Experience balancing risk management and capital efficiency objectives.
• Strong technical proficiency, including Microsoft Office (Excel, Word, PowerPoint); experience with quantitative tools preferred.
• Self‑motivated with excellent leadership, collaboration, and communication skills.
• Actuarial, quantitative finance, or CFA background preferred but not required.

Preferred Qualifications

• Familiarity with U.S. statutory accounting, GAAP, and actuarial guidelines.
• Experience managing collateral and counterparty relationships.
• Prior leadership of derivatives or hedging teams in an insurance or asset management setting.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs.

Base Pay Range

The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position, taking into account the wide variety of factors.

Additional Compensation and Benefits

The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an at‑will position and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time.

Salary Pay Range

$185,625 - $272,250 USD

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.