Sr. Hedging Analyst

F G; United States; Hybrid; USD 120,000 - 190,000; Full time

Benefits offered by this job

Hybrid work model

Disability accommodations

Job summary

Fidelity & Guaranty Life Insurance Company (F&G) in the United States seeks a Sr. Hedging Analyst to execute, analyze, and manage derivative transactions within approved hedging strategies.

You will work with internal teams, counterparties, and service providers to drive accurate hedge reporting and risk controls. The role emphasizes automation, data quality, and reporting enhancements using Python, SQL, and Excel, with collaboration across risk, investment, and technology teams.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or related field; progression in hedging/derivatives is preferred.
• 3+ years of experience in hedging, derivatives, or capital markets.
• Experience executing or supporting derivative trade lifecycles is preferred.

Responsibilities

• Execute approved derivative hedging transactions and manage the trade lifecycle.
• Serve as primary contact for trade execution with internal teams and counterparties.
• Monitor derivative positions, market data, and deadlines to support hedge execution and controls.
• Prepare and distribute hedging, risk, and management reports; identify issues and improvements.
• Analyze portfolio exposures, market sensitivities, P&L, hedge performance, and valuation outputs.
• Support analysis of bespoke indices, payoff structures, and new products.

Skills

Python

SQL

Excel

Derivative pricing

Risk management

Trade execution

Education

Bachelor's Degree

Tools

SQL Server

Bloomberg

Job description

Job Summary

The Sr. Hedging Analyst supports the firm’s hedging program by executing, analyzing, and managing derivative transactions and related risk activities. The role oversees the derivative trade lifecycle and supports the controls, reporting, and processes used to manage market risk. All work is performed in accordance with approved hedging strategies, risk limits, policies, and procedures.

Job Summary

The Sr. Hedging Analyst supports the firm’s hedging program by executing, analyzing, and managing derivative transactions and related risk activities. The role oversees the derivative trade lifecycle and supports the controls, reporting, and processes used to manage market risk. All work is performed in accordance with approved hedging strategies, risk limits, policies, and procedures.

The successful candidate is highly detail-oriented, organized, and accurate in a time sensitive environment. The role partners closely with internal teams and external counterparties, brokers, and service providers.

The role improves hedging processes and reporting through automation and data quality enhancements. It also analyzes derivative valuations, market risk, sensitivities, profit and loss, hedge performance, and new product or bespoke-structure proposals.

Duties & Responsibilities

• Execute approved derivative hedging transactions within delegated authority and manage the trade lifecycle, including pre-trade checks, trade capture, confirmation, reconciliation, settlement coordination, and issue resolution.
• Serve as a primary contact for trade execution and support matters with internal teams, counterparties, brokers, and service providers.
• Monitor derivative positions, market data, and operational deadlines to support effective hedge execution, timely processing, and adherence to established controls.
• Prepare, validate, and distribute recurring hedging, risk, and management reports; identify issues, control gaps, and improvement opportunities.
• Analyze portfolio exposures, market sensitivities, profit and loss, hedge performance, broker quotes, trade economics, and valuation outputs to support execution, risk oversight, and reporting.
• Support analysis of bespoke indices, payoff structures, and new products, including derivative characteristics, hedging implications, operational readiness, and reporting needs.
• Use Python, SQL, Excel, and related tools to automate workflows, improve data quality, and enhance reporting and trade support.
• Lead or contribute to enhancements of hedging processes, trading and risk systems, and reporting, including requirements, testing, implementation, and procedure updates.
• Serve as a subject matter expert on hedging processes and trade workflows, maintain process documentation, and support ad hoc business, audit, regulatory, and risk management requests.

Supervisory Responsibilities

This role does not have formal people leadership responsibilities but may provide guidance, mentorship, or subject matter expertise to others.

Knowledge, Skills & Abilities

• Exceptional attention to detail and commitment to accuracy, particularly when managing trade details, reports, reconciliations, and time-sensitive deliverables.
• Ability to follow established processes and controls, recognize exceptions, and elevate issues promptly.
• Strong verbal and written communication skills, with the ability to communicate clearly and professionally with internal stakeholders, counterparties, and service providers.
• Ability to make sound, timely decisions within defined authority limits while managing recurring workflows, reporting, and controls in a fast paced, market sensitive, deadline driven environment.
• Self-motivated and organized, with the ability to prioritize competing requests, manage concurrent responsibilities, and follow through.
• Analytical and quantitative aptitude, including an understanding of derivative pricing, market risk, portfolio exposures, sensitivities, profit and loss, hedge performance, and valuation concepts.
• Strong problem-solving skills and a continuous improvement mindset, including the ability to identify opportunities for automation and reporting improvements.
• Ability to work independently within established procedures and collaborate effectively across business, investment, risk, technology, and operations teams.
• Strong interest in capital markets, derivatives, hedging, portfolio management, and ongoing professional development.
• Advanced proficiency in Microsoft Excel is required; working knowledge of SQL and relational databases, such as SQL Server, is preferred.
• Familiarity with using Bloomberg or comparable platforms for investment analysis, portfolio management, and reporting.
• High standards of professionalism, confidentiality, accountability, and ethical conduct.

Qualifications

Education Level

Bachelor's Degree

• Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, Business, or a related field; equivalent relevant experience may be considered.

Years Of Experience

3+ year of relevant experience

• 3+ years of progressive experience in hedging, derivatives, trading, capital markets, treasury, investment operations, or a related financial-services function. Experience in insurance, asset liability management, or life/annuity hedging is preferred, but not required.
• Experience executing, supporting, or managing derivative trade lifecycles, including options, swaps, and futures. Familiarity with derivative valuation, market risk, hedge performance, and profit and loss analysis is preferred.
• Experience using Python to automate business processes, analyze financial or operational data, develop repeatable reporting, or support trading and hedging workflows preferred

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact [e-mail].

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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