Derivatives DevOps Engineer

MassMutual   •  

Springfield, MA

Industry: Accounting, Finance & Insurance

  •  

Less than 5 years

Posted 57 days ago

This job is no longer available.

Description

SUMMARY

As a member of the Research and Development (R&D) team within Investment Management’s Portfolio Management group, this position will require an understanding of annuity products, equity indices, rates, and derivatives (options, futures, swaps, swaptions) as well as a moderate understanding of fixed income assets and Python programming. The candidate will work with existing R&D team members to migrate the existing production process onto a new quantitative development platform.

We are seeking a strong quantitative analyst and developer with trading operations experience to join Investment Management’s Research and Development team. In this role, the candidate will perform the following functions:

RESPONSIBILITIES

Perform and provide operational support for the Annuity Hedging Programs (Variable and Fixed Income)

  • Engage and foster relationships with counterparts and associated personnel across Barings, Enterprise Risk Management, Finance and Accounting, Actuarial, and related life insurance business lines
  • Execute and conduct regular reporting for various stakeholders
  • Debug and troubleshoot programming exceptions and errors
  • Modify and develop additional functionality as needed
  • Collaborate with other R&D team members for special projects
  • Additional responsibilities may include support for other programs (e.g. Foreign Exchange, Macro Equity/Tail Risk, and General Investment Account Asset Liability Management).

QUALIFICATIONS

  • Degree in math, statistics, quantitative finance, or engineering
  • 3+ years of relevant work experience including model development
  • Experience in a market risk setting within a financial entity or group
  • Demonstrated ability to deliver working systems as part of a small group
  • Understanding of derivative hedging instruments
  • Ability to modify, develop, and update trading technologies and platform
  • Self-starter and team player with strong written and verbal communication skills
  • Programming proficiency in Python, SQL, NoSQL
  • Compliance with all industry rules, regulations, and firm policies and practices
  • Must be eligible to work in the United State without sponsorship now or in the future

PREFERRED QUALIFICATIONS

  • CFA or equivalent
  • Logically evaluates the costs, risks, and benefits of alternatives before coming to a solution.
  • Probes and looks past symptoms to determine the underlying causes of problems and issues.
  • Approaches problems holistically, defines connections, linkages, interdependencies and develops solutions.
  • Takes ownership of problems and stays on top of them until resolved
  • Critically evaluates the consequences and implications of alternatives, actions, or decisions.
  • Drives the organization to leverage fresh perspectives, breakthrough ideas, and new paradigms to create value

  • Creates an environment that encourages innovation and risk taking.

  • Advocates for needed change across the organization that add to our success.

  • Ensures the implementation of change with appropriate communications, goals, resources, metrics and reviews.

  • Takes ownership and personal responsibility for implementing change despite opposition or barriers.

  • Ability to successfully deliver difficult and/or complex messages and help others understand multiple points of views.

    R3843