Bright House Financial, LLC

Leader of Hedging Solutions (Charlotte, NC (Hybrid) or Remote)

Bright House Financial, LLC • $270K — $350K *
Charlotte, NC 28269Hybrid
Finance & Insurance
8 - 10 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • Advanced degree in a relevant discipline, preferably a PhD.
  • 10+ years of experience in a quantitative strategy role with increasing responsibilities.
  • In-depth knowledge of valuation techniques and capital markets.
  • Experience in managing complex models across various disciplines.
  • Strong partnership skills, including persuasion and negotiation abilities.
  • Effective communication skills for conveying complex information clearly.
  • Proven leadership experience with a history of developing talent and teams.

Responsibilities

  • Lead the design and implementation of a next-gen P/L attribution system as a firm authority on product performance.
  • Oversee new trading strategies to optimize risk and cost trade-offs.
  • Manage development of innovative approaches for basis risk related to fund NAVs and hedging instruments.
  • Work with the Pricing team on new product development and advise on hedging strategies and cost representation.
  • Contribute to financial planning with insights on the long-term effects of hedging strategies.
  • Collaborate with quants and programmers on new valuation and trading model implementations.
  • Coordinate with the trading desk for timely execution of strategic decisions.
  • Engage with senior management on strategic positioning and trading tactics through market insights.
  • Rapidly assimilate knowledge of the product line to connect old and new models with their hedging impacts.
  • Mentor and cultivate a diverse team of professionals.

Benefits

  • Flexible work environment with options for remote or office work.
  • Minimum of 20 days paid time off and 16 paid holidays per year, plus volunteer and study time.
  • 401(k) plan with a company match and annual contributions.
  • Comprehensive medical, vision, and dental plans, including health savings accounts.
  • Paid leave up to 16 weeks for new parents and support for adoption and surrogacy.
  • Company-paid basic life and short-term disability insurance.
Full Job Description
Where you'll work:
Our flexible, hybrid work model offers the option to work remotely or in the office.

How you'll contribute:

As the Head of Hedging Solutions reporting to the Head of Variable Annuity Strategy, this position is primarily responsible for the management of the firm's hedging strategy, with an emphasis on creating and implementing hedging strategies that optimize both economic and statutory outcomes. You will be a thought leader for the firm on the practical utilization of derivatives and will deepen the firm's understanding of how hedging affects financial performance and capital efficiency. You will consult on model design and collaborate with senior management on hedge trading strategy and tactics.

In this role, you'll get to:
  • Collaborate on design and implementation of the next generation of our P/L attribution system and become the go-to authority for the firm in understanding product performance and hedging efficacy.
  • Supervise the implementation of processes and new trading strategies that further optimize risk & cost trade-offs.
  • Supervise the development of new approaches to managing basis risk between fund NAVs and hedge instruments.
  • Collaborate with our Pricing team on new product development initiatives, advising them on hedging strategies we will use for the products and helping them represent benefits and costs of hedging in the product prices.
  • Collaborate on financial planning for the firm, contributing expertise on the long-term financial effects of hedging strategies.
  • Collaborate on work done by quants in design and prototyping of new valuation and trading models, and with programmers on implementation.
  • Work with the trading desk on timely and efficient trading to implement strategic decisions.
  • Participate with senior management in the process of proposing, discussing, and choosing strategic positioning and trading tactics for the firm, contributing your unique perspective on markets.
  • Quickly learn our product line to triangulate between existing models and newly created models and understand the effects on hedging strategy.
  • Coach and develop a team of professionals, at all levels.


We're looking for people who have:

  • Advanced degree and/or qualifications in a relevant discipline, PhD preferred.
  • 10+ years of experience with increasing responsibilities in a quantitative strategy role.
  • Deep knowledge of a broad range of valuation techniques, expertise in capital markets, and familiarity with GAAP/Stat/Offshore accounting regimes.
  • Experience managing the implementation of complex models across multiple disciplines.
  • Excellent partnership skills with the ability to persuade, negotiate, and arbitrate to effect change and achieve desired results.
  • Ability to clearly communicate complex information to management.
  • Seasoned leader with track record of growing talent and developing strong teams.


Key Relationships:
  • Direct Reports/Team: Individual contributor with high level project oversight/ownership and wide scope of collaboration
  • Other Key Stakeholders: Variable Annuity ALM Team, Treasurer, Product and Underwriting


Research shows some people may not apply for a role if they don't check all the boxes of a job description. If you don't check every box listed, that's okay. We would love to hear from you.

What you'll receive:
  • Compensation - Base salary ranging from $270,000 to $350,000 plus competitive performance-based incentives determined by company and individual results.
  • Flexible Work Environment - Work remotely or in the office to better thrive in all areas of life.
  • Paid Time Off - Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
  • Financial Health - Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%).
  • Health and Wellness - Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
  • Family Support - Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
  • Life and Disability Support - Gain access to company-paid basic life insurance and short-term disability insurance.


The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We'd love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

About Bright House Financial, LLC

Brighthouse Financial offers annuities and life insurance that help protect what people have earned and ensure it lasts. The company is built on a foundation of experience and knowledge, which enables it to provide the value the customers deserve. The company has over $200 billion in total assets, more than 2 million customers, and approximately 2.5 million annuity contracts and insurance policies in force. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Brighthouse Financial was founded in 2017 and is headquartered in Charlotte, North Carolina.

Bright House Financial, LLC Careers

Join the dynamic team at Bright House Financial, LLC, a premier financial services provider where innovation meets expert financial guidance. We are currently expanding our talented team, offering a range of job opportunities that promise not only professional growth but also a chance to be part of a culture that values leadership and diversity.

Why Bright House Financial, LLC?

At Bright House Financial, LLC, we believe in empowering our employees to excel through comprehensive training and development programs. As a company, we are committed to fostering an inclusive environment where diverse ideas and perspectives lead to innovative financial solutions for our clients.

Explore Career Opportunities

Whether you're a seasoned professional looking for your next career challenge or a recent graduate eager to start your internship, Bright House Financial, LLC offers a variety of positions across multiple disciplines. Our team is hiring individuals who are passionate about financial services and dedicated to client success.

What We Offer

- **Professional Growth**: Advance your career with our leadership programs, diversity training, and opportunities for promotion. - **Innovative Culture**: Be part of a culture that thrives on innovation and continuous improvement. - **Competitive Benefits**: Enjoy a comprehensive benefits package that supports the health and well-being of you and your family. - **Networking and Mentorship**: Engage with industry leaders and gain valuable insights through structured networking events and mentorship.

Join Our Team

Bright House Financial, LLC is looking for curious, creative, and solution-driven team players. Explore job opportunities that match your skills and interests. We value the unique contributions of each employee and are excited to see how your skills and ideas can help shape the future of our company.

Prepare for Your Interview

Ready to join our team? Prepare your resume to highlight your relevant experience and skills. Our interview process is designed to understand your capabilities and how they align with the goals of Bright House Financial, LLC. We look forward to learning about your professional journey and discussing how you can contribute to our team.

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Discover Bright House Financial, LLC

Explore the exciting and rewarding career opportunities at Bright House Financial, LLC. See what positions are available and how you can contribute to our mission of delivering exceptional financial services.

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Join us at Bright House Financial, LLC, where your career is just as important to us as it is to you. Let’s build a brighter future together.
Learn more about Bright House Financial, LLC
Size
1,500 employees
Market Cap
$3.5 billion
Industry
Finance & Insurance
Net Income
-$1 billion
5 Year Trend
-7.1%
Revenue
$8.5 billion
NASDAQ
BHF
* Ladders Estimates
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