AVP, Investment Strategy and Derivatives

When you join the team at Unum, you become part of an organization committed to helping you thrive.

Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide: 

• Award-winning culture 

• Inclusion and diversity as a priority 

• Performance Based Incentive Plans

• Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability 

• Generous PTO (including paid time to volunteer!) 

• Up to 9.5% 401(k) employer contribution 

• Mental health support 

• Career advancement opportunities 

• Student loan repayment options 

• Tuition reimbursement

• Flexible work environments 

*All the benefits listed above are subject to the terms of their individual Plans.

And that’s just the beginning…  

With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today! 

General Summary:General Summary
The AVP, Investment Strategy & Derivatives is responsible for leading Unum’s derivatives strategy and trading program as well as supporting the Investment Strategy organization. Reporting to the VP, Sr. Managing Director, Investments & Strategy, the incumbent will have responsibility for designing effective hedging programs, trade execution, managing relationships with trading counterparties, and ensuring trading compliance. The individual is expected to work cross-functionally across the organization, working with Investments, Treasury, Accounting, Legal and Risk Management to design, implement and monitor Unum’s enterprise-wide hedging strategies. This role will have direct oversight of derivatives traders, responsible for training, developing and ensuring all trading compliance.
This senior level position is an integral part of the Investment Strategy group and is heavily involved in developing and making recommendations around investment strategies to the Head of Investment Strategy and CIO. These recommendations are utilized to properly evaluate risk and are the basis for asset allocation and investment strategy decisions. The individual will also be expected to generate ideas that create value for the firm and positively impact the company’s bottom line.

Principal Duties and Responsibilities

• Responsible for leading the strategic design and implementation of hedging solutions for the enterprise and investment portfolio.
• Responsible for leading and developing derivatives traders in the execution of all derivatives trades.
• Monitor market conditions and macroeconomic trends to adjust hedge positions and ensure responsiveness to volatility and liquidity shifts.
• Develop and enhance quantitative models and valuation systems to optimize hedge effectiveness and capital efficiency. 
• Build and maintain effective relationships with sell-side derivatives desks and trading partners. 
• Serve on or give regular reports to Unum's various committees as needed.
• Liaison with industry peers, trading counterparties and other partners to stay in front of industry and regulatory trends. Work with industry groups where appropriate to advocate for policies that may impact our business.
• Partner with Risk, Capital, ALM, Investment Accounting and other key partners on strategic asset allocation framework, new asset class evaluations, and derivatives strategy.
• Works under limited direction to develop and recommend strategies for achieving corporate and subsidiary goals.
• Other responsibilities as needed.

Job Specifications

• Bachelor degree in finance, accounting, economics or related field required, MBA strongly preferred. CFA preferred.
• 7+ years relevant work experience in derivatives and investments; strong knowledge of investments, economics, credit research, derivatives, and asset liability required.
• Excellent communication, collaboration, and negotiation skills (clear, concise oral and written communication).
• Strong technical skills to partner with ALM, Legal, Tax, Accounting, Capital, and other key business partners.
• Very strong work ethic, attention to detail, team orientation, and commitment to excellence.

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Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person's race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status.

The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.

$133,500.00-$274,100.00

Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not.  All benefits are subject to the terms and conditions of individual Plans.

Company:

Unum