* Please note that this position is not eligible for visa sponsorship now or in the future.
Venerable is currently working in a Hybrid Work Model, in the office 3 days/week and remote 2 days/week. This role is based in our West Chester, PA office.
Principle Responsibilities:
Monitor derivative portfolios which include listed and OTC interest-rate and equity derivatives (e.g., futures, total-return swaps, interest-rate swaps, options and swaptions, and variance swaps)
Research innovative trade ideas/hedging strategies and/or explain portfolio P&L performance and insights through clear risk reporting
Build quantitative/analytical tools to support portfolio management and/or hedge strategy development and/or risk reporting by leveraging financial engineering, capital markets, and product knowledge
Participate in various quantitative projects as needed to help support overall Hedging/Risk teams goals & objectives
Constant monitoring of market trends, news and economic indicators impacting the portfolio
Conduct research/analysis on market trends, financial instruments or new strategies evolving in the market
Master’s degree required in Financial Mathematics, Quantitative Finance, Financial Engineering, or related quantitative field
Minimum 1 – 3 years’ experience in derivatives, hedging, risk management, or capital markets roles within asset management, insurance, or trading environments
Advanced knowledge of Financial Mathematics with solid understanding of Derivative Pricing Theory, and their applications
Strong understanding of interest rate and/or equity derivative Greeks (Delta, Gamma, Vega, Theta, Rho) and how they impact portfolio risk, hedging, and P&L
Experience in developing derivative trading strategies and/or developing risk reports which explain key drivers of P&L
Experience using SQL for reporting, or trading support
Strong computer programming skills in Python based environment linked to excel/VBA models
Superior quantitative/analytic reasoning and problem-solving abilities
Ability to analyze risk and make informed decisions under pressure
Adaptability to market changes and evolving trading strategies
Comfortable with ambiguity and manage shifting priorities
Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.
Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.
If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.
Skills Required
- Master's degree in Financial Mathematics, Quantitative Finance, Financial Engineering, or related quantitative field
- 1-3 years' experience in derivatives, hedging, risk management, or capital markets roles within asset management, insurance, or trading
- Advanced knowledge of Financial Mathematics and Derivative Pricing Theory
- Strong understanding of interest rate and/or equity derivative Greeks (Delta, Gamma, Vega, Theta, Rho)
- Experience developing derivative trading strategies and/or developing risk reports explaining P&L drivers
- Experience using SQL for reporting or trading support
- Strong computer programming skills in Python linked to Excel/VBA models
- Superior quantitative/analytic reasoning and problem-solving abilities
- Ability to analyze risk and make informed decisions under pressure
- Adaptability to market changes and evolving trading strategies; comfortable with ambiguity
What We Do
Venerable is a privately held company with business operations based in West Chester, Pennsylvania and Des Moines, Iowa. Venerable owns and manages legacy variable annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. Growth through acquisition is long storied at Venerable. While we have the nimbleness and flexibility of a start-up, our beginnings are a result of a series of small business ventures by ING Group, who later evolved to Voya Financial, and which began nearly five decades ago. We are led by a highly trusted and experienced team, a significant portion of whom transitioned from Voya at the time of the transaction. With unparalleled knowledge and expertise, the organization remains primed to carry on the tradition of growth. From day one, leaders at Venerable have prioritized the employee experience by focusing on a strong culture. One where employees feel highly engaged, are encouraged to offer feedback often, are supported by a strong management structure, and can collaborate with colleagues without roadblocks. Opportunity awaits for individuals who think critically, ask why, and seek out creative solutions.
