Director, Sr. Derivatives Analyst & Trader - Hybrid
Posted Updated
Symetra has an exciting opportunity to join our team as a Director, Sr. Derivatives Analyst & Trader!
About the Role
The successful candidate will have detailed derivatives execution expertise with responsibilities across various trading, analytical, and quantitative analysis functions within the derivatives front office of the investment management department. This includes the identification, execution and daily management of derivative trades in accordance with approved programs, analytical work on the underlying portfolio of assets as well as liabilities, ad-hoc and daily risk and P/L attribution, and coding in support of trading/risk analysis, trading tools/utilities development, process automation and reporting. The role demands a pragmatic, hands-on contributor who is comfortable working through operational details while keeping broader objectives in mind.
This is a hybrid work role based in Farmington, Connecticut
Company Overview
Symetra Investment Management (“SIM”) is a SEC-registered investment advisory firm with approximately $78 billion in assets under management as of March 31, 2025. Symetra Financial Corporation (“SFC”), a diversified financial services company with $68.4 billion in assets as of December 31, 2024, headquartered in Bellevue, Washington is the sole shareholder of SIM. SFC is also the holding company of Symetra Life Insurance Company (“Symetra Life”), which was founded in 1957, and has insurer financial strength ratings of ‘A’ by A.M. Best and Standard & Poor’s and ‘A1’ by Moody’s. Symetra Life is among the top 40 largest life insurance companies in the United States (based on statutory admitted assets as of December 31, 2024) and has approximately 2.3 million customers and over 2,600 employees nationwide. SFC is a wholly owned subsidiary of Sumitomo Life Insurance Company, a mutual life insurance company with head offices in Osaka and Tokyo, Japan. Founded in 1907, Sumitomo is one of the largest life insurance companies in Japan with $327 billion of assets as of March 31, 2025. SIM currently has recently begun marketing its investment management services to third-party institutional investors.
What you will do
- Execution of derivative trades in accordance with the Company's approved derivatives programs. Execution in both cleared and bilateral derivatives markets using both exchange-listed and over-the-counter instruments with expert knowledge of the economics, risks, and market conventions of such derivatives. Positions will be taken in equity, rates, credit, commodity, and FX derivatives. Review and execution of trade confirmations and interfacing with the Operations team on all aspects of the trade lifecycle, including collateral management, trade booking, reconciliation, and settlements. Expertise on liability processes and coordination with insurance company stakeholders on resolving liability-related data issues and new product onboarding into trading and reporting systems.
- Analytical work on derivative assets and insurance liabilities in support of the management of the derivatives portfolio, including derivatives pricing, modeling prototypes, comprehensive analysis of Greeks/risk exposures, analysis of new insurance product features, coordination with insurance lines of business, and various investment sector desks by providing accurate and timely responses to their queries. Coding in Python, VBA Macros, SQL and financial and statistical software packages in support of trading/risk/P&L analysis, trading tool/utility development and process automation
- Reporting: Responsible for regular and on-demand reporting, including providing comprehensive and insightful commentary and actionable recommendations. Using reporting as a feedback tool to inform hedge execution. Hands-on experience with PowerBI to modernize reporting. Develop processes, systems and tools to support P/L reporting and attribution, risk reporting, scenario analysis, and transaction cost analysis. This work will include writing and maintaining SQL queries, building database and reporting functionality, market and trade data retrieval, and other elements common to the functionality and maintenance of derivatives analytic systems.
What we offer you
We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
- Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
- Self-Managed Time Away along with paid holidays
- Give back to your community and double your impact through our company matching
- Want more details? Check out Symetra Benefits Overview
Compensation
Salary Range: Min $194,000 – Max $262,000 plus eligibility for annual bonus program and long-term incentives.