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Associate Director - Manager - Derivatives/Global Rates

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Date Posted: Aug 13, 2022

Location(s): Whippany, NJ, US, 7981

Company: MetLife

Role Value Proposition: 

MetLife Investment Management (MIM) is a premier asset manager with breadth across various asset sectors and global markets, and strong asset-liability management capabilities.  With over $669 billion combined domestic and international general account portfolio and a multi-billion-dollar annual cash flow, Investments is an important contributor to MetLife’s financial performance.  MIM’s Real Estate Equity Group sources commercial real estate investments through seven regional offices in the U.S. and international offices in London, Tokyo, Mexico City and Santiago, and currently manages an equity portfolio of approximately $37 billion dollars.    

 

MetLife’s Derivatives / Global Rates Unit assists the Company to use derivatives to solve ALM challenges.  Analytics supports the derivatives trading desk, which includes CSA discounting, funding value adjustment, derivatives pricing, and counterparty exposure optimization.  We also function as the internal derivatives consulting group and provide quantitative derivatives solutions to many groups across MetLife. The Associate Director will have the opportunity to work with risk management, ALM, finance, treasury, and gain broad exposure.

 

Key Responsibilities:

  • Development of trading desk models for Interest Rate, Foreign Currency, Inflation, Equity and Hybrids.
  • Manage the on-going maintenance of Numerix Cross Asset Server.
  • Implement next generation, service-oriented analytic technology to support the real-time analytic needs of the XVA desk.
  • Primary Front Office Lead for OTC Bilateral Initial Margin calculations.  Perform pro-forma margin analysis and work with DMO on IM-related analytics issues.  Represent MetLife with ISDA on SIMM model development industry issues.
  • Partner with Liability teams to refine and enhance capital markets assumptions in liability pricing.
  • Work closely with members of the Trading Desk to provide financial engineering expertise as it relates to new products and risk analysis used in ALM strategies.
  • Assist in structuring trades for the trading desk, as necessary.

 

Essential Business Experience and Technical Skills

Required:

  • 7 years experiences in derivative products, particularly rate and equity derivatives, is required.
  • Detailed knowledge of the Libor Market Model, Hull-White Model, Heston Models, CSA-specific discounting, volatility surface construction, convexity adjustments is required.
  • Practical experience with Credit Value Adjustments and Potential Future Exposure.
  • Candidate must be able to demonstrate proficiency in object-oriented programming.  
  • Attention to detail and ability to meet deadlines while multi-tasking is required.
  • Good communication and presentation skills.

Preferred:

  • Advanced Degree in a Quantitative Discipline is required, preferably in the hard sciences, mathematics, or financial engineering.
  • Proficiency in Numerix Cross-Asset strongly preferred.

 

Business Category

Investments

 

#MIM

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.” 

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 

       

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

 

MetLife maintains a drug-free workplace.

 

 

Requisition #: 127158