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Director, Derivatives

Date Posted: Jun 22, 2018

Location: Whippany, NJ, US, 07981

Company: MetLife

Job Location: Whippany, NJ

 

Role Value Proposition:

MetLife is seeking a Director, Derivatives, to join the Global Hedging Investments team. The Derivatives trading desk manages and trades a nearly $400 billion notional derivatives portfolio with $300+ billion notional of annual volume.  The desk is responsible for trade idea generation, execution, and general derivatives & hedging advisory activity. 

 

MetLife currently oversees ~$580 billion[1] in combined managed assets. The Global Hedging team assists the Company in its use of derivatives to solve ALM challenges for its own General Account as well as providing strategic risk management solutions for its third party business.  Reporting directly to the Director for General Account Hedging, who in turn reports to the EVP for Global Derivatives & Liquid Markets, this person will join a team of 7 and be integrally involved with the day-to-day structuring, execution, and management of the derivatives portfolio.  He or she will directly impact the income and value drivers of the Company, providing solutions that help control risks, manage capital, and provide opportunities for return generation.  The successful candidate will monitor markets and manage existing derivative positions to capitalize on market trends and proactively bring new ideas and strategies to our clients.  He or she will work closely with both internal and external clients to initiate efficient and cost-effective hedge solutions and with asset sectors to support new asset generation and projects in our Insurance and 3rd Party asset management operations.  The Director, Derivatives, role is an opportunity for a strategic, analytical, and solutions-oriented leader to join a dynamic, highly collaborative team during a period of broader organizational transformation. 

 

Key Responsibilities:

  • Partner with Portfolio Managers & Asset Sectors to develop, recommend, implement, and manage hedging solutions
  • Provide subject matter expertise for derivative topics including markets, regulation, trends, and products to assist in the development of new products, strategies and programs within the firm
  • Communicate and work cross-functionally with diverse teams, including Investments IT, Treasury, Risk Management, ALM, Middle Office, Accounting and Portfolio Management
  • Structure, execute, and manage derivative programs, including review and optimization of existing trades and recommendation of relative value opportunities for both existing and new programs
  • Serve as an expert resource for derivatives solutions to support our 3rd Party investment initiatives

 

Essential Business Experience and Technical Skills:

  • A minimum of 10 years of experience in derivative products, particularly global rate and volatility derivatives
  • Deep experience with ALM and market risk management
  • Strong analytical and relevant technical skills across the spectrum of derivatives products and valuation metrics
  • Understanding of insurance regulatory and accounting regimes strongly preferred
  • Familiarity with derivative regulation and legal documents (ISDA/ CSAs )
  • Some experience programming a plus (C#, Java or C++).
  • Global market experience a plus
  • Excellent written and verbal communication skills
  • Undergraduate degree or equivalent experience required; MBA or Master’s in Economics or Finance preferred

 

Leadership Competencies:

  • Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.
  • Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
  • Focuses on Customers – Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
  • Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.
  • Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Grows Talent – Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.
  • Motivates People – Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
  • Models our Values – Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.


Key Relationships:

  • Reports to:  Director, General Account Rates & Currency Hedging
  • Peers/ Team:  Government & Short Term Trading, Variable Annuity Hedging, Structured Solutions
  • Key Stakeholders: Portfolio Management, Capital Marketing & Sec Lending, Corporate Risk Management, Client Services Group, Treasury, Lines of Business
 

[1]As of 9/30/2017. Includes all assets managed by MIM.

 

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on 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.

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Requisition #: 93705 


Nearest Major Market: New Jersey