Executive Director Derivatives & Hedging

Join to apply for the Executive Director Derivatives & Hedging role at National Life Group

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures. Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values:
Do good. Be good. Make good.

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates.

While our process is based on rigor, our culture is based on our guiding principles:
Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision.

Role Summary

• The Hedging Leader at NLG Capital is responsible for designing, implementing, and overseeing the hedging framework and activity for the company’s insurance and reinsurance operations. This is a critical leadership role that sits at the intersection of investments, risk management, and actuarial strategy. The position requires deep expertise in hedging and derivative strategies, specifically index and product related design, combined with the ability to lead a team and collaborate across functions to ensure effective risk management, capital efficiency, and alignment with the firm’s long‑term objectives.

• Develop and implement a scalable hedging program to manage market, interest rate, and option risks across NLG’s insurance companies.
• Oversee day‑to‑day hedging operations, starting with static hedging programs and evolving toward dynamic overlays as business and asset volumes increase.
• Monitor and report on hedge effectiveness, including metrics such as value‑at‑risk, hedge P&L attribution, and capital impacts.
• Partner with investment, actuarial, and finance teams to design and execute hedging strategies for new products, M&A, and reinsurance deals—including FX hedging and in‑force risk management.
• Optimize collateral and capital efficiency associated with hedging activities.
• Build and lead a high‑performing team of 2–3 professionals responsible for hedge execution, reporting, and analytics.
• Collaborate with actuaries, distribution partners, and banking counter parties on the development and launch of new FIA and RILA products, including custom and indexed‑linked strategies.
• Work with corporate finance and actuarial valuation teams to support projections, capital planning, and stress testing.

• Proven track record of successfully designing and implementing hedging programs in insurance or reinsurance contexts.
• Broad understanding of life and annuity products, including IUL, FIA, MYGA and RILA.
• Strong ability to communicate complex hedging strategies simply and effectively to diverse stakeholders.
• Experience balancing risk management and capital efficiency objectives.
• Strong technical proficiency, including Microsoft Office (Excel, Word, PowerPoint); experience with quantitative tools preferred.
• Self‑motivated with demonstrated excellent leadership, collaboration, and communication skills.
• Actuarial, quantitative finance, or CFA background preferred but not required.
• This position currently offers an onsite hybrid work schedule, with…