Director, Investments, Derivatives Management and Trading; Hybrid

Overview

At Tru Stage, we’re on a mission to make a brighter financial future accessible to everyone. We prioritize people, working hand in hand with employees and customers to create a diverse and inclusive environment. This role requires a presence at our corporate headquarters in Madison, WI, with a strong preference for local candidates or those open to relocation.

This position is accountable for the derivatives management function supporting the firm’s insurance general account, with derivative trading and execution serving as a core component. The primary responsibility is RILA hedging and broader enterprise risk management, including interest rate, foreign exchange, and other derivative strategies.

• Partner closely with Asset Liability Management (ALM) and Product teams to design, implement, and continuously refine hedging strategies aligned with liability profiles, product features, capital objectives, and enterprise risk tolerances.
• Serve as a market‑facing leader and thought leader in derivatives, actively engaging with external counter parties and industry participants to inform strategy, drive best practices, and ensure the organization remains at the forefront of evolving market dynamics and regulatory developments.
• Communicate complex derivative strategies, hedge performance, and balance‑sheet impacts to senior leadership, ALM, Product, portfolio managers, and risk committees.
• Represent the firm externally with counter parties, industry groups, and market participants.
• Execute derivative strategies with strong risk discipline and operational accuracy, ensuring alignment with ALM objectives, product design features, and enterprise risk appetite.
• Maintain expert knowledge of global derivative markets, structured products, and insurance hedging techniques; incorporate external insights, innovations, and emerging trends.
• Monitor regulatory developments and industry best practices, adapting strategies proactively.
• Use and evaluate systems such as Bloomberg, risk analytics platforms, and trade/order management systems.
• Promote collaboration across trading, ALM, Product, actuarial, portfolio management, risk, and operations teams.
• Guide and mentor derivatives traders and analysts; build organizational capability in derivatives strategy, execution, and innovation.
• Build and maintain external relationships with dealers, banks, and counter parties; negotiate pricing, access liquidity, and identify market opportunities.
• Actively engage in industry forums and peer networks to stay aligned with emerging derivatives practices and innovations.
• Provide thought leadership on derivatives strategy, including new hedging approaches and structuring techniques.
• Monitor and interpret regulatory and accounting developments and incorporate changes into strategy and governance.
• Execute trades and oversee full lifecycle management with precision and strong controls.
• Manage relationships with ALM, Product, and risk management to monitor exposures, perform stress testing, and evaluate hedge effectiveness.
• Ensure compliance with regulatory frameworks and internal governance standards; develop and enhance investment and derivatives policies.
• Collaborate with enterprise functions (ALM, Product, actuarial, finance, risk, legal, operations).
• Present derivative strategy, product implications, hedge performance, and ALM alignment insights to ALCO and senior leadership.
• Lead or contribute to enterprise‑wide strategic initiatives involving derivatives, hedging optimization, and product innovation.

• Graduate degree preferred in Finance, Economics, Engineering, or related field.
• 12+ years direct work experience in derivatives trading, insurance asset management, ALM, or related functions.
• Deep expertise across derivatives instruments including options, swaps, futures, and structured hedging strategies.
• Strong knowledge of insurance balance‑sheet management, with experience supporting RILA or similar products strongly preferred.
• Proven experience partnering with ALM, Product, and actuarial teams.
• Proven ability to build and maintain external market relationships with counter parties and…