Sr. Quantitative Derivative Strategist

Alternate Locations:
Radnor, PA (Pennsylvania)

Work Arrangement:

Hybrid :
Employee will work 3 days a week in a Lincoln office

Relocation assistance: will be considered/provided for this opportunity within our company guidelines.

Requisition #: 75514

About Market Risk Management

The Market Risk Management team is redefining how insurers manage market volatility. We're a collaborative group of quantitative strategists, derivative portfolio managers, and risk experts dedicated to protecting the balance sheet and maximizing capital efficiency across our large and sophisticated VA, RILA, FIA, IUL, and other product portfolios.

Our work blends advanced quantitative modeling, dynamic hedging, and cross-asset risk analytics - spanning equity, interest rates, volatility, credit, and FX - to deliver precision risk mitigation. We leverage proprietary valuation systems, cutting edge technologies, and integrated risk frameworks to optimize hedge effectiveness and align with both economic and regulatory objectives.

This is a space where technical excellence meets strategic influence. You'll partner with actuarial, investments, and finance teams to shape the future of asset-liability management, contribute to product innovation, and lead initiatives that directly impact enterprise capital and earnings stability.

The Role at a Glance

The Senior Derivative Portfolio Manager will report directly to the VP, Derivative Portfolio Manager and play a key role within Lincoln's Market Risk Management which is responsible for protecting the balance sheet and maximizing capital efficiency across our large and sophisticated VA, RILA, FIA, IUL, and other product portfolios.

This position is responsible for supporting the design, implementation, and management of hedging solutions for Lincoln's Annuities and Life businesses. The individual will work closely with a team of trading strategists and cross-asset traders to oversee an industry-leading derivative trading program, focusing on day-to-day portfolio management, quantitative model development, and market risk mitigation.

What you'll be doing

* Research, back-test, and execute complex derivative hedging strategies to mitigate capital market risks embedded in Lincoln's annuity and life products.

* Work closely with the Derivative Trading Desk to monitor market dynamics to further enhance existing hedging strategies.

* Utilize programming skills to build and maintain infrastructure to analyze and oversee QIS hedge portfolio.

* Design and build complex back-testing tools to research and evaluate efficacy of current and proposed derivative hedging strategies.

* Leverage counter party relationships to remain up to date on market regulation and best-in-class hedging/derivative strategies.

* Develop tools to monitor and improve transaction & collateral costs for our derivative portfolio.

* Produce and clearly communicate complex and technical presentations to senior management, on hedge effectiveness, strategy back-tests, derivative pricing, etc.

* Act as subject matter expert and collaborate/provide solutions with stakeholders including Pricing & Product Teams, Legal, Life, Funds Management, Investments, and Accounting.

* Effectively manage day-to-day operations and support multiple small to medium-sized projects in parallel within a dynamic environment, collaborating with other teams and creatively leveraging resources to meet aggressive deadlines.

* Conceive and implement original trading concepts and hedging approaches to effectively manage risk, capitalize on market opportunities, and exploit pricing inefficiencies by utilizing various hedge instruments, including equity, interest rate, and credit derivatives

* Consistent thought leadership on improvements to technological and operational efficiencies and to bring innovative capital markets ideas for the development of new insurance products

What we're looking for

* 5+ years of increasing experience in a hedging/trading strategist role, including demonstrated experience and understanding of risk management practices.

* Solid understanding of capital markets, derivatives, hedging strategies and insurance products including but not limited to annuities.

* Strong knowledge of derivatives within Insurance, Banking and/or Hedge Funds.

* Knowledge of quantitative finance including option theory, linear algebra and optimization techniques. Knowledge of insurance capital structures a plus

* Strong programming skills (Python, SQL, R, Matlab, Excel/VBA, etc.)

* Strong communication skills (verbal & written) to convey complex technical concepts

* Advanced degree (Master's or PhD) in quantitative finance, mathematics, statistics, engineering, or a related field strongly preferred;
Bachelor's degree with significant relevant experience will be considered.

* Hybrid working arrangement in Radnor, PA preferred

Final date to receive applications

Applications for this position will be accepted through April 30th, 2026 subject to earlier closure due to applicant volume.

What's it like…