Derivative Risk & New Product Support Specialist

Derivative Risk And New Product Support Specialist

You desire impactful work. RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration. A Fortune 500 company and listed among its World's Most Admired Companies, we're the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

A Brief Overview

The Derivative Risk and New Product Support Specialist provides all derivative risk reporting, performance attribution reporting, and support implementation efforts into the primary derivative systems for new derivative types while deepening knowledge of derivative valuation. Efforts will support the derivative operations, portfolio management, and overall Investments requirements.

Responsibilities

• Act as point person for all derivative risk issues including establishing reporting standards for all risk reporting including daily risk sensitivities, standard monthly reporting, P&L volatility estimation, and quarterly collateral reporting
• Ensure the proper production of daily, monthly, and ad-hoc derivative risk reporting and performance attribution reporting
• Work with derivative infrastructure specialist to implement processes to centralize all derivative risk data from primary sources (i.e. Findur, Aladdin, and Acadia) to Investment reporting tools (e.g. Snowflake)
• Work with Investment data to ensure that derivative systems have proper external market data to support valuation and risk reporting
• Work with Investments Quant Team, business lines, and Treasury to support more comprehensive derivative risk reporting
• Enhance or develop automation efforts to improve the group's overall efficiency
• Work closely with IT developers including the writing of technical spec documents
• Support manager with the anticipation and development of the future projects of the team which adhere to the department's needs
• With the support of the Manager, develop deep understanding of valuation approaches and methodologies
• Develop good understanding of the following daily functions to be performed primarily by the derivative operations team :
• Daily collateral management and reporting
• Trade capture of all derivative trades
• Derivative Reporting
• Derivative Pricing
• Confirmation Management
• Reconciliations with dealers and accounting system
• Regulatory Compliance Management
• ISDA / CSA management
• Support the management of SOX and internal controls

Education and Experience Required

Preferred

Skills and Abilities Required

What You Can Expect From RGA

Compensation Range :

$104,350.00 - $155,350.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.