Senior Derivatives Portfolio Manager

  • Competitive
  • Portland, OR, USA
  • Permanent, Full time
  • Bergan Recruiting
  • 23 Sep 16

Portfolio Manager / Trader for derivative products focused on interest rate swaps and equities. Ensure that trades are booked and valuation and risk information flows to all downstream systems/reporting.

Responsible for the prudent management of one or more portfolios including investment strategies, credit analysis and buy/sell decisions along with market trend, economic, and security class analysis which impact current and future portfolio performance.

The Investment Management Division directly invests ~$3.0B per year and manages a $13.5B hold to maturity investment fund. Historically, the majority of the fund is allocated to fixed income, commercial mortgages and structured products. However, we also invest in private transactions and tax strategies. This team is focused on principal investing and portfolio management.

Maintain frequent contact with capital markets, intermediaries and other information sources to understand flows/likely going flows and their implications for markets

Track market conditions and perform ongoing analysis of portfolio, considering transaction cost, accounting, capital, cash and collateral constraints

Collaborate with Risk Management to understand multiple dimensions of business challenge, goals and constraints to shape recommendations Bring insights gained from dialogues with external parties to the organization as appropriate

Qualifications:

3 - 5+ years of experience in relevant products on buy- or sell side

Strong understanding of derivatives environment including dealers and exchanges, products, end users and their motivations, regulation, accounting, operations, and governance

Excellent analytical skills

Thorough understanding of financial theory and derivative math

Ability to manage up, down and across in a team-oriented environment

Excellent communications skills

Experience in investing, especially life insurance company investing

Extensive knowledge of swap modeling and trading

Undergraduate in business, finance or related field.

MBA preferred.

5+ to 7 years experience

Bigger picture, this person is someone who helps us conceptually think of derivatives and is the one who would weigh in on using derivatives to provide a particular solution. He/she will be acting as a primary contact for actuarial and walking through issues with them on how the derivatives work, what type of exposure they create, etc.

If someone comes from interest rate side or equity side we could talk but really looking for someone who has done both. If they have filled a leadership or management role in the past, that would definitely be helpful. This is a very technical skill set in terms of trading for Interest Rates and Equity. They need to know how derivatives solve problems within an organization and would prefer someone who has done this in an insurance environment.

There would be a relocation package for this role.