Senior Director, Derivatives Trading

Our client, major asset management firm, is looking for a Senior Director, Derivatives Trading. This position is hybrid and located in New York, NY.Salary: $250k base + bonus (total compensation to $600K)Responsibilities:Execute derivatives trades in accordance with the desk’s overall hedging strategy while maintaining compliance with established policies, procedures, and risk limits.Manage portfolio risk in real time and develop effective hedging strategies for a multi-billion-dollar book of options linked to equity and multi-asset indices.Develop innovative trading strategies and actively manage volatility and directional exposures to enhance portfolio profitability within established risk parameters.Design and implement tail hedging strategies to protect the portfolio during adverse market conditions and periods of market stress.Evaluate the risk and profitability of trading strategies and present recommendations and analysis to senior leadership.Review new index proposals and dealer hedging agreements, providing input on index construction, pricing, and key terms.Continuously improve risk measures, risk limits, P&L measurement, and P&L attribution processes.Assist with quantitative analysis, pricing models, valuation models, and other derivative-related modeling initiatives.Partner with technology teams to enhance and expand the firm’s proprietary trading and risk management systems.Collaborate with accounting, actuarial, and product development teams to improve derivative-related reporting and processes.Identify opportunities to use AI and automation to improve the efficiency, accuracy, and scalability of derivatives risk management.Required Qualifications:Bachelor’s degree in Finance, Economics, Statistics, Mathematics, Engineering, or a related quantitative field.Minimum of 8 years of derivatives experience, with experience managing a Fixed Indexed Annuity and RILA derivatives book strongly preferred.Sell-side derivatives experience is a plus.Experience trading vanilla and exotic options, volatility instruments, and developing volatility-focused trading strategies.Strong understanding of derivatives risk management, including Greeks, risk limits, P&L measurement, and P&L attribution.Thorough knowledge of option pricing, VaR, scenario analysis, and risk management for both vanilla and exotic products.Programming experience in MATLAB and/or Python is required.Strong quantitative and analytical abilities with the ability to evaluate complex trading strategies and communicate findings effectively.Excellent written and verbal communication skills with the ability to work closely with senior leadership and cross-functional teams.Strong understanding of index hedging and structuring, with the ability to evaluate complex derivative and hedging proposals.The Solomon Page Distinction Our teams, comprised of subject matter experts, develop an interest in your preferences and goals and we act as an advisor for your career advancement. Solomon Page has an extensive network of established clients which allows us to present opportunities that are well-suited to your respective goals and needs – this specialized approach sets us apart in the industries we serve. About Solomon Page Founded in 1990, Solomon Page is a specialty niche provider of staffing and executive search solutions across a wide array of functions and industries. The success of Solomon Page reflects an organic growth strategy supported by a highly entrepreneurial culture. Acting as a strategic partner to our clients and candidates, we focus on providing customized solutions and building long-term relationships based on trust, respect, and the consistent delivery of excellent results. For more information and additional opportunities, visit: solomonpage.com and connect with us on Facebook, and LinkedIn. Opportunity Awaits.#LI-DB7