Executive Director Derivatives & Hedging

Executive Director Derivatives & Hedging

Addison, TX; Montpelier, VT; New York, NY

Come join one of America's fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

About Us

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple to allow NLG to keep its promises. How we do this an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision. We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders. Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

Please note that we do not offer visa sponsorship for this position.

Role Summary

The Hedging Leader at NLG Capital is responsible for designing, implementing, and overseeing the hedging framework and activity for the company's insurance and reinsurance operations. This is a critical leadership role that sits at the intersection of investments, risk management, and actuarial strategy. The position requires deep expertise in hedging and derivative strategies, specifically index and product related design, combined with the ability to lead a team and collaborate across functions to ensure effective risk management, capital efficiency, and alignment with the firm's long-term objectives.

Essential Duties and Responsibilities

• Develop and implement a scalable hedging program to manage market, interest rate, and option risks across NLG's insurance companies.
• Oversee day-to-day hedging operations, starting with static hedging programs and evolving toward dynamic overlays as business and asset volumes increase.
• Monitor and report on hedge effectiveness, including metrics such as value-at-risk, hedge P&L attribution, and capital impacts.
• Partner with investment, actuarial, and finance teams to design and execute hedging strategies for new products, M&A, and reinsurance dealsincluding FX hedging and in force risk management.
• Optimize collateral and capital efficiency associated with hedging activities.
• Build and lead a high-performing team of 23 professionals responsible for hedge execution, reporting, and analytics.
• Collaborate with actuaries, distribution partners, and banking counterparties on the development and launch of new FIA and RILA products, including custom and indexed-linked strategies.
• Work with corporate finance and actuarial valuation teams to support projections, capital planning, and stress testing.

Minimum Qualifications

• Proven track record of successfully designing and implementing hedging programs in insurance or reinsurance contexts.
• Broad understanding of life and annuity products, including IUL, FIA, MYGA and RILA.
• Strong ability to communicate complex hedging strategies simply and effectively to diverse stakeholders.
• Experience balancing risk management and capital efficiency objectives.
• Strong technical proficiency, including Microsoft Office (Excel, Word, PowerPoint); experience with quantitative tools preferred.
• Self-motivated with demonstrated excellent leadership, collaboration, and communication skills.
• Actuarial, quantitative finance, or CFA background preferred but not required.
• This position currently offers an onsite hybrid work schedule, with the expectation that you are in the office four days per week during onsite core days. The work schedule type and core days are subject to change with advance notification and manager discretion.

Preferred Qualifications

• Experience with U.S. statutory accounting, GAAP, insurance regulatory and actuarial guidelines.
• Experience managing collateral and counterparty relationships.
• Prior leadership of derivatives or hedging teams in an insurance or asset management setting.

Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances. Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life's discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors. National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range $166,875 - $244,750 USD

National Life Group is a trade name of National Life Insurance Company, Montpelier, VT founded in 1848, Life Insurance Company of the Southwest, Addison, TX chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.