Role: Equity Derivative Portfolio Manager
Team: Quantitative Portfolio Management
Department: Investment Management
Employment Type: Full-Time
Location: Boston, MA - Hybrid (3+ days in office per week)
The Opportunity
The Equity Derivative Portfolio Manager will be responsible for managing equity derivative portfolios in one or more segments of the general or corporate investment accounts. This includes performing daily portfolio management activities, such as rebalancing risk and evaluating tactical relative-value tradeoffs, but also leading simulation and back testing projects to research alternative hedging strategies. The Equity Derivative Portfolio Manager will work closely with teams across Investment Management, Barings and Enterprise Risk.
The Team
The Quantitative Portfolio Management (QPM) team has primary focus in asset-liability management (ALM), product pricing, and the formulation and execution of quantitative strategies that enhance policyholder surplus and mitigate unwanted risks in the portfolio. The team oversees all derivative-related aspects of MassMutual's portfolio management process, managing exposure to interest-rates, foreign exchange rates, credit spreads, volatility and equity. A small and highly collaborative team, QPM works with other groups in Investment Management to manage MassMutual's product portfolios and the approximately $250 billion General Investment Account (GIA). This high-profile group works across all of Investment Management as well as with our other internal stakeholders including product, actuarial, treasury, accounting, risk, compliance, and external partners, including our primary asset management subsidiary Barings and the major Wall Street derivative broker/dealer counterparties.
The Impact:
The Equity Derivative Portfolio Manage r will be accountable for the following:
Independently perform daily portfolio management activities, reviewing risk, activity, profit and loss attribution, and other lifecycle of portfolios.
Collaborate with colleagues in other areas of MassMutual as needed - enterprise risk, corporate actuarial, finance and accounting, etc.
The Minimum Qualifications
The Ideal Qualifications
What to Expect as Part of MassMutual and the Team
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.