Quantitative Derivative Portfolio Manager

Quantitative Credit/Derivative Portfolio Manager Quantitative Portfolio ManagementTeamFull-TimeBoston, MAThe Opportunity:The Quantitative Credit/Derivative Portfolio Manager will be responsible for Credit hedging across the MassMutual General Investment Account. This includes performing daily portfolio management activities, such as rebalancing risk and evaluating tactical relative-value tradeoffs, while also contributing to the research of alternative hedging strategies employing simulation and back-testing techniques. The Quantitative Credit/Derivative Portfolio Manager will work closely with teams across Investment Management, Barings, Enterprise Risk, Corporate Finance, and Strategic Distribution.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 across Investment Management to manage MassMutual's product portfolios and the approximately $250 billion General Investment Account (GIA). In addition, this high-profile group works 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 Quantitative Credit/ Derivative Portfolio Manager will be accountable for the following:Responsible for daily portfolio management activities like execution of new hedges, roll of existing ones, and trade input as well as review of current risk, recent activity, attribution, profit and loss, and modeling of credit exposure in different portfoliosIdentify market opportunities, analyze alternative hedging strategies, propose and implement frameworks for relative value positioning, and suggest transactions, to increase hedge effectiveness for portfolio managementLead bespoke simulation, back-testing and/or other research projectsCollaborate with colleagues in other areas of MassMutual as needed – enterprise risk, corporate actuarial, finance and accounting, etc.The Minimum Qualifications:7+ years of derivative market experience in at least one of the following: listed and OTC equity options, TRS, futures/forwards, CDX, interest rate swaps/swaptions, and cross- currency swaps7+ years of market expertise in fixed income portfolio management, with exposure to structured & private credit Bachelors in Math, Financial Engineering, Computer Science or related fieldThe Ideal Qualifications:10+ years of derivative market experienceAdvanced quantitative degree (MFE, PhD)Strong background/understanding of capital markets and financial instrumentsStrong quantitative expertise: statistics, mathematics, and computer science (python / SQL required)Ability to develop market views in Credit and Fixed-Income Strong understanding of portfolio management and ALMDeep knowledge of derivatives in all dimensions – risk, economics, tax, accountingStrong background/understanding of capital markets and financial instruments Strong understanding of portfolio management and ALM in a life insurance companyStrong communication skills and ability to convey technical topics to non-expertsWhat to Expect as Part of MassMutual and the Team :Regular team meetingsFocused one-on-one meetings with your managerNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits #LI-FT1MassMutual is an equal employment opportunity employer. We welcome all persons to apply.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need. California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.