Junior Quantitative Analyst – NY

Job Description:

The Dynamic Hedging department within OCIO has a key strategic role for AXA Equitable and AXA Group companies. The variable annuity market is critical to AXA but leads the company to take on significant risks embedded in variable annuity guarantees. Managing these risks has therefore become a strategic issue and a source of competitive advantage.

OCIO’s Dynamic Hedging department manages and provides AXA Equitable with an effective risk management solution based on capital markets and reinsurance to mitigate the risks embedded in variable annuity guarantees: the Dynamic Hedging Program.

The dimensions of this position are complex and technical, demanding expertise in various aspects of the capital markets, derivatives markets and insurance products.

The complexity and innovativeness of AXA Equitable dynamic hedging program create operational and technical challenges. While the operation of several hedging programs requires rigorous analytical capabilities and operational efficiency, the program requires the ability to innovate and to implement new developments.

  • Manage trade activity of the 5 hedge programs
  • Establish trade recommendation, assist CIO and Alliance on trade execution
  • Monitor and confirm trade execution
  • Establish daily and monthly reporting for senior management, weekly activity reports, monthly performance attribution
  • Responsible for fund modeling analysis
  • Team up with Pricing Department on product development (Accumulator series, Unbundled products
  • Ensure coordination among hedge program participants (Alliance, Actuarial, Accounting, IR)
  • Manage audit processes, support Audit teams on derivatives (Quarterly audit review, Annual external audit)
  • Utilize financial modeling expertise to develop hedging strategies that maximize shareholder value given company’s risk appetite and liability structure
  • Develop and improve hedge strategies to mitigate impact of basis risk
  • Improve option valuation in collaboration with Actuarial team
  • Research and development on new hedging strategies
  • Conduct sensitivity analysis of EEV, NBV and STEC given specific capital market
    assumptions, equity models and interest rates model; Calibrate models for Actuarial Department; Identify opportunities to improve financial results
  • Assist Chief Investment Officer on dynamic hedging program communication Collaborate with other entities of AXA Group on hedging strategies (AXA European Hedging Platform, AXA Germany, AXA Group Risk Management)

    Job Requirements:

    The position also Requires:

  • Master Degree in Quantitave Field:Finance, Mathematics, Engineering, Physics
  • 2+ years of experience in banking and or the insurance industry required
  • Srong communication ability
  • Teamwork and leadership skills, in order to coordinate with various areas of the organization, such as accounting, actuarial, Alliance, AXA Group and
  • Present solutions to senior management
  • Strong mathematical skills
  • Knowledge of option pricing
  • Structured finance and value-at-risk/CTE methodologies
  • Solid technical experience in sophisticated modeling and stochastic processes

    In addition to competitive compensation and an outstanding benefits package including 401 (k), pension and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment. EOE M/F/D/V

    In addition to competitive compensation and an outstanding benefits package including 401 (k), pension and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment. AXA Equitable Life Insurance Company is an Equal Opportunity Employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

  • Click here to apply: https://www1.recruitingcenter.net/Clients/AXA/PublicJobs/controller.cfm?jbaction=JobProfile&Job_Id=13727

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