At a Glance
- Tasks: Manage and execute derivative strategies for investment portfolios while collaborating with various teams.
- Company: Join a leading insurance group focused on innovative financial solutions.
- Benefits: Enjoy a competitive salary, hybrid work options, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on customer satisfaction and critical thinking.
- Why this job: Make a real impact in the financial sector while developing expertise in derivatives.
- Qualifications: 4-8 years of experience in derivatives and a degree in a quantitative field.
The predicted salary is between 60000 - 80000 £ per year.
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ROLE OVERVIEW
Individual contributing to the management and execution of derivative strategies and solutions-driven investment portfolios across the Group's insurance balance sheets.
Working within the Balance Sheet Solutions & Derivatives team, the role supports activities across risk management, regulatory compliance, and balance sheet optimisation, helping to deliver effective hedging and investment solutions.
Working closely with colleagues across risk, investments, actuarial, finance, and operations, the role assists in translating agreed strategies into execution.
Responsibilities include supporting trade execution, monitoring derivative and collateral positions, coordinating with internal stakeholders and external counterparties, and contributing to reporting, governance, and operational processes.
The role provides an opportunity to develop expertise across the full derivatives lifecycle while helping to maintain strong risk management, control standards, and operational efficiency.
KEY RESPONSIBILITIES
- Support the management of the Group's derivative portfolio across cleared and uncleared instruments, including hedging, repos, funding solutions, repacks, and structured transactions, ensuring adherence to relevant regulatory requirements.
- Assist in the implementation and execution of derivative strategies aligned with balance sheet objectives, risk appetite, and regulatory constraints, including solutions supporting M&A and reinsurance transactions.
- Support the end-to-end trade lifecycle, including pre-trade analysis, execution, confirmation, validation, and ongoing monitoring of derivative exposures, market developments, and hedge effectiveness.
- Assist in the management of collateral and liquidity activities across CSAs, including margining, reconciliation, eligibility monitoring, governance, and process improvements.
- Prepare and maintain risk, liquidity, collateral, and performance reporting, providing accurate and timely analysis to support decision-making and stakeholder requirements.
- Build effective relationships with internal stakeholders across risk, investments, actuarial, finance, legal, and operations, as well as external counterparties including banks, custodians, clearing houses, and execution providers.
- Contribute to the enhancement of execution processes, controls, operating models, systems, and provider oversight to improve efficiency, scalability, and governance.
- Work closely with the Derivative Oversight Manager and wider team to ensure accurate reporting, strong governance, and compliance with derivative and insurance regulatory frameworks.
EXPERIENCE & QUALIFICATIONS
- Relevant experience in derivatives within insurance, asset management, investment banking, or a related financial services environment, with exposure to the execution and management of derivative and structured strategies (typically 4–8 years).
- Good technical understanding of derivative instruments, collateral management, and associated market practices.
- Experience supporting derivative portfolios, including trade execution, lifecycle management, collateral processes, and related regulatory or reporting requirements.
- Bachelor's degree in a quantitative or analytical discipline (e. g., Mathematics, Physics, Engineering, Computer Science, or similar). Advanced degrees are advantageous.
- Strong analytical and numerical skills, including advanced Excel; experience with Python, SQL, C#, or similar tools is beneficial.
- Proficiency with market data platforms (e. g. Bloomberg) and ability to source, interpret, and validate market and security data
- Good understanding of insurance balance sheets and ALM considerations, with working knowledge of regulatory and accounting frameworks; multi-jurisdictional experience advantageous
- Strong problem-solving, organisational, and communication skills, with the ability to manage deliverables end-to-end and effectively engage and influence stakeholders
- Experience improving processes, controls, and analytics through automation and standardisation; familiarity with derivative management systems advantageous
- Professional qualifications (e. g. CFA, CQF, FRM, Actuarial) or progress toward them desirable
- #Hybrid #London
- Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
Derivative Manager in London employer: Res Life
At Resolution Life, we pride ourselves on being an exceptional employer, offering a dynamic work environment in London that fosters collaboration and innovation. Our employees benefit from a strong focus on professional development, with opportunities to enhance their expertise in derivatives while working alongside industry experts. With a commitment to a customer-focused culture and a team mentality, we ensure that our staff are supported in their growth and empowered to make impactful contributions to our mission.
StudySmarter Expert Advice🤫
We think this is how you could land Derivative Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Res Life. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Derivative Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Res Life.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Res Life's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Res Life
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Res Life.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Res Life will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Res Life employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
