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Director, Products and Hedging Solutions
Full time @Aon posted 1 year ago in Project Management & Business Analyst , in Quantitative Modeling & Financial Engineer , in Risk Management Governance & Compliance Shortlist Email JobJob Description
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our PathWise Solutions Group (PSG) business group within Aon Reinsurance, in Toronto, Ontario. As a Director, Products and Hedging Solutions, you will report directly to the Managing Director, Consulting.
This is a hybrid role with the flexibility to work both virtually and from our Toronto office.
What The Day Will Look Like
- Lead Treasury Services including Stock Repurchase and FX hedging strategies.
- Supervise the development and implementation of innovative hedging and asset management strategies in PathWise to effectively manage complex exposures that combine Actuarial, Financial, and Capital Market risks.
- Lead the development- of sophisticated financial asset and liability models in PathWise to support various investment management and risk management projects.
- Lead quantitative research projects that support investment decision processes, utilizing quantitative skills, such as time series regressions, optimization, Monte Carlo simulation, and data visualization techniques.
- Lead the development of Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
- Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration and insurance company financial reporting.
- Provide expert analytical support to portfolio managers, traders, and risk managers on the risk, return and transaction cost/market impact of investment portfolios and strategies.
Skills And Experience That Will Lead To Success
- Strong analytical and problem solving skills
- 10+ Experience as a risk analyst at a bank or investment management firm
- Experience with Accelerated Stock Repurchase (ASR) and Enhanced Open Market Repurchase (eOMR) programs at a bank
- Expert Knowledge of equity derivatives, cash and FX markets
- Expert knowledge of market microstructure: liquidity, price formation & discovery, transaction & timing costs
- Graduate degree in a quantitative discipline (Financial Engineering, Mathematical Finance), PhD preferred.
- Expert knowledge of financial assets including exotic derivatives and their valuation models
- Expert knowledge of stochastic interest rate and equity models
- Knowledge of statistics, finance and economics
- Strong numerical technique skills in PDE, optimization, time series analysis and Monte-Carlo simulation
- Expert programming skills in Python
- Experience implementing quantitative finance libraries in Python or C++
- Strong communication skills for heavy team and client interactions
- Ability to work well in a fast-paced environment with changing priorities
- Experience working with financial software packages such as Numerix, FinCAD a plus
How We Support Our Colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.