Director, Hedging

F&G

Director, Hedging responsible for hedge strategy and execution at Fidelity & Guaranty Life Insurance Company. Collaborating with teams on modelling, trading, and system enhancements.

Posted 6/11/2026full-timeRemote • 🇺🇸 United StatesLeadWebsite

Tech Stack

Tools & technologies

PythonSQLVBA

About the role

Key responsibilities & impact

Partner with the VP, Hedging Strategy in defining and executing the risk strategy for the derivatives portfolio, aligned with company objectives. This includes contributing to both general account hedging strategies and hedging the liability options embedded in our products.
Execute derivatives trading across a wide array of instruments, including options, interest rate swaps, bond forwards, cross currency swaps, and credit default swaps, with direct responsibility for dealer relationships, trade execution, and best execution practices.
Propose and refine macro trade strategies designed to manage ALM, earnings, capital, and market volatility, maintaining effective risk coverage while actively working to reduce hedge costs.
Maintain valuation models, risk analytics, and decision-support tools for derivatives trading, with a focus on instruments such as options, swaps, currency, bond forwards, and credit derivatives.
Drive initiatives to enhance system performance, ensuring the accuracy of derivative models and automating processes such as pricing and reconciliation.

Requirements

What you’ll need

Bachelor's degree in Computer Science, Finance, Economics, Statistics, Engineering, Mathematics, or a related field. Master's degree in Mathematical Finance or a similar discipline preferred.
Programming proficiency required, with demonstrated experience in Python, MATLAB, and VBA. Working knowledge of relational database systems such as SQL Server is a plus.
8+ years of hands-on derivatives trading experience across options, interest rate swaps, bond forwards, cross currency swaps, and credit default swaps, in both OTC and cleared markets, with direct accountability for trade execution, dealer relationships, and best execution.
8+ years of derivatives modelling and valuation experience, with demonstrated proficiency in quantitative frameworks including Heston, local volatility, Bates jump diffusion, and Monte Carlo simulation methods, applied to equity, rate, FX, and credit instruments.
Life and annuity business experience required, with an understanding of statutory (STAT) and GAAP accounting principles.
CFA/FRM designations preferred.

Benefits

Comp & perks

Flexible work arrangements

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

PythonMATLABVBASQL Serverderivatives tradingvaluation modelsrisk analyticsquantitative frameworksHeston modelMonte Carlo simulation

Soft Skills

communicationcollaborationanalytical thinkingproblem-solvinginitiative

Certifications

CFAFRM