At Equitable, our power is in our people.
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?
We are seeking a creative, highly motivated and detail-oriented Quantitative Model Developer/Researcher with an established background in financial engineering, programming and actuarial science to join the Actuarial Hedging team. In this role, you will be engaged in an exciting effort to lead the design and implementation of state-of-the-art actuarial and quantitative models that drive our hedging program.
Responsibilities include, but are not limited to:
Design, implement and maintain hedging models for hedging operations and hedge strategy.Lead the development of tools and platform enhancements to bolster productivity through innovative system-building and automation.Leverage knowledge of high-performance computing to speed up the production of results and systematically search for improved model robustness.Crafts documentation for analysis, reporting, internal control, external auditing purposes.Recommends changes and continuous improvement and provides supporting analysis for the recommendations; contributes to proposals of innovative hedging strategies for VA guarantees.A key contributor and often leads on team's initiatives aimed at derivatives/market modeling, analytical research and infrastructure/process development.A key member of the cross-functional team on the asset-liability management; actively involved on strategic projects with a strong desire to learn and lead.Leads in actuarial hedging and liability valuation using actuarial software and reporting tools. Actively monitors PL attribution and performance measurement and hedge effectiveness.Collaborates across different functional teams in the organization; can work effectively with internal controls and external auditors/regulators; take proactive actions to mitigate operational risks.In Office Schedule:This role will work in office 3 days per week.
The base salary range for this position is $140,000 - $175,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.
Equitable Pay and Benefits:Equitable Total Rewards Program
At Equitable, our power is in our people.
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?
We are seeking a creative, highly motivated and detail-oriented Quantitative Model Developer/Researcher with an established background in financial engineering, programming and actuarial science to join the Actuarial Hedging team. In this role, you will be engaged in an exciting effort to lead the design and implementation of state-of-the-art actuarial and quantitative models that drive our hedging program.
Responsibilities include, but are not limited to:
Design, implement and maintain hedging models for hedging operations and hedge strategy.Lead the development of tools and platform enhancements to bolster productivity through innovative system-building and automation.Leverage knowledge of high-performance computing to speed up the production of results and systematically search for improved model robustness.Crafts documentation for analysis, reporting, internal control, external auditing purposes.Recommends changes and continuous improvement and provides supporting analysis for the recommendations; contributes to proposals of innovative hedging strategies for VA guarantees.A key contributor and often leads on team's initiatives aimed at derivatives/market modeling, analytical research and infrastructure/process development.A key member of the cross-functional team on the asset-liability management; actively involved on strategic projects with a strong desire to learn and lead.Leads in actuarial hedging and liability valuation using actuarial software and reporting tools. Actively monitors PL attribution and performance measurement and hedge effectiveness.Collaborates across different functional teams in the organization; can work effectively with internal controls and external auditors/regulators; take proactive actions to mitigate operational risks.In Office Schedule:This role will work in office 3 days per week.
The base salary range for this position is $140,000 - $175,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.
Equitable Pay and Benefits:Equitable Total Rewards Program
Minimum Qualifications:
Bachelor’s degree in Mathematics, Actuarial Science, Statistics, Computer Science, Engineering and/or Physics3 years of experience in programming/modelingPreferred Qualifications:
Master’s degreeFSA designation3 years relevant experience ideally within Hedging, Variable Annuity products, Model Development, Quantitative Research or related functionHands on experience with coding – ideally utilizing C/C , Python and/or MATLABEstablished analytical and technical skillsDemonstration of high intellectual capacity and curiosity; strong work ethic (takes ownership), self-starter and quick-study mentality; ability to work independently, within groups and across functional teams and provide guidance to junior team membersHighly motivated and interest in collaborationAbility to translate complex, technical terms into easy to understand terms
Skills
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
Programming: Knowledge of relevant programming languages and tools; ability to test, write, design, debug, troubleshoot and maintain source codes and computer programs.
Statistics and Actuarial Modeling: Knowledge of statistical and actuarial modeling tools and techniques; ability to apply modeling processes and techniques to facilitate risk management decisions.
Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.
ABOUT EQUITABLE
At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.
#LI-Hybrid
Minimum Qualifications:
Bachelor’s degree in Mathematics, Actuarial Science, Statistics, Computer Science, Engineering and/or Physics3 years of experience in programming/modelingPreferred Qualifications:
Master’s degreeFSA designation3 years relevant experience ideally within Hedging, Variable Annuity products, Model Development, Quantitative Research or related functionHands on experience with coding – ideally utilizing C/C , Python and/or MATLABEstablished analytical and technical skillsDemonstration of high intellectual capacity and curiosity; strong work ethic (takes ownership), self-starter and quick-study mentality; ability to work independently, within groups and across functional teams and provide guidance to junior team membersHighly motivated and interest in collaborationAbility to translate complex, technical terms into easy to understand terms
Skills
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
Programming: Knowledge of relevant programming languages and tools; ability to test, write, design, debug, troubleshoot and maintain source codes and computer programs.
Statistics and Actuarial Modeling: Knowledge of statistical and actuarial modeling tools and techniques; ability to apply modeling processes and techniques to facilitate risk management decisions.
Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.
ABOUT EQUITABLE
At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.
#LI-Hybrid