Director Derivatives

• Develop new infrastructure and analytical tools using Tableau SQL Workbench Beacon python and generative AI tools (e.g. Claude code Cursor) to organize data related to all the swaps forwards futures and options owned by NYL
• Support the monitoring and management of the derivatives portfolio with a focus on market risk analytics platform capability development and reporting automation
• Create Tableau dashboards to summarize key metrics about NYL's hedge programs including measuring hedge effectiveness assessing current exposure relative to defined limits and aggregating greek sensitivities of the derivatives positions
• Enhance the daily P&L attribution process for derivatives positions utilizing Beacon libraries and Aladdin valuation modules
• Partner with internal quantitative technology and investment teams to understand modeling and coding needs and help evolve our analytical and reporting infrastructure
• Contribute to the design enhancement and ongoing use of tools and processes used to manage derivative exposures and related risks
• Analyze complex datasets to support portfolio insights assess liquidity risk and inform hedge strategy and decision-making
• Help identify and address Asset Liability Management (ALM)-related challenges including evaluating potential derivatives solutions where appropriate
• Collaborate with internal and external partners (including counterparties and vendors) to support analytical initiatives and infrastructure development
• Ensure the accuracy consistency and integrity of data used in analysis and reporting
• Support continuous improvement of reporting dashboards and analytics used by the derivatives team and the broader investment teams

• Bachelor's degree required
• 5-10 years of relevant experience in investments derivatives fixed income modeling actuarial science market risk analytics risk management or a related quantitative field
• Strong analytical and quantitative background with demonstrated problem-solving skills and programing experience
• Experience working with data and analytics tools including SQL relational databases (e.g. AWS) and Tableau or similar business intelligence/visualization platforms
• Tangible experience with interest rate equity and/or currency derivatives is preferred
• Motivated self-starter with the ability to work independently and apply critical thinking
• Detail-oriented with demonstrated ability to communicate complex topics clearly
• Familiarity with analytical platforms such as Beacon Aladdin Numerix (or comparable risk/analytics software) is highly desirable
• Experience supporting or collaborating with technology teams developers or quantitative modelers; direct software development experience is not required
• Familiar with insurance company ALM techniques and general account investment strategies; application of derivatives overlays is a plus but not required
• Ability to communicate effectively with a range of stakeholders including investment professionals technologists and insurance product specialists
• Experience with US Statutory Accounting is beneficial

What We Do

At New York Life our 180-year legacy of integrity mutuality and financial strength fuels a future defined by bold transformation. As the largest mutual life insurance company in the U.S. we operate on behalf of our policy owners—not shareholders. That structure allows us to take a long-term view investing in people purpose and innovation that endures. Guided by a clear enterprise vision to become a technology- data- and AI-powered company we’re modernizing our platforms rearchitecting experiences and embedding intelligence across our products and services. Our mission has always been about helping people through life’s most meaningful moments. Today technology is amplifying that mission—enabling us to serve clients advisors and communities in more personalized proactive ways. With a diversified business portfolio spanning insurance investments retirement group benefits and direct-to-consumer offerings New York Life delivers the stability of a Fortune 100 company with the agility of one that’s continuously evolving. We’re powered by a values-led culture inclusive teams and a shared belief that when our people thrive so does our company. Here tradition fuels momentum—and your ideas energy and growth power what’s next.

Why Work With Us

New York Life is transforming from the inside out—blending 180 years of trust with the velocity of innovation. What makes us different is our culture: grounded in integrity humanity and shared success—values that show up in how we work lead and grow. If you want a place where innovation has purpose—build what's next with us.

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