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MassMutual Variable Annuities Investment Operations Developer in Boston, Massachusetts

As an Operations Developer, the ideal candidate will have an understanding of option greeks and a wide range of assets including equity and interest rate derivatives. The candidate will work closely with portfolio managers and strategists to research, develop, and evaluate hedging ideas to improve the performance of our Asset-Liability Management (ALM) hedging programs. At times, this role may require moderate amounts of programming in Python and SQL. You will additionally work with the R&D engineering team in extending and building out the capabilities of the ALM platform.

We began a multi-year effort within Investment Management to update and overhaul our Asset-Liability Management (ALM) analytics platform. The effort entails updating and migrating the models and analytics to a cloud-based platform in order to maximize efficiency, scale, and performance. To achieve these goals, we are seeking qualified candidates with strong programming skills and trading desk operations experience to join our Quantitative Research and Development (R&D) team. Within R&D, you will have numerous opportunities to learn, develop, and apply new skills and technologies as result of our continually evolving business and market environments. Our relatively flat and collaborative structure within Investment Management will encourage and provide you with direct access to our senior leadership team.

Responsibilities

  • Provide and ensure operations coverage and business continuity at all times in support of the Annuities, Macro Equity, and Foreign Exchange hedging programs

  • Modify and enhance production processes to improve performance while minimize operational downtime

  • Liaise and collaborate with stakeholders to provide reporting and analytics

  • Collaborate with colleagues in other areas of MassMutual to audit and validate models, controls, and processes

  • Troubleshoot and patch application and platform issues

  • Provide research and development support as-needed

Skills and qualifications

  • Strong understanding of currency, equity, and interest rate derivatives and their use in asset liability management

  • Degree in math, statistics, computer science, quantitative finance, or engineering

  • Moderate understanding of life insurance and annuity products

  • Programming proficiency in Python, SQL, and VBA

  • 5+ years of relevant work experience

  • Strong communications skills

Preferred qualifications

  • Experience in a trading desk operations setting in investment department

  • Familiarity with insurance company fixed income asset-liability management principles

  • Graduate degree from top tier school

  • CFA/FSA/FRM

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