Senior Quantitative Portfolio Manager

About the role

The Senior Quantitative Portfolio Manager will lead the design, governance and performance of MassMutual's derivatives‑based hedging frameworks, primarily overseeing the Variable Annuity dynamic hedging platform. The role spans equity, interest‑rate and volatility risk management and contributes to multiple liability‑driven portfolios.

Key responsibilities

• Own P&L and risk outcomes for the Variable Annuity hedging program, including dynamic hedging, convexity management and option strategy.
• Design, evolve and govern derivatives‑based hedging strategies across equity, interest‑rate and volatility markets.
• Collaborate with portfolio managers on day‑to‑day hedging operations, equity‑option rebalancing and execution.
• Work with Annuity Products, Enterprise Risk, Corporate Actuarial and the Variable Annuity Risk Committee to align risk, economics and hedge outcomes.
• Partner with Quantitative Research & Development to define modeling, analytics and tooling requirements.

Required profile

• 10+ years of experience in derivatives portfolio management, hedging or financial risk management with focus on interest‑rate and volatility markets.
• Proven ability to manage material financial risk in an insurance, asset‑management or comparable institutional context.
• Strong communication and leadership skills, capable of presenting complex risk topics to senior and non‑specialist audiences.
• Bachelor’s degree in Finance, Mathematics, Economics, Engineering or related field; MBA, MFE or PhD preferred.

Required skills

• Hands‑on experience with Python for analytics, scenario analysis and risk measurement.
• Proficiency in SQL for data extraction and analysis.
• Deep knowledge of interest‑rate and volatility derivatives such as swaps, swaptions, bond forwards, Treasury futures, total‑return swaps and equity derivatives.