Associate Director, Products and Hedging Solutions
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our PathWise Solutions Group (PSG) business group within Aon Reinsurance, in Toronto, Ontario.
As an Associate Director, Products and Hedging Solutions, you will report directly to the Managing Director, Consulting.
This is a hybrid role with the flexibility to work both virtually and from our Toronto office.
Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
- Lead the Daily Hedge Reporting and P&L Analysis Services for Aon’s clients
- Play a key role in developing and implementing innovative hedging and asset management strategies in PathWise to effectively manage complex exposures that combine Actuarial, Financial, and Capital Market risks.
- Develop, maintain, and document sophisticated financial asset and liability models in PathWise to support various investment management and risk management projects.
- Participate in quantitative research projects that support investment decision processes, utilizing quantitative skills, such as time series regressions, optimization, Monte Carlo simulation, and data visualization techniques.
- Develop and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
- Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration and insurance company financial reporting.
- Provide analytical support to portfolio managers, traders, and risk managers on the risk, return and transaction cost / market impact of investment portfolios and strategies.
How this opportunity is different
This position will support the Products and Hedging Solutions services provided by the PathWise Solutions Group (PSG) at Aon.
The core responsibilities include developing and analyzing hedging and asset allocation strategies in the PathWise platform and designing new financial models and processes within the system.
Skills and experience that will lead to success
- Strong analytical and problem solving skills
- 8+ years of experience as a quantitative analyst in an investment management / risk management / hedging / model vetting role
- Master’s degree in a quantitative discipline (Financial Engineering, Mathematical Finance), PhD a plus
- Expert knowledge of financial assets including derivatives and their valuation models
- Expert knowledge of stochastic interest rate and equity models
- Knowledge of statistics, finance and economics
- Strong numerical technique skills in PDE, optimization, time series analysis and Monte-Carlo simulation
- Strong programming skills in Python
- Experience implementing quantitative finance libraries in Python or C++
- Strong communication skills for heavy team and client interactions
- Ability to work well in a fast-paced environment with changing priorities
- Experience working with financial software packages such as Numerix, FinCAD a plus
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work / life balance, ensuring you can be your best self at Aon.
Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging you to take time to focus on yourself.
We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work.
- and we are all for it. We call this Smart Working!
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