Sr. Quantitative Derivatives Associate, Quantitative Risk Modeling - Market Risk Management

Date: Jul 2, 2024

Primary Location: Radnor, PA, US

Company: Lincoln Financial

Alternate Locations: Radnor, PA (Pennsylvania)


Work Arrangement:

Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.


Relocation assistance:  will be considered/provided for this opportunity within our company guidelines.


Requisition #: 73308


The Role at a Glance

An opportunity to join the Quantitative Risk Modeling team within Market Risk Management (MRM), that is responsible for the model development, implementation, and analysis within the annuity hedge programs. The Senior Quantitative Derivatives Associate will be involved in developing and maintaining stochastic, analytical, and machine learning models that combine capital market, actuarial, and quantitative finance disciplines to produce data and analytics that support hedging, pricing and valuation for the annuity business. The role will connect the work of this team to other business areas to help various firm wide initiatives including launching new products, understanding/incorporating regulatory changes, and developing new hedging strategies. The candidate is expected to perform and deliver on assignments to mitigate market risk by identifying and reporting on key risks for both variable and indexed annuities.

What you'll be doing

Technical Knowledge

  • Performs operational processes for variable annuities, including stochastic on stochastic projections for future liability greeks calculation and hedging assets/liabilities rebalancing.
  • Maintains and updates first principles reference models for variable annuities cashflows calculation.
  • Performs stochastic and deterministic economic scenarios generation for various internal assets/liabilities projections
  • Develops and implements improvements to MRM’s risk models, workflows, and systems.
  • Supports implementation process of existing and new VA/RILA product designs and features.
  • Performs ad hoc analyses.

Critical Thinking

  • Uses logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions or approaches to resolve issues.

Organizational Effectiveness

  • Identifies and recommends process improvements that significantly reduce workloads or improve quality across the team for his/her assigned area(s) of responsibility. 

Change Management

  • Serves as a resource for organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.


  • Builds and maintains strong relationships with internal clients and or management, finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.

What we’re looking for


  • 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) in Statistics, Mathematics, Hard Science/engineering or Actuarial Science is required.
  • Proficiency in a common programming language: Python, R, Java, C#, VB, C++.
  • 0-2 years of increasing experience in variable annuity market risk management or related field. Knowledge of capital markets and insurance products including but not limited to annuities.
  • Strong analytical, diagnostic and organization skills, ability to communicate to a wide range of technical and non-technical audiences.


  • Masters level or Advanced degree preferred but not required.
  • Working knowledge of capital markets instruments, derivatives models, and valuation techniques.
  • Strong written and verbal communication skills.
  • Proficiency with Excel / VBA
  • Experience working with data and interfacing with databases, either SQL or No-SQL
  • Ability to read C++/C.
  • Ability to handle multiple priorities and adapt to changing priorities as needed.
  • Ability to perform in a fast-paced work environment.
  • Attention to detail

Application Deadline

Applications for this position will be accepted through September 2nd, 2024, subject to earlier closure due to applicant volume.


What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future. 


What’s in it for you:

  • Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.

  • Leadership development and virtual training opportunities

  • PTO/parental leave

  • Competitive 401K and employee benefits

  • Free financial counseling, health coaching and employee assistance program

  • Tuition assistance program

  • A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations

  • Effective productivity/technology tools and training


The pay range for this position is $59,101 - $110,900 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees.  In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual.  Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.


About The Company

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at


Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. 


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Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview.  Please contact Lincoln's fraud team at if you encounter a recruiter or see a job opportunity that seems suspicious.


Additional Information

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.


Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.


Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.


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