Sr. Quantitative Derivatives Lead

Date: Jun 28, 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:  is not available for this opportunity.


Requisition #: 73305


The Role at a Glance

We are excited to bring on a motivated Sr. Quantitative Derivatives Lead to our Market Risk Management (MRM) team. In this role, you will be responsible for the development, maintenance, and analysis of models for Lincoln’s General Account assets. You will be involved in maintaining and improving the existing internal credit risk projection system, as well as prototyping and implementing quantitative and analytical tools for risk mitigation, financial planning, and other investment purposes such as single asset allocation (SAA). Additionally, you will develop other in-house models upon request.

What you'll be doing

1. Maintain and Improve the Internal Credit Risk Projection System

  • Thoroughly understand and digest the system, including the underlying mathematics.
  • Investigate mathematical methodologies to improve accuracy and runtime.
  • Collaborate with other teams on assumption modeling and manage updates from both external and internal sources.
  • Oversee the inputs and outputs of the system, working with IT to enhance the production system’s workflow.
  • Handle ad-hoc analytical requests by performing runs on AWS, delivering analytical results, and providing explanations.
  • Implement new features requested by other teams.

2. Collaborate on Research Topics Related to General Account Asset Management

  • Brainstorm with senior members to generate innovative ideas and solutions.
  • Build ad-hoc tools for research ideas and implement prototype models using Python, translating mathematical concepts into code within a limited timeframe.
  • Analyze results and provide conclusions and explanations.

3. Develop Other In-House Models Upon Request

  • Fixed income asset projection along with rates projection.
  • Scenario generation.
  • Asset and liability modeling for annuity and life insurance products.
  • Hedging strategy research.


What we’re looking for

Must Have:

  • Bachelor’s degree in Mathematics, Physics, Engineering, or Finance.
  • Solid background in mathematics and statistics.
  • Strong coding skills in Python or any other programming language.
  • Familiarity with databases and data visualization.
  • Strong communication skills.
  • Curiosity and passion for research.

Nice to Have:

  • Master’s or Ph.D. degree.
  • Previous experience in credit risk modeling.
  • Familiarity with AI/ML.


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


Pay Range: $67,000 - $120,700 


Actual base pay could vary 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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