Pension Insurance Corporation is recruiting this spring for a Quant Strategist, who will be responsible for developing, maintaining, and enhancing the key quantitative models within the ALM team at Pension Insurance Corporation. This includes the hedging infrastructure and the portfolio optimization tools used within the team.

The ALM team comprises individuals with varied investment backgrounds (Portfolio Managers, Quants, Actuaries and Consultants) and the Quant Strategist will be relied upon to develop and enhance the team’s quantitative models. Quant Strategist will be closely working with other ALM teams to risk manage the business, drive transactions, and identify market opportunities.

The ALM team is at the core of our business, and generates value through the management and optimisation of assets versus liabilities. The team seeks to optimise PIC’s investment strategy given our purpose, to pay the pensions of our policyholders, and our regulatory obligations.

Key responsibilities:

• Build, enhance and maintain the team’s models and systems that are used for the management of PIC’s balance sheet.
• Collaborate closely with other members of the ALM team to perform quantitative analysis.
• Build/implement new tools for the wider investment team and provide technical support in asset selection and risk monitoring.
• Work closely with IT to understand the company’s wider modelling infrastructure and identify and utilise synergies.
• Be part of the team responsible for the ongoing build-out of a market leading quant ALM platform.

Requirements

Essential:

• Strong programming skills in Python/MATLAB
• Strong analytical and problem-solving skills
• Strong knowledge of fixed income products and derivatives. Knowledge of LDI would be a plus.
• Intellectual curiosity for learning new skills and expanding knowledge of asset classes.

Desirable:

• Previous experience in creating/validating pricing and risk models in an enterprise analytical platform
• Good understanding of Defined Benefit pension schemes and/or Solvency II for Life Insurers
• Front-Office experience working in a fast-paced environment.
• Good understanding of API/SQL/databases.

Benefits

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. At yearend 2022, PIC had insured 302,200 pension scheme members and had £41 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of UK defined benefit pension schemes.

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you’ll get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, support to undertake professional qualifications and much more.

This role offers hybrid working, and we are open to discussing flexible working arrangements too.