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About the Role

The Derivative Oversight Manager is responsible for ensuring the accuracy, integrity, and transparency of derivative valuations, risk reporting, and performance attribution. This role provides independent oversight of derivative positions by validating pricing, monitoring risk exposures, and analysing performance drivers. The role holder collaborates with trading, portfolio management, risk, operations, and external service providers to ensure derivative activity is measured, controlled, and clearly explained, supporting informed investment decisions and robust governance.

Responsibilities

Validate and oversee the valuation of derivative instruments, ensuring pricing accuracy, consistency, and appropriate challenge.
Investigate and resolve valuation discrepancies in partnership with internal stakeholders, counterparties, and external service providers.
Monitor, analyse, and report key risk metrics associated with derivative positions.
Perform hedge effectiveness and performance attribution analysis to explain profit and loss impacts arising from derivative strategies.
Provide clear insight into the drivers of derivative performance.
Partner with trading, portfolio managers, and risk teams to ensure positions remain within defined risk limits, mandates, and governance standards.
Support compliance with internal governance standards, accounting policies, and relevant regulatory requirements.
Contribute to the development and enhancement of valuation models, methodologies, controls, and oversight frameworks.
Support audit activity by maintaining clear documentation and delivering reporting related to derivative valuations and controls.
Work closely with the Derivative Manager to ensure reporting is accurate.

Requirements

Bachelor’s degree in a quantitative or analytical discipline such as Mathematics, Economics, Engineering, Finance, or Data Science.
Minimum 8+ years of relevant experience in derivatives within insurance, asset management, investment banking, or a similar quantitative environment.
Strong understanding of derivatives and investment control frameworks, with practical experience across the design, execution, modelling, or oversight of derivative strategies.
Strong analytical and modelling capability, including advanced Excel and experience with Python and/or SQL (or equivalent tools) to automate and scale analysis.
Proficiency with market data platforms such as Bloomberg, with the ability to source, interpret, and validate market and security data.
Working knowledge of investment management and/or modelling systems, for example Aladdin.
Strong analytical, problem-solving, and stakeholder management skills, with the ability to manage deliverables end to end and prioritise effectively.
Strong stakeholder influence, with the credibility to work constructively across investment, risk, operations, and external partners.
Clear and concise communication skills, with the ability to explain technical issues to both specialist and non-specialist audiences.
Sound judgement and professional integrity when handling sensitive issues, exceptions, and control matters.
Strong sense of ownership and accountability, with the ability to manage priorities and deliver to deadlines.
Continuous improvement mindset, with an interest in enhancing processes, controls, and analytical capability.
Working knowledge of derivative management system (e.g. Murex / Numerix etc).
CFA and/or actuarial qualification or equivalent, either completed or in progress.

Skills

Derivatives
Valuation
Risk Reporting
Performance Attribution
Pricing
Risk Exposures
Hedge Effectiveness
Profit and Loss Analysis
Excel
Python
SQL
Bloomberg
Aladdin
Stakeholder Management
Communication
Judgement
Accountability
Murex
Numerix
CFA
Actuarial
Customer Focused
Critical Thinking
Team Mentality
Business Acumen
Learning Agility

Experience Level

Minimum 8+ years

Education Level

Bachelor’s degree in a quantitative or analytical discipline
CFA and/or actuarial qualification or equivalent, either completed or in progress.