Job Title:  Derivatives Trader

Job ID:  80321

Location:  Minneapolis, MN

 

Responsibilities:

This position is responsible for executing derivative trades for a large variable annuity portfolio as well as other risk management programs. Incumbent will build relationships with dealers and articulate the impact of hedging strategies in the market.   This position reports to the Head of Trading of Columbia Management Investment Advisers, LLC.

Accountabilities:

- Execute equity and interest rate hedges, going to market with a disciplined approach and in compliance with internal and external guidelines and best practices.

- Manage relationships with Dealers to ensure appropriate infrastructure for the relationship, as well as checking for accuracy and timeliness of attestations of value.

- Explain daily business results of investment actions for products reliant on owned assets portfolios, including the vanilla option book

- As a provider of trading services, develop a framework for communicating to product and portfolio owners the impact of basket options in portfolios

- Prepare briefings and incorporate trends and perspectives into timely and actionable recommendations for the Finance team, based on your observations of the market.

Qualifications:

-  Minimum of five years experience with equity index option market, including exposure to basket options and variance swaps;

 

-  Experience trading for an Insurance group preferred

 

-  Preferred degree in quantitative-related discipline such as Mathematics, Statistics, Finance, Engineering or Physics;

 

-  Evidence of analytical skills needed to create robust recommendations for technical strategies using financial instruments;

 

-  Communication skills to articulate recommended strategies to Finance professionals, ensuring full understanding of implications and risk;

 

-  Relationship-building skills that engender productive and appropriate interactions with dealers, Ameriprise staff groups, Finance and investment management.

 

-  Professional trading certifications preferred, such as Chartered Market Technician.

 

Apply online via the company website at http://joinameriprise.com/careers and refer to job ID: 80321

 

 

About Ameriprise Financial Inc.

 

You give more, you want more

 

You've worked hard and now you're looking for a career that's as rewarding as it is challenging. Ameriprise Financial is a great place to find just that. With our corporate headquarters in Minneapolis and offices nationwide, we're America's largest financial

planning company¹ yet we're also a supportive nationwide family of financial professionals. We're proud to be ranked as one of the "Best Places to Launch a Career" by BusinessWeek magazine.²

 

You provide the initiative; we provide the support to help you succeed. Thrive in our diverse and inclusive environment with award-winning training,³ career development and 360° support guided by accessible leaders.  If you're talented, driven, and ready to join a

team of professionals who work every day to help their clients plan for and achieve their dreams, you're ready for a career at Ameriprise Financial. 

 

On May 1, 2010, Ameriprise Financial closed on the transaction to acquire the long-term asset management business of Columbia Management from the Bank of America. The combined U.S. Asset Management business has approximately $435 billion in managed assets, and it will rank as the eight-largest manager of long-term mutual funds in the U.S. With the acquisition, Ameriprise has approximately $652 billion in total owned, managed and administered assets.

 

As a result, our U.S. Asset Management business will operate in multiple locations primarily in Boston and Minneapolis, and will operate under the well-established Columbia Management brand.

 

Ameriprise Financial is an equal opportunity employer.

 

¹ Based on the number of financial plans annually disclosed in Form ADV, Part 1A, Item 5, available at adviserinfo.sec.gov as of Dec. 31, 2008, and the number of CFP® professionals documented by the Certified Financial Planner Board of Standards, Inc.

² BusinessWeek magazine, September 4, 2008.

³ DALBAR Financial Intermediary Post-Sale Service Award 2007.