Market Risk and Derivatives Analyst

Penn MutualDavis, Pennsylvania

$95,000 - $100,000 / year

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

Hybrid remote

Compensation

$95,000-$100,000/year

Benefits

Life Insurance

Job Description

Job Description:

Penn Mutual Asset Management. LLC (“PMAM”) is a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company. PMAM is committed to serving the institutional marketplace by offering fixed income investment solutions. We tailor our proven approach to generate solid risk-adjusted returns that result in consistent earnings, while balancing the need for capital preservation to achievethe desiredstrategy and goals. With over$44billionin assets under management as ofFebruary 28,2026, we are fixed-income specialists, dedicated to creating value through a prudent,thoughtfuland rigorous investment decision-making process.

We are looking for a Market Risk and Derivatives Analyst to come join our team. This role will apply advanced quantitative, analytical, and technical skills to support and enhance insurance hedging, derivatives, and market risk management programs. You will be responsible fordeveloping code using Python and R, as well as trading under. In this role you will also partner closely with portfolio managersand portfolio analytics teamto design, implement, evaluate, and continuously improve risk mitigation and investment strategies using data-driven insights.

We are looking for a highly motivated individual with a strong quantitative background, a genuine interest in investments, and intellectual curiosity. Ideal candidates will bring sharp analytical skills, a collaborative mindset, great attention to detail, and a strong eagerness to learn about financial markets, derivatives, andfixed incomeinvestment strategies.

Candidate Note: For this position, you willbe requiredto work onsite in our Conshohocken office atleast three dayseach week.

Responsibilities:

Apply quantitative and analytical skills to support,maintain, and enhance insurance hedging and risk management programs; analyze hedge effectiveness, attribution, and outcomes to inform decision-making.

Leverage programming, data engineering, and emerging AI tools to automate analytics, integrate datasets, improve data quality, and streamline investment and risk workflows.

Execute and support trades across derivatives (interest rate, equity, inflation) and fixed income instruments while adhering toestablishedrisk, compliance, and execution standards.

Develop and apply an understanding of macroeconomic trends, monetary and fiscal policy, and market structure toprovidequantitative insights that support portfolio construction and risk positioning.

Contribute to idea generation by staying current on life insurance industry trends, investment strategies, and risk management approaches;identifyopportunities in financial markets to improve the risk/reward profile of derivatives andfixed incomeportfolios.

Translate complex data into clear, actionable insights; conduct quantitative analysis including stress testing, scenario analysis, Monte Carlo simulations,VaR, sensitivity analysis, and derivative risk modeling to support investment decisions.

Produce standard and ad hoc risk and performance reports tailoredfordiverse audiences, ensuring accuracy, relevance, andtimelydelivery.

Skills & Abilities:

Experience applying quantitative or analytical skills in financial services, investments, risk management, data science, or related roles

Proficiencyin Python and/or R with the ability to design, implement, andmaintainanalytical models and scalable code in a production environment.

Strong foundationin Financial Mathematics, including derivative pricing theory and practical applications

Solid knowledge of modeling techniques such as Monte Carlo simulation, sensitivity analysis,historical back test, and risk analytics

Excellent written and verbal communication skills

Ability to thrive in a fast-paced, high-energy environment and collaborate effectively in a team setting

Strong desireto pursue and deepen knowledge of financial markets and investments

Candidate should have passed the FINRA Series 3exam, orbe able to do so within the first three months of starting the role.

Insurance products knowledge

CFA candidates

Monitor AI tool usage andimpact

Education & Experience:

MastersDegree in Mathematics, Statistics, or quantitative/science/engineering disciplinesor3-5 years of work experience in a related field

Base Salary Range - $95,000-$100,000

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visitwww.pennmutual.com.

Penn Mutual is committed toEqual Employment Opportunity(EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.

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FAQs About Market Risk and Derivatives Analyst Jobs at Penn Mutual

What is the work location for this position at Penn Mutual?

This job at Penn Mutual is located in Davis, Pennsylvania, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Penn Mutual?

Candidates can expect a pay range of $95,000 and $100,000 per year.

What employment applies to this position at Penn Mutual?

Penn Mutual lists this role as a Full-time position.

What experience level is required for this role at Penn Mutual?

Penn Mutual is looking for a candidate with "Senior-level" experience level.

What benefits are offered by Penn Mutual for this role?

Penn Mutual offers Life Insurance for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at Penn Mutual?

You can apply for this role at Penn Mutual either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.