Director, investments, derivatives management and trading (hybrid)

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition.

This role is required to maintain a presence in our corporate headquarters in Madison, WI. Strong preference for candidates in the Madison area or for those who are open to relocation.

Job Purpose:

This position is accountable for the derivatives management function supporting the firm’s insurance general account, with derivative trading and execution serving as a core component of the role. The position has a primary responsibility for RILA hedging and broader enterprise risk management including interest rate, foreign exchange, and other derivative strategies. The Director partners closely with Asset Liability Management (ALM) and Product teams to design, implement, and continuously refine hedging strategies aligned with liability profiles, product features, capital objectives, and enterprise risk tolerances.

Job Responsibilities:

• Communicates Effectively: Clearly communicates complex derivative strategies, hedge performance, and balance sheet impacts to senior leadership, ALM, Product, portfolio managers, and risk committees. Demonstrates strong executive presence in ALCO, product strategy discussions, and other investment related committees. Represents the firm externally with counterparties, industry groups, and market participants.
• Ensures Accountability: Responsible for execution of derivative strategies with strong attention to detail, risk discipline, and operational accuracy. Accountable for successful design and implementation of hedging programs, particularly RILA-focused strategies, as well as interest rate, FX, and broader derivative applications.
• Learning: Maintains expert-level knowledge of global derivative markets, structured products, and insurance hedging techniques. Acts as a thought leader, bringing external insights, innovations, and emerging trends into the organization.
• Fosters Inclusion: Promotes a culture of collaboration across trading, ALM, Product, actuarial, portfolio management, risk, and operations teams. Serves as a culture ambassador for TruStage Investment Management.
• Customer Focus: Manage relationship with ALM and Product teams to align derivative strategies with liability structures and product features, particularly for RILA offerings.
• Leadership: Guides and mentors derivatives traders and analysts. Builds organizational capability in derivatives strategy, execution, and innovation.

Core Functional Responsibilities:

• Lead design, execution, and governance of derivative strategies in close partnership with ALM and Product, including: RILA hedging programs (primary focus; options-based strategies supporting buffers, caps, GLWBs, and crediting structures).
• Interest rate risk management (swaps, swaptions, futures, Treasury derivatives aligned with liability sensitivities).
• Foreign exchange hedging for global asset exposures.
• Additional derivative strategies supporting liquidity management, spread risk, capital optimization, and tactical positioning.

Job Requirements:

• Graduate degree preferred (Finance, Economics, Engineering, or related field).
• 12+ years direct work experience in derivatives trading, insurance asset management, ALM, or related functions.
• Deep expertise across derivatives instruments including options, swaps, futures, and structured hedging strategies.
• Strong knowledge of insurance balance sheet management, with experience supporting RILA or similar products strongly preferred.
• Demonstrated experience partnering with ALM, Product, and actuarial teams.

If you’re ready to help make a difference, apply today. A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool. This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward. Candidates may choose to opt out of this process.