Hedging Specialist

You will receive

  • Opportunity to play an important role in driving change within our business
  • Plenty of opportunities to develop yourself
  • A work environment that is characterized by an professional atmosphere, collegiality and open communication

You will bring with you

  • At least one year of relevant working experience
  • Knowledge of SQL or Power BI to derive data for analysis
  • Good command of spoken and written English

Hedging Specialist

 

Hedging Solutions is responsible for the calculation of the risk profile of several portfolios of guaranteed investment products and the subsequent neutralization of the risks in the financial markets. With one small team, we oversee both ‘run’ and ‘change’ related to hedging in NN Re. We calculate and execute the hedge adjustments, adapt valuation and sensitivity models, check and cleanse inputs, collaborate with (market) data providers and business units, report and explain the financial results and hedge effectiveness and run and adjust the proprietary Atlantis system. Recently we started the migration of Atlantis to Azure cloud. Hedging Solutions applies the Agile WoW! (Way of Working).

 

Your added value as Hedging Specialist at NNRE

With the Hedging Solutions team we currently have an opening for a Hedging Specialist. In this role you will be responsible for maintaining and executing our hedging processes. Using our state-of-the-art, in-house build system you determine the risk profile of the reinsured guaranteed investment books. You compare these risks with the existing (hedge) asset positions and will often need to adjust these positions to optimize the hedge. The main hedge instruments are Equity Futures, FX Forwards, Interest Rate Swaps as well as FX and Equity Options. Given the significant financial impact of the hedging process, you are very diligent and vigilant in execution and control. You are also eager to apply your process improvement and quantitative skills to continuous improvement of the hedging process. You are a professional that accepts responsibility and is a team player.

 

The objectives on the agenda

As a specialist in your field of expertise, you like to achieve good results:

  • Prepare and execute the daily hedging process, report the results and explain the movements
  • Support stakeholders and data providers, monitor and improve data quality and other controls
  • Analyze and improve the data architecture, proactively look for process improvements

 

We care

As an experienced professional, you strive for continuous development. We offer extensive development opportunities and a pleasant working environment. We offer you:

  • On-the-job training and vocational training via our Learning & Development Centre.
  • A comprehensive network of national and international professionals.
  • Industry specific conferences (both in the Netherlands and across the border).

NN Re is the Reinsurance and Hedging company of NN Group. Within a dynamic organization of around 60 people from almost 25 different counties, it offers the best of both worlds: exposure to large and complex financial solutions, but within a small, start-up alike company. In its capacity of the internal reinsurance entity of NN Group, NN Re supports sister-companies and Head Office by mitigating insurance and market risks. Within NN Re, part of the absorbed risks also need to be mitigated. This can be done by further reinsurance (retro-session) or through other mitigating techniques like hedging.Click on the link below to meet your new colleagues and hear them share some of their experiences:

 

Our purpose

We make our financial services relevant and more personal. You help us go above and beyond when providing the very best service. We believe in the importance of customer satisfaction and consistently serving our customers to the best of our abilities. They are the core of our company values and our most important motivator. As a company, we have set up a number of subsidiaries as we have grown: NN, NN Investment Partners, Nationale-Nederlanden, OHRA, ABN AMRO Insurance, BeFrank, Zicht, AZL and Movir.

Clear conditions

At every stage of your career employment conditions play a significant role. Therefore, we are financially well arranged: you will receive your holiday allowance and 13th month with your salary every month, without restriction and readily available to you. As a [job title], you will work from our office located in The Hague.

 

Critical skills of a Hedging Specialist

  • Knowledge of (pricing) derivatives and strong affinity with financial markets
  • Working in a trading environment dealing with derivatives, either in middle or back office
  • Coding experience in an object oriented programming language, preferably C#
  • Performing (statistical) analysis to explain results and/or improve further hedging
  • Experience with statistical tools like R or Python
  • Experience with using or preparing P&L attribution and Financial reporting
  • Experience with Value at Risk Limit Frameworks

 

Commit to NN

Are you seeking a dynamic position in an organization where you are constantly challenging yourself? Then we would like to meet you. Upload your resume via the apply button.

Do you have any questions about the application process? Please contact Mina Bahaj via +31 (0)6 15066245

Application procedure

Apply

If you are enthusiastic about the job we encourage you to apply online. We will then carefully look at your profile and let you know whether you’ll be invited to an interview within two weeks.

Interviews

We are curious who you are, what motivates you and what you are looking for. But it is just as important that you get to know NN better. We aim for a maximum of two interviews in which you will meet the manager of the department, a direct colleague and a recruiter from NN.

Online assessment

The assessment consists of a personality test, a driver test and an intelligence test. We believe your personal qualities are very important and use this assessment to test whether you meet the NN Mindset. This will be an online test and the results will be shown  immediately.

Offer

Are we both enthusiastic after the interviews and the online assessment? Then we will gladly make you an offer to join NN. Click here for more information about our employment benefits.

Welcome new colleague

Congratulations with your new job! We will now start our onboarding procedure to secure a smooth start at NN.

Feedback?

We realize that applying for a job is an important moment for you. What matters to you, matters to us. That is why, after the application procedure, we invite you via e-mail to let us know how you experienced applying at NN. Thanks to your feedback we can make improvements to the way we work.

Meet our people

Would you like to learn more about working at NN? Read the testimonials and find out!

‘We want to be a leader in Responsible Investing’

Arnoud Diemers

Head of Innovation and Responsible Investing Platform

‘I soon realised that this was a really interesting market for me’

Bregje Roosenboom

Client Portfolio Manager

‘Investment management is about so much more than just investing’

Petra Stassen

Client Portfolio Manager

Related jobs

Inhousedag NN Group - Investments Track

  • NN Group
  • Investment & Asset Management
  • Starters, Students
  • The Hague
  • JobID: 23623

Dit is jouw kans om te ervaren hoe het is om te werken als General Management Trainee bij NN Group! Tijdens onze Inhousedag op woensdag 11 maart laten wij je graag ons hoofdkantoor...

Read more

Inhouseday NN Group Traineeship - Investments Track

  • NN Group
  • Investment & Asset Management
  • Starters, Students
  • The Hague
  • JobID: 23623

This is your chance to experience what it is like to work as an Investments Trainee at NN Group! During our inhouse day on Thursday the 12th of March, we would love to show...

Read more

Hedging Specialist