Director - Structured Derivatives & Capital Markets

Assist the Head of Financial Engineering in the management of team mandates, ensuring effective utilization of resources and adherence to strategic goals. Own the end‑to‑end implementation of derivatives programmes across local, regional levels, from structuring and pricing through execution, monitoring, and lifecycle management. Design, enhance, and maintain derivatives pricing, analytics tools, and structured payoffs, ensuring robustness, documentation, and calibration governance. Lead the development of market and risk monitoring dashboards, providing timely and actionable insights on rates, credit spreads, volatility, equity factors, and counterparty risk. Coordinate the full non‑cleared derivatives value chain, ensuring alignment between Legal, Middle Office, Treasury Operations, Risk, Custodian, and external counterparties. Provide senior oversight of initial and variation margin frameworks, ensuring appropriate collateral standards, operational alignment, and effective issue resolution across stakeholders. Support and lead discussions on initial margin frameworks, clearing versus non‑clearing choices, custodial arrangements, and regulatory thresholds. Contribute to governance and analytical oversight of complex asset classes adjacent to derivatives, including CLOs, asset‑backed investments, and mortgage programmes. Strengthen analytics, reporting, and benchmarking frameworks across asset classes, supporting informed investment and risk decisions.

Zurich is a leading multi-line insurer, serving over 82 million customers in more than 200 countries and territories with more than 65,000 employees. For over 150 years, Zurich has been transforming insurance – offering not just protection, but also prevention services that promote well-being and climate resilience. Guided by our purpose to ‘create a brighter future together,’ we aim to be one of the most responsible and impactful businesses in the world.

• Master’s degree in mathematics, Physics, Quantitative Finance, Financial Engineering or Economics with a strong quantitative focus

• Minimum of 10 years’ experience in derivatives and capital markets, gained in front‑office investment or structuring roles within asset management, insurance investment management, or investment banking, with exposure to complex OTC derivatives, structured products, and pricing models.

• Experience with other investment areas beyond derivatives (e.g. fixed income, structured credit, or mortgage‑related investments) is considered a strong advantage

• Deep hands‑on experience designing and validating pricing models and risk analytics for OTC derivatives (rates, credit, options, structured payoffs).

• Strong capability in building investment decision and monitoring tools, including stress testing, scenario analysis, and back‑testing under real‑world constraints.

• Proven ability to translate complex quantitative concepts into clear, decision‑ready outputs for senior stakeholders.

• Demonstrated experience managing non‑cleared derivatives frameworks, including documentation, margining, collateral eligibility, and operational coordination.

• Track record of designing, improving, and governing end‑to‑end derivatives processes in a regulated environment.

• Strong understanding of regulatory requirements (FINMA / equivalent), and experience leading or supporting their implementation at Group level.

• Ability to operate effectively at Director / senior expert level, influencing outcomes without formal authority.

• Proven strength in coordinating across multiple internal functions and external counterparties.

• High standard of written documentation suitable for governance, audit, and regulatory review.