Director, General Account Derivatives

The General Account CIO Office (GAO) is looking for a Director to work within its Fixed Income team to help direct and oversee its derivative portfolio. The GAO is responsible for the oversight and management of the General Account (“GA”) portfolio, an approximately $320 billion portfolio to support its retirement product liabilities. The portfolio is invested across public and private fixed income asset classes, commercial mortgages, private equity, real estate equity, and real asset investments. Within the GAO, derivatives activity is used for setting and directing hedging and yield enhancement strategies for the GA across interest rates, currencies, and credit.  This position reports to the Deputy CIO/Head of Fixed Income and is responsible for evaluating new fixed income and derivative strategies, monitoring investment activity, authorizing investment transactions, collateral management, running the FHLB Funding Agreement program, and providing subject matter expertise on capital markets and relative value within derivative asset classes. The position assists the Deputy CIO/Head of Fixed Income for the General Account in executing these responsibilities.

Key Responsibilities and Duties

• Lead all derivative activities including overall strategy, thought leadership, accounting designations, collateral maintenance and staying abreast of industry trends
• Coordinate with Nuveen trading on implementation and maintenance of all derivative strategies
• Coordinate with Accounting to ensure proper accounting treatment of all derivative trades
• Coordinate with Risk Management, Treasury and Actuarial where appropriate
• Monitor investment performance and investment activity of General Account derivatives to measure income and hedging benefits
• Serve as the derivative subject matter expert for the GAO and across the broader TIAA including presentations to senior leadership and board level investment committee.
• Ideal candidate will have experience across a broad set of derivatives in a life insurance framework and an understanding of collateral management, risk and accounting implications across asset classes.
• Lead the strategy and operations of the FHLB funding agreement program
• Participate in all asset allocation and fixed income strategy discussions that help drive performance of the GA
• Participating in product level required solutions to help deliver income outcomes in collaboration with the Asset Allocation Team. 

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
8IC

Qualifications:

Required:

• 5 years of experience in derivatives

Preferred:

• 7+years of experience in derivatives

Related Skills

Asset Allocation, Communication, Data-Based Decision Making, Financial Acumen, Financial Risk Management, Influence, Investment Accounting, Investment Research/Analysis, Investment Strategy Acumen, Market/Industry Dynamics, Portfolio Management, Relationship Management

Anticipated Posting End Date:

2026-05-20

Base Pay Range: $138,000/yr - $160,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.

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The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

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We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

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Email: accessibility.support@tiaa.org

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