Risk Associate - Equity Volatility
We are searching for an experienced and dynamic professional to join our Equity Volatility risk team. In this position, they will be responsible for helping to drive the risk management framework for our equity derivatives portfolios in EMEA or New York, ensuring robust risk controls, and driving initiatives to manage and mitigate risks effectively. The ideal candidate will have a background in trading equity derivatives, risk management, or derivatives structuring with strong analytical skills, and work in a fast-paced, complex trading environment. The position will be based in London or New York.
Responsibilities
- Support the application of the firm’s risk management framework across equity derivatives products
- Assist in monitoring P&L and help analyze and explain performance drivers
- Help monitor VAR, stress, scenario, and other risk limits, and escalate breaches to senior team members when appropriate
- Contribute to regular portfolio risk reporting and capital usage
- Assist in identifying concentrations, vulnerabilities, and changing market or event risks across portfolios
- Maintain a forward outlook on markets and event risks
- Work with technology teams to improve and prototype risk tools and analytics
- Help build and enhance models and tools used to monitor risk and explain P&L drivers across products
Qualifications
- 4 years+ of experience in equity derivatives, structuring, trading, or risk
- Exposure to products such as options, variance swaps, VIX derivatives, delta one, dividends, funding spread products, or other equity derivatives is helpful
- Cross-asset exposure across rates, FX, or commodities is a plus
- Strong interpersonal and communication skills, with the ability to work well with different stakeholders
- Eagerness to learn from senior team members and develop product and risk expertise
- Solid quantitative, analytical, and problem-solving skills
- Programming ability in Python is required
The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.