Risk Associate - Equity Volatility

Millennium•New York, NY

3d•$160,000 - $250,000•Hybrid

About The Position

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.

Requirements

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
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

Nice To Haves

Cross-asset exposure across rates, FX, or commodities is a plus

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