Risk / P&L Analyst

BHFT

4d•Remote

About The Position

BHFT is a proprietary algorithmic trading firm that manages the full trading cycle, from software development to creating and coding strategies and algorithms. Our trading operations cover key exchanges across a broad range of asset classes, including equities, equity derivatives, options, commodity futures, and rates futures. We employ a diverse and growing array of algorithmic trading strategies, utilizing both High-Frequency Trading (HFT) and Medium-Frequency Trading (MFT) approaches, and are expanding into new markets and products. As a dynamic company, we continuously experiment with new markets, tools, and technologies. We have a team of over 200 professionals, with a strong emphasis on technology, where 70% are technical specialists in development, infrastructure, testing, and analytics spheres. The remaining part of the team supports our business operations, such as Risks, Compliance, Legal, and Operations. Our employees are located globally, and although we maintain office spaces, we currently operate as a 100% remote organization. At BHFT, clarity and transparency are at the core of our culture, valuing open communication and straightforward processes.

Requirements

Strong proficiency in Value at Risk (VaR) methodologies and risk system management.
Hands-on experience with futures margining (especially SPAN), FCM reconciliation, and margin optimization tools.
Practical understanding of futures markets, including spreads and basis trading.
Solid knowledge of listed options Greeks and equity portfolio risk.
4+ years of relevant experience in risk or P&L at a prop trading firm, hedge fund, or futures clearing organization.
Advanced Excel skills.
Bachelor’s degree or higher in Finance, Mathematics, Statistics, Engineering, or a related quantitative field.

Nice To Haves

Python or SQL experience is a plus.
CFA or FRM is preferred but not required.

Responsibilities

Risk Management Tasks: Run and maintain the firm’s VaR and risk systems daily. Ensure all positions and strategies are accurately captured, priced, and reflected in the risk engine. Monitor trading exposures in real time against the firm’s risk limits (position size, margin, and concentration). Identify and escalate potential breaches promptly. Reconcile daily margin requirements against FCM statements and calls. Run what-if scenarios across exchanges and FCMs to optimize margin usage, reduce capital requirements, and identify efficiencies. Execute daily stress tests and scenario analyses. Identify and investigate outliers, data issues, or unexpected spikes in VaR or risk metrics. Own the resolution of technical or pricing problems within the risk and margin systems and escalate persistent issues.
P&L Attribution Tasks: Produce daily P&L reports broken down by strategy. Provide clear attribution and trend analysis (daily, week-to-date, and month-to-date performance). Deliver factual explanations of P&L fluctuations, linking results to market events, strategy behavior, and execution factors.
Liquidity & Valuation Tasks: Run the daily liquidity reserve model to assess bid/ask costs for exiting positions. Apply liquidity reserves to valuations to produce realistic P&L figures.
Reporting & Communication: Prepare and distribute clear daily risk reports to the Head of Risk and senior management, covering VaR, key exposures, margin utilization, and limit status. Communicate daily P&L results, attribution details, and performance trends (daily / WTD / MTD) to traders and senior management. Explain the impact of liquidity reserves on P&L and present both raw and reserve-adjusted P&L figures. Conduct regular reviews with traders on risk positioning, proactively flag elevated risks or limit concerns, and discuss stress test results and margin optimization opportunities.