Risk Associate - Equity Volatility

About the role

We are searching for an experienced and dynamic professional to join our Equity Volatility risk team. The position will be based in London or New York and involves driving the risk management framework for our equity derivatives portfolios, ensuring robust risk controls, and managing and mitigating risks effectively in a fast-paced, complex trading environment.

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
• 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

Pay

The estimated base salary range for this position is $160,000 to $250,000 (specific to New York). Millennium offers a total compensation package that includes a base salary, discretionary performance bonus, and a comprehensive benefits package. The final offer considers an individual’s experience level and qualifications.