Risk Associate - Equity Volatility

Risk Associate - Equity VolatilityWe 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.ResponsibilitiesSupport the application of the firm’s risk management framework across equity derivatives productsAssist in monitoring P&L and help analyze and explain performance driversHelp monitor VAR, stress, scenario, and other risk limits, and escalate breaches to senior team members when appropriateContribute to regular portfolio risk reporting and capital usageAssist in identifying concentrations, vulnerabilities, and changing market or event risks across portfoliosMaintain a forward outlook on markets and event risksWork with technology teams to improve and prototype risk tools and analyticsHelp build and enhance models and tools used to monitor risk and explain P&L drivers across productsQualifications4 years+ of experience in equity derivatives, structuring, trading, or riskExposure to products such as options, variance swaps, VIX derivatives, delta one, dividends, funding spread products, or other equity derivatives is helpfulCross-asset exposure across rates, FX, or commodities is a plusStrong interpersonal and communication skills, with the ability to work well with different stakeholdersEagerness to learn from senior team members and develop product and risk expertiseSolid quantitative, analytical, and problem-solving skillsProgramming ability in Python is requiredThe 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.Recruiter:John TalaricoHiring Manager:Devesh ShahDepartment:Risk Management