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- Tasks: Lead risk management for equity portfolios, focusing on volatility risks and hedging strategies.
- Company: Join a global hedge fund expanding its presence in volatility risk management.
- Benefits: Enjoy competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Be at the forefront of financial innovation, collaborating with top analysts and influencing investment strategies.
- Qualifications: 10+ years in risk management or options trading, with strong skills in Python/SQL and a quantitative degree.
- Other info: This role offers a chance to shape risk strategies in a fast-paced, high-stakes environment.
The predicted salary is between 72000 - 108000 £ per year.
I am looking to speak with experienced Risk Managers with expertise in options, volatility surface construction and volatility hedging strategies for a Global Hedge Fund looking to expand their footprint in Vol for the London office.
Key Responsibilities:
- Lead the identification, measurement, and monitoring of volatility risks within equity portfolios, ensuring that risk exposures are accurately quantified and controlled.
- Provide regular risk assessments, stress testing, and scenario analysis focused on equity volatility.
- Deliver reports to senior management with actionable insights and recommended strategies for risk mitigation.
- Collaborate with quantitative analysts and data scientists to enhance and develop models for volatility forecasting, stress testing, and risk prediction, leveraging cutting-edge tools and techniques.
- Design and implement volatility hedging strategies, including the use of options, derivatives, and other financial instruments, to manage exposure to sudden market shifts or volatility spikes.
- Work closely with portfolio managers to track and monitor equity positions for volatility risks, offering guidance on optimal asset allocation and risk limits.
- Collaborate with other risk teams, including credit and market risk, to provide a holistic view of portfolio risk.
- Serve as a subject matter expert on volatility risk for both internal stakeholders and external auditors.
- Provide strategic advice to senior management and key stakeholders on market conditions and potential impacts on equity volatility, advising on appropriate risk-taking strategies and risk appetite.
Requirements:
- 10+ years of experience at a hedge fund or proprietary trading firm, within a Risk or options trading seat.
- Deep knowledge of Equity derivatives and options.
- Proficiency in Python/SQL.
- Excellent communication skills, with the ability to present detailed analysis and key insights clearly to senior management and the global investment team.
- A degree in a quantitative field such as statistics, mathematics, engineering, financial engineering, or economics (undergraduate or graduate level).
Volatility Risk Manager employer: OCR Alpha
Contact Detail:
OCR Alpha Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Volatility Risk Manager
✨Tip Number 1
Network with professionals in the hedge fund industry, especially those who specialise in volatility risk management. Attend industry conferences or webinars to meet potential colleagues and learn about the latest trends and strategies in volatility hedging.
✨Tip Number 2
Stay updated on market conditions and recent developments in equity derivatives. Follow financial news and subscribe to relevant publications to ensure you can discuss current events and their implications for volatility risk during interviews.
✨Tip Number 3
Prepare to demonstrate your technical skills in Python and SQL during the interview process. Consider working on personal projects or contributing to open-source initiatives that showcase your ability to analyse data and develop models related to volatility forecasting.
✨Tip Number 4
Practice articulating complex risk concepts in a clear and concise manner. Role-play with a friend or mentor to refine your communication skills, ensuring you can effectively present your insights and recommendations to senior management.
We think you need these skills to ace Volatility Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in risk management, particularly in options and volatility. Use specific examples that demonstrate your expertise in equity derivatives and any relevant projects you've worked on.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your 10+ years of experience in hedge funds or proprietary trading firms, and how your skills align with the responsibilities outlined in the job description.
Highlight Technical Skills: Emphasise your proficiency in Python and SQL within your application. Provide examples of how you've used these skills to enhance risk assessment models or develop volatility forecasting tools in previous roles.
Showcase Communication Skills: Since excellent communication is crucial for this role, include instances where you've successfully presented complex analyses to senior management or collaborated with cross-functional teams. This will demonstrate your ability to convey key insights effectively.
How to prepare for a job interview at OCR Alpha
✨Showcase Your Expertise
Make sure to highlight your extensive experience in risk management, particularly with options and volatility. Be prepared to discuss specific projects or strategies you've implemented in the past that demonstrate your deep knowledge of equity derivatives.
✨Prepare for Technical Questions
Expect to face technical questions related to volatility surface construction and hedging strategies. Brush up on your Python and SQL skills, as you may be asked to solve problems or analyse data during the interview.
✨Communicate Clearly
Since excellent communication skills are crucial for this role, practice explaining complex concepts in a straightforward manner. Be ready to present your analysis and insights clearly, as you will need to convey information effectively to senior management.
✨Demonstrate Collaboration Skills
This position requires working closely with various teams, including quantitative analysts and portfolio managers. Prepare examples of how you've successfully collaborated in the past and how you can contribute to a holistic view of portfolio risk.
