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- Tasks: Drive risk management for equity derivatives and develop tools to monitor performance.
- Company: Dynamic financial firm based in London with a focus on equity volatility.
- Benefits: Competitive salary, career growth, and opportunities to lead a team.
- Why this job: Join a fast-paced environment and make impactful decisions in risk management.
- Qualifications: 5+ years in equity derivatives trading and strong analytical skills required.
- Other info: Collaborative culture with a focus on innovation and technology.
The predicted salary is between 48000 - 72000 £ per year.
We are searching for an experienced and dynamic professional to join our Equity Volatility and Funding Arbitrage risk team. In this position, they will be responsible for helping to drive the risk management framework for our equity derivatives portfolios in EMEA, ensuring robust risk controls, and driving initiatives to manage and mitigate risks effectively. The ideal candidate will have a background in trading equity derivatives (including exotics), strong analytical skills, and the ability to lead a small team in a fast-paced, complex trading environment. The position will be based in London with regional responsibilities.
Responsibilities:
- Apply firm-wide risk management methodology for equity derivatives products and develop tools to monitor P&L and explain performance to senior management.
- Interview prospective PMs, conduct risk surveys, suggest risk and capital limits.
- Set and monitor VAR, stress, scenarios and other risk limits; resolve overages; and engage in regular discussions with PMs about their positions and portfolios.
- Conduct regular reviews of existing PMs risk, portfolio, and capital usage. Report to senior management on performance and risk of PMs, including proactive alerting to management regarding vulnerabilities across the portfolio.
- Communicate directly with business management when exposures grow beyond established tolerances.
- Maintain a forward outlook on markets and event risks.
- Collaborate closely with technology groups to develop and prototype new risk capabilities.
- Build and enhance tools and models to manage risks across and explain P&L drivers across products in area of coverage.
Qualifications:
- 5+ years of equity derivatives trading experience; including options, variance swaps and VIX derivatives, and exotics.
- 5+ years of equity derivatives/delta 1 trading experience; potentially including at dividends, funding spread, options, variance swaps and VIX derivatives, and exotics.
- Cross asset experience including rates, FX and commodity derivatives preferred.
- Strong interpersonal skills, with the ability to communicate effectively with stakeholders throughout the firm.
- Proven leadership and team management responsibilities.
- Strong quantitative, analytical, and statistical analysis skills.
- Programming skills are a plus; preferred language is Python.
Risk Manager - Equity Vol in City of London employer: Millennium Management LLC
Contact Detail:
Millennium Management LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager - Equity Vol in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work with equity derivatives. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and market knowledge. Be ready to discuss your experience with equity derivatives and how you've managed risks in past roles. We want to see your analytical prowess in action!
✨Tip Number 3
Showcase your leadership skills! If you’ve led teams or projects, make sure to highlight these experiences during interviews. We love candidates who can inspire and guide others in a fast-paced environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who are eager to join our dynamic team.
We think you need these skills to ace Risk Manager - Equity Vol in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your background in equity derivatives and any relevant trading experience to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for the Risk Manager role. Share your passion for risk management and how your analytical skills can contribute to our team’s success.
Showcase Your Leadership Skills: Since this role involves leading a small team, don’t forget to mention your leadership experiences. Give examples of how you've successfully managed teams or projects in fast-paced environments.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Millennium Management LLC
✨Know Your Risk Management Framework
Make sure you understand the risk management methodologies used in equity derivatives. Brush up on how to apply these frameworks and be ready to discuss specific tools you've developed or used to monitor P&L and performance.
✨Showcase Your Analytical Skills
Prepare to demonstrate your strong analytical abilities. Bring examples of how you've conducted risk surveys, set VAR limits, or resolved overages in previous roles. Be ready to explain your thought process and the outcomes of your decisions.
✨Communicate Effectively
Since this role involves liaising with various stakeholders, practice articulating complex ideas clearly and concisely. Think about how you would communicate vulnerabilities in a portfolio to senior management and prepare some scenarios to discuss.
✨Highlight Leadership Experience
As a potential leader in a fast-paced environment, be prepared to talk about your team management experience. Share specific instances where you've led a team through challenges, especially in trading environments, and how you fostered collaboration.
