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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 a real impact on risk management strategies.
- Qualifications: 5+ years in equity derivatives trading and strong analytical skills required.
- Other info: Collaborate with tech teams to innovate risk management capabilities.
The predicted salary is between 72000 - 108000 £ 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.
- 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 London employer: Millennium Management
Contact Detail:
Millennium Management Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager - Equity Vol. in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in 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 risk management frameworks and how you've tackled challenges in previous roles.
✨Tip Number 3
Showcase your leadership abilities! If you’ve led teams or projects, make sure to highlight these experiences during interviews. We want to see how you can drive initiatives and manage risks effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Risk Manager - Equity Vol. in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Manager role. Highlight your experience with equity derivatives and any relevant analytical skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your experience can help us drive our risk management framework. Keep it engaging and relevant!
Showcase Your Leadership Skills: Since this role involves leading a small team, don’t forget to mention your leadership experience. Share examples of how you've successfully managed teams or projects in fast-paced environments. We love seeing that proactive spirit!
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. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Millennium Management
✨Know Your Equity Derivatives
Make sure you brush up on your knowledge of equity derivatives, especially options, variance swaps, and VIX derivatives. Be prepared to discuss your past trading experiences and how they relate to the role. This will show that you understand the complexities of the products you'll be managing.
✨Demonstrate Analytical Skills
Since strong analytical skills are crucial for this position, come ready to showcase your quantitative abilities. You might be asked to solve a problem or analyse a scenario during the interview, so practice explaining your thought process clearly and concisely.
✨Showcase Leadership Experience
As the role involves leading a small team, be prepared to share examples of your leadership experience. Discuss how you've managed teams in fast-paced environments and how you’ve successfully communicated with stakeholders. This will highlight your ability to lead effectively.
✨Engage with Technology
Given the collaboration with technology groups, it’s beneficial to demonstrate your familiarity with programming, particularly Python. If you have experience developing risk management tools or models, be sure to mention these projects to illustrate your technical capabilities.
