Job Description

Equity Derivatives Lead
As a

Risk Lead for Equity Derivatives

, you will play a key role in Millennium's Risk Management team. Your job will focus on building and improving risk frameworks, developing quantitative models, and ensuring effective risk management for equity derivatives portfolios. You'll work closely with other teams, mentor junior talent, and drive innovation in risk measurement. The candidate should have a degree in a quantitative major: statistics, mathematics, engineering, and professional experience of 8-10 years in a quantitative role in a financial organization, Your responsibilities will include:

Strategic Leadership

Risk Framework:

Help develop the risk framework for equity derivatives, improving metrics, valuation methods, and fixing any issues with risk measurement.

Insights Integration

: Use your understanding of portfolio managers' strategies to improve risk management tools.

Team Collaboration

Cross-Team Work

: Collaborate with technology, risk, portfolio, and business teams to align risk frameworks with company goals.

Tech Integration

: Work with the Technology team to ensure models are accurate and efficient in production systems.

Quantitative Model Development

Research Leadership

: Lead research to create advanced models for risk measurement and valuation.

Framework Optimization

: Build or improve tools to measure risk effectively.

Mentorship and Guidance

Team Development

: Mentor junior team members, encouraging curiosity and responsibility.

Knowledge Sharing

: Share expertise in derivatives, programming, and valuation models to strengthen the team.

Risk Monitoring and Reporting

Strategy Oversight

: Monitor trading strategies to identify and manage risks effectively.

Reporting

: Provide clear insights to senior management for better decision-making.

Continuous Improvement

Innovation

: Update risk metrics and methods to match the complexity of trading activities.

Problem Solving

: Address issues with risk measurement or workflow inefficiencies.

Qualifications and Skills:

Technical Skills

: Strong programming knowledge (Python, SQL, etc.) and quantitative expertise.

Derivatives Knowledge

: Solid understanding of derivatives and valuation models.

Leadership

: Ability to work independently, manage ambiguity, and lead with integrity.

This role combines technical expertise, strategic thinking, and leadership to ensure strong risk management practices for Millennium's equity derivatives portfolios.