Equity Volatility Risk Analyst
Millennium Management · Hong Kong · 1mo ago
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
We 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 APAC, 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 ideally based in Hong Kong.
What You'll Do
- Support the application of the firm’s risk management framework across equity derivatives products
- Assist in monitoring P&L and help analyze and explain performance drivers
- Help monitor VAR, stress, scenario, and other risk limits, and escalate breaches to senior team members when appropriate
- Contribute to regular portfolio risk reporting and capital usage
- Assist in identifying concentrations, vulnerabilities, and changing market or event risks across portfolios
- Maintain a forward outlook on markets and event risks
- Work with technology teams to improve and prototype risk tools and analytics
- Help build and enhance models and tools used to monitor risk and explain P&L drivers across products
What You Bring
- 4 years+ of experience in equity derivatives, structuring, trading, or risk
- Exposure to products such as options, variance swaps, VIX derivatives, delta one, dividends, funding spread products, or other equity derivatives is helpful
- Cross-asset exposure across rates, FX, or commodities is a plus
- Strong interpersonal and communication skills, with the ability to work well with different stakeholders
- Eagerness to learn from senior team members and develop product and risk expertise
- Solid quantitative, analytical, and problem-solving skills
- Programming ability in Python is required