Equity Volatility Risk Analyst

Millennium Management LLC; Hong Kong; On-site; HKD 600,000 - 900,000; Full time

Job summary

Millennium Management LLC in Hong Kong seeks an experienced Equity Volatility Risk Analyst to bolster the equity derivatives risk team. You will monitor risk metrics, support VAR and stress testing, and help develop tools with the tech group. Strong analytical and Python capability required.

The role offers exposure to global markets, cross-asset considerations, and opportunities to contribute to model development and risk reporting in a fast-paced trading environment.

Qualifications

• 4+ years of experience in equity derivatives, structuring, trading, or risk.
• Experience with options, variance swaps, VIX derivatives, delta one, or related products.
• Strong quantitative, analytical, and problem-solving abilities.

Responsibilities

• Support the application of the risk management framework across equity derivatives.
• Monitor P&L and help analyze performance drivers.
• Monitor VAR, stress, scenario, and other risk limits; escalate breaches.
• Contribute to regular portfolio risk reporting and capital usage.
• Collaborate with technology teams to improve risk tools and analytics.
• Help build and enhance models to monitor risk and explain P&L drivers across products.

Skills

Interpersonal skills

Analytical ability

Problem solving

Risk management

Tools

Python

Job description

Equity Volatility Risk AnalystAbout MillenniumMillennium 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 TeamWe 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 DoSupport the application of the firm’s risk management framework across equity derivatives productsAssist in monitoring P&L and help analyze and explain performance driversHelp monitor VAR, stress, scenario, and other risk limits, and escalate breaches to senior team members when appropriateContribute to regular portfolio risk reporting and capital usageAssist in identifying concentrations, vulnerabilities, and changing market or event risks across portfoliosMaintain a forward outlook on markets and event risksWork with technology teams to improve and prototype risk tools and analyticsHelp build and enhance models and tools used to monitor risk and explain P&L drivers across productsWhat You Bring4 years+ of experience in equity derivatives, structuring, trading, or riskExposure to products such as options, variance swaps, VIX derivatives, delta one, dividends, funding spread products, or other equity derivatives is helpfulCross-asset exposure across rates, FX, or commodities is a plusStrong interpersonal and communication skills, with the ability to work well with different stakeholdersEagerness to learn from senior team members and develop product and risk expertiseSolid quantitative, analytical, and problem-solving skillsProgramming ability in Python is required