Risk Analyst (Equity Derivatives)

Millennium Consulting; Mumbai; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Millennium is seeking an Equity Derivatives Researcher to develop and maintain risk measurement techniques and quantitative frameworks. You will collaborate with technology and risk teams to productionize models and support portfolio managers in understanding strategy risks.

The role requires a quantitative degree and 1–4 years in a similar finance setting, with strong Python/SQL skills and a willingness to explore derivatives valuation methodologies.

Qualifications

• Degree in statistics, mathematics or engineering required.
• 1–4 years in a quantitative role within a financial organization.
• Advanced degree in a quantitative field preferred.
• Strong programming skills in Python or SQL; knowledge of compiled language a plus.
• Familiarity with derivatives and valuation is a plus.

Responsibilities

• Develop and maintain robust risk measurement techniques and frameworks.
• Assist in creating and optimizing our quantitative framework across technology, risk, portfolio and business managers.
• Collaborate with Technology to productionize quantitative models.
• Lead research into and implementation of various quantitative models.

Skills

Derivatives knowledge

Python (Polars/Pandas)

SQL

Education

Bachelor's in statistics/math/engineering

Advanced degree preferred

Tools

GitHub

Job description

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

Equity Derivatives Researcher Millennium's Global Risk Management Department is responsible for identifying, measuring, monitoring, managing, and reporting on the risks associated with Millennium equity derivatives portfolios. Our Risk Management organization is designed to accommodate the overall size, nature, and complexity of the firm's trading activities. We are looking to add an inquisitive minded-isk Analyst to-oin-ur team. You will have the opportunity to develop and maintain the quantitative frameworks used by our portfolio managers and senior management teams. You will be responsible for the risk framework which involves-onsistently evolving metrics, improved valuation methodologies and clear identification and resolution of issues associated with inadequate risk measurement. You will understand and monitor closely the strategies of PM's trading in equity derivatives and embed insights in quantitative frameworks.

What You'll Do

• Development of Risk Measurement Techniques: Develop and maintain robust frameworks for risk measurements. You will create frameworks to deliver insights on PM strategies and risks through interacting with existing tools or building own framework
• Quantitative Framework Development: Assist in the creation and optimization of our quantitative framework, which includes collaborating with technology, risk, portfolio, and business managers.
• Tech Collaboration: Partner with the Technology department to streamline the transition of quantitative models into production environments. The priority is to ensure accuracy and efficiency in day-to-day workflows.
• Research Model Development: Lead research into and implementation of various quantitative models.

What You Bring

• The candidate should have a degree in a quantitative major: statistics, mathematics, engineering, and either professional experience of 1-4 years in a quantitative role in a financial organization, or an advanced degree in a quantitative field preferred.
• A good understanding of derivatives and valuation is a plus, and basic familiarity is generally expected. Prior experience with managing and deploying valuation models is a great add.
• Strong programming skills, prior experience with Python (Polars and/or Pandas) or SQL. Proficiency in at least a compiled and statically typed language is a plus; so is demonstrated programming ability on public repositories e.g., GitHub.
• Sense of responsibility and integrity. Intellectual curiosity and spirit of initiative. Ability to work independently and effectively manage ambiguity.