Equity Derivatives Risk Associate: Volatility Focus

Millennium Management LLC; New York (NY); On-site; USD 160,000 - 250,000; Full time

Job summary

Millennium Management LLC in New York is seeking an experienced Risk Associate in Equity Volatility to drive the risk management framework for equity derivatives portfolios and partner with technology to improve risk tools.

The role requires 4+ years in equity derivatives risk or trading, Python programming, and strong communication across stakeholders; you will monitor P&L, VAR, stress tests, and contribute to regular risk reporting.

Qualifications

• 4+ years of experience in equity derivatives, structuring, trading, or risk.
• Strong quantitative and analytical skills.
• Programming in Python is required.
• Excellent communication with diverse stakeholders.

Responsibilities

• Support the application of the firm’s risk management framework across equity derivatives.
• Monitor P&L and analyze performance drivers.
• Help monitor VAR, stress, scenario, and other risk limits, escalating breaches 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.

Skills

Python

Equity derivatives

Risk management

Communication

Job description

Millennium Management LLC in New York is seeking an experienced Risk Associate in Equity Volatility to drive the risk management framework for equity derivatives portfolios and partner with technology to improve risk tools.

The role requires 4+ years in equity derivatives risk or trading, Python programming, and strong communication across stakeholders; you will monitor P&L, VAR, stress tests, and contribute to regular risk reporting.