Equity Volatility Risk & Analytics Associate

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

Job summary

Millennium is seeking a Risk Associate - Equity Volatility to join the equity risk team in New York. You will help drive the risk management framework for equity derivatives, maintain robust controls, and support risk initiatives in a fast-paced trading environment.

The role can be based in New York or London. The role requires 4+ years in equity derivatives or risk, experience with options and VIX derivatives, strong quantitative and Python skills, and the ability to collaborate with traders

Qualifications

• 4+ years in equity derivatives, structuring, trading, or risk.
• Experience with options, variance swaps, VIX derivatives or related products.
• Cross-asset exposure across rates, FX, or commodities is a plus.

Responsibilities

• Support applying the firm’s risk management framework across equity derivatives.
• Monitor P&L and analyze performance drivers.
• Monitor VAR, stress tests, scenario risk, and escalate breaches to senior team members.
• Contribute to portfolio risk reporting and capital usage.
• Identify concentrations, vulnerabilities, and changing market 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 knowledge

Risk management

Quantitative analysis

Job description

Millennium is seeking a Risk Associate - Equity Volatility to join the equity risk team in New York. You will help drive the risk management framework for equity derivatives, maintain robust controls, and support risk initiatives in a fast-paced trading environment.

The role can be based in New York or London. The role requires 4+ years in equity derivatives or risk, experience with options and VIX derivatives, strong quantitative and Python skills, and the ability to collaborate with traders