Product Manager - Equity Volatility

Millennium Management LLC; New York (NY); On-site; USD 175,000 - 250,000; Full time

Job summary

Millennium Management LLC is seeking a Product Manager for Equity Volatility in New York. You will partner with investment teams to translate requirements into actionable plans, manage roadmap artifacts, and ensure delivery of proprietary tools for research, strategy backtesting, and risk management in equities derivatives.

The role requires deep knowledge of equity derivatives, risk methodologies, and strong collaboration with traders and risk leaders in a fast-paced, data-driven environment.

Qualifications

• 6+ years in business analysis and/or product management.
• Subject matter expertise in equity derivatives and risk methodologies.
• Experience with proprietary pricing, analytics, and risk systems.

Responsibilities

• Gather, refine, and translate requirements into BRDs, FRDs, and JIRA tickets.
• Manage day-to-day execution and resolve blockers.
• Create roadmaps and project artifacts to align stakeholders.
• Coordinate development, testing, and release validation.
• Develop user guides and documentation for onboarding.

Skills

Equity derivatives knowledge

Scrum / Agile experience

JIRA familiarity

Stakeholder collaboration

Python basics

Tools

JIRA

Job description

Product Manager - Equity Volatility

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

The Information Technology team is central to the scale and performance of Millennium’s business. The firm’s active, multi‑manager model depends on flexible, scalable technology and advanced proprietary systems that power analytics, trading, and risk management. Within this environment, the Equity Volatility technology team builds and supports proprietary tools and services used across the business for research, strategy backtesting, and portfolio risk management in equities derivatives. The Equity Volatility business has delivered strong growth and performance over the last several years, and the team continues to expand its technology capabilities in support of that momentum.

What You'll Do

• Partner with investment teams and business stakeholders to gather, refine, and synthesize requirements across the Equity Volatility platform
• Analyze upstream and downstream data dependencies and translate business needs into clear BRDs, FRDs, JIRA tickets, and project plans
• Manage day‑to‑day project execution, identifying, escalating, and helping resolve issues, conflicts, and delivery roadblocks
• Create and maintain product roadmaps and related project artifacts to align stakeholders and manage expectations
• Coordinate development tasks, testing, and release validation to ensure solutions meet business and user requirements
• Develop user guides and platform documentation to support onboarding, adoption, and effective use of the tools
• Help deliver proprietary tools that support research, strategy backtesting, and risk management for equities derivatives portfolios

What You Bring

• 6+ years of experience in a relevant business analyst and/or product management role
• Strong subject matter expertise in equity derivatives, including market data, pricing, and risk management methodologies, with particular focus on Volatility and Delta 1 products and related risk sensitivities
• Hands‑on experience working on proprietary derivatives pricing, analytics, and risk management systems in close partnership with traders, risk managers, and business leaders
• Strong understanding of equities options markets and the requirements that support listed options execution infrastructure
• Experience working in a Scrum environment, with practical working knowledge of JIRA
• Strong communication, interpersonal, and written documentation skills
• Ability to perform effectively in a fast‑paced, demanding environment
• Basic understanding of Python and the ability to read Java code to understand implemented functionality; development experience or CFA is a plus

Salary Range: Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $175,000 to $250,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.