Product Manager - Equity Volatility

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

Benefits offered by this job

Competitive compensation package

Job summary

Millennium is seeking a seasoned business analyst/product manager to lead equity derivatives initiatives in New York. You will gather requirements, translate them into BRDs/FRDs, and manage cross-functional delivery with traders, risk managers and business leaders.

You will own roadmaps, coordinate development, and create documentation to support onboarding and effective use of the proprietary tools for risk management and backtesting.

Qualifications

• 6+ years in business analyst or product management role.
• Strong equity derivatives expertise including market data, pricing and risk.
• Hands-on with proprietary derivatives pricing, analytics and risk systems.
• Understanding of equities options markets and related infrastructure.
• Experience in Scrum; practical JIRA knowledge.
• Excellent communication and ability to document clearly.
• Basic Python and ability to read Java; CFA is a plus.

Responsibilities

• Partner with investment teams to gather and refine requirements.
• Analyze data dependencies and convert needs into BRDs, FRDs, and tickets.
• Manage day-to-day execution, resolve issues and blockers.
• Create roadmaps and project artifacts to align stakeholders.
• Coordinate development, testing, and release validation.
• Develop user guides and platform documentation for onboarding.
• Deliver proprietary tools for research, backtesting, and risk management.

Skills

Equity derivatives knowledge

Project management

Scrum/Agile

Technical communication

Python basics / read Java code

Education

CFA (nice to have)

Tools

JIRA

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

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.