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Risk Analyst (Quant) - Equity Vol

Millennium Management
Risk Analyst (Quant) - Equity Vol
New York, US
70,000 - 160,000
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Job Description

Risk Analyst (Quant) - Equity Vol

The firm is looking to recruit a Risk Analyst, reporting to the Derivatives Risk Manager. Previous experience in financial filed is not a requirement. One or two post doc positions would be a plus. So would a couple of years of experience as a front office desk quant at a sell side bank, or quant researcher at a hedge fund.

Principal Responsibilities

  • Research, prototype and test derivative’s pricing models
  • Research, prototype and test various risk methodologies: Scenarios analysis, Historical simulations, VaR&Stress calculations, P&L attribution
  • The role has the potential to grow into full risk manager responsibilities, including, meeting and communicating with Portfolio Managers on regular basis, evaluating/approving trade ideas and understanding the rationale and risk/reward of the trades.

Qualifications/Skills Required

  • PhD degree in Physics, Mathematics, Statistics, or another quantitative subject area
  • Strong programming skills, preferred language is python. However it is not a must
  • Strong quantitative/analytical/statistical analysis skills.
  • Ability to reason through and solve open-ended questions
  • Demonstrated ability to solving problems both independently and collaborate effectively with colleagues across teams.
  • Strong communication and interpersonal skills, ability to communicate with portfolio managers, traders and senior management

The estimated base salary range for this position is $70,000 to $160,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. 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.

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