Risk Manager, Equities

Full Time Posted 28 days ago
Main Location
New York City, NY, United States
Open jobs
Risk Manager, Equities

Millennium’s Global Risk Management Department is responsible for identifying, measuring, monitoring, managing, and reporting on the risks associated with Millennium portfolios. Our Risk Management organization is designed to accommodate the overall size, nature, and complexity of the firm’s trading activities.

As a member of our Equity Risk team you will work closely with the leader of the group to establish and monitor trading parameters, risk guidelines, and performance metrics for Portfolio Managers. Over time, you will partner daily with our Portfolio Managers to conduct onboarding interviews and ongoing risk analysis while also collaborating with other functional groups within the firm.

Principal Responsibilities

  • Grow into full risk coverage of company strategies in equity products under the Head of Equity Risk, including: Interviewing prospective PMs and setting up and managing risk limits; Evaluating trade ideas; Communicating with traders on regular basis.
  • Close monitoring of risk drivers across the portfolios under coverage responsibility, and direct communication with management or PMs when these grow beyond established tolerances
  • Research and determine P&L drivers
  • Automate processes and perform ad hoc analyses

Qualifications/Skills Required

  • 5-10 years of experience in equity analytics or risk function, preferably at another financial institution
  • Knowledge of equity products, markets, and trading strategies
  • Strong quantitative/analytical/statistical analysis skills
  • Excellent SQL, R (or Python), and Excel skills a must; familiarity with Shiny (an R package) a plus.
  • Results-oriented and fast paced
  • Highly analytical with strong problem solving skills
  • Strong written and verbal communications with the ability to communicate with traders and senior management
  • Ability to work independently and in ambiguous environments
  • Degree in a technical or quantitative field; Advanced degrees in Financial Engineering or similar field preferred

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Risk Manager, Equities
Millennium Management