Equity Derivatives Lead

Role Overview: As a Risk Lead for Equity Derivatives at Millennium, you will be an integral part of the Risk Management team. Your primary focus will involve enhancing risk frameworks, developing quantitative models, and implementing effective risk management strategies for equity derivatives portfolios. Collaboration with various teams, mentoring junior colleagues, and driving innovation in risk measurement will be key aspects of your role. Key Responsibilities: - Strategic Leadership: - Help develop and enhance the risk framework for equity derivatives, including metrics, valuation methods, and rectifying any existing risk measurement issues. - Utilize insights into portfolio managers" strategies to enhance risk management tools. - Team Collaboration: - Collaborate with technology, risk, portfolio, and business teams to align risk frameworks with organizational objectives. - Work closely with the Technology team to ensure accurate and efficient implementation of models in production systems. - Quantitative Model Development: - Lead research initiatives to develop advanced models for risk measurement and valuation. - Build and enhance tools for effective risk measurement. - Mentorship and Guidance: - Mentor and guide junior team members, fostering curiosity and accountability. - Share expertise in derivatives, programming, and valuation models to strengthen the team. - Risk Monitoring and Reporting: - Monitor trading strategies to identify and manage risks efficiently. - Provide clear insights to senior management for informed decision-making. - Continuous Improvement: - Drive innovation by updating risk metrics and methods to align with the complexity of trading activities. - Address issues related to risk measurement and workflow inefficiencies. Qualifications Required: - Strong technical skills with proficiency in programming languages such as Python, SQL, etc., and solid quantitative expertise. - Thorough understanding of derivatives and valuation models. - Leadership abilities including the capacity to work independently, manage ambiguity, and lead with integrity. (Note: The job description does not include any additional details about the company.),