A leading investment firm is looking to hire a Volatility Risk Manager to support its derivatives and macro-focused investment activities. This role sits at the intersection of quantitative analytics and front-office risk-taking, working closely with portfolio managers to assess, interpret, and manage risks across volatility-driven strategies. The successful candidate will play a key role in enhancing the firm’s risk infrastructure while contributing directly to investment decision-making.
Key Responsibilities
Risk Infrastructure & Tooling
Design, build, and enhance analytical tools to strengthen the firm’s ability to measure and monitor volatility-related risks. Focus on improving scalability, precision, and real-time usability of risk systems.
Investment Partnership
Work closely with portfolio managers, researchers, and central risk teams to challenge assumptions, refine portfolio construction, and ensure risk frameworks are embedded into the investment process.
Risk Measurement & Reporting
Produce detailed, forward-looking risk reports that provide a holistic view of exposures across volatility strategies. Ensure reporting captures sensitivities across key dimensions such as vega, gamma, skew, and term structure.
Portfolio Engagement
Partner with portfolio managers and traders to evaluate current positioning, identify emerging risks, and challenge assumptions around hedging and portfolio construction.
Market Risk Analysis
Interpret and contextualize PnL drivers and risk changes, providing clear explanations of market movements and their impact on volatility strategies across asset classes.
Framework Development
Contribute to the ongoing evolution of the firm’s risk framework, including enhancements to scenario analysis, stress testing methodologies, and factor-based approaches to volatility.
Cross-Asset Coverage
While primarily focused on equity derivatives, engage with broader volatility exposures including FX and interest rate products where relevant.
Collaboration & Stakeholder Management
Work across risk, technology, and investment teams to ensure consistency in risk methodologies and alignment with broader firm objectives.
Requirements
- 5–7 years of experience in a market risk, quantitative risk, or trading-related role, with a focus on volatility and derivatives
- Strong understanding of equity derivatives and volatility products (e.g. options, variance swaps, structured products); exposure to FX or rates volatility is a plus
- Experience within a risk management function or directly supporting trading/portfolio management activities
- Proficiency in programming (e.g. Python or similar), with the ability to build analytical tools and work with large datasets
- Solid understanding of option Greeks, volatility surfaces, and risk decomposition techniques
- Strong analytical mindset with the ability to translate complex quantitative outputs into actionable insights
- Effective communicator with experience working closely with front-office stakeholders and cross-functional teams
Share
Similar Jobs: