Hudson River Trading is a multi-asset class quantitative trading firm.
(more about Hudson River Trading)Risk Manager - Options
Hudson River Trading (HRT) is hiring a Risk Manager to join our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for options strategies. You will collaborate closely with the risk and trading teams to manage all aspects of options trading risk, while gaining exposure to the fast-paced world of automated trading alongside exceptionally talented people.
The Risk team is a dynamic, highly collaborative group. As a Risk Manager, you will have an opportunity to impact a highly successful business within HRT that is continuing to innovate and expand. This will be a challenging role with a wide remit across trading styles and investment horizons.
Responsibilities
- Design risk controls for options trading strategies (including both market making and relative value trading) that appropriately control market, operational, funding and liquidity risk without disrupting trading activity
- Work closely with trading teams to investigate and understand the nuances of existing and proposed options strategies; assess their risk profile; and advise senior management on on both the suitability and feasibility of the strategies for the firm
- Analyze historical measures in order to calibrate thresholds
- Design & build risk models to appropriately capture idiosyncrasies and tail risk of options strategies
- Monitor market, operational, and liquidity risk; partner with operations & trading teams to investigate & resolve risk any limit breaches
- Collaborate with Operations to develop and implement new risk monitoring tools
- Evaluate bespoke trading opportunities
- Work on tactical projects with Finance, Operations, and Engineering
Qualifications
- 5+ years of experience as an options trader or risk manager covering options in a trading firm, hedge fund, investment bank or asset manager
- Strong understanding of options markets and trading strategies, including both market making and relative value trading
- B.S. in mathematics, physics, economics, computer science, electrical engineering or statistics
- Working knowledge of Python, Linux, SQL
- Ability to communicate effectively with stakeholders across the firm including traders, operations, and other risk managers
- Excellent written and verbal communication skills
Annual base salary range of $200,000 to $300,000. Pay (base and bonus) may vary depending on job-related skills and experience. A sign-on and discretionary performance bonus may be provided as part of the total compensation package, in addition to company-paid medical and other benefits.
Culture
Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.
Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.