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(more about WorldQuant)
Options Risk Manager
Options Risk Manager
WorldQuant develops and deploys systematic financial strategies across a broad range of asset classes and global markets. We seek to produce high-quality predictive signals (alphas) through our proprietary research platform to employ financial strategies focused on exploiting market inefficiencies. Our teams work collaboratively to drive the production of alphas and financial strategies – the foundation of a balanced, global investment platform.
WorldQuant’s success is built on a culture that pairs academic sensibility with accountability for results. Employees are encouraged to think openly about problems, balancing intellectualism and practicality. Excellent ideas come from anyone, anywhere. Employees are encouraged to challenge conventional thinking and possess an attitude of continuous improvement. That’s a key ingredient in remaining a leader in any industry.
Our goal is to hire the best and the brightest. We value intellectual horsepower first and foremost, and people who demonstrate an outstanding talent. There is no roadmap to future success, so we need people who can help us build it. Our collective intelligence will drive us there.
The Role: Options Risk Manager, reporting to Head of Risk
Complement a top tier team of experts across portfolio management, alpha research, tech, risk and execution in order to build a scalable and successful options trading business. The Options Risk Manager will have the opportunity to contribute to the build-out of this business by developing the tools and systems required to monitor, manage and analyze the risk associated with the various systematic options strategies that will be developed over the years. The individual will also be tasked with enforcing trader risk and capital allocation guidelines and do so in a cerebral and tactful manner.
Job Responsibilities (include, but not limited to the following)
- Contribute towards the platform build-out of a new systematic options trading business
- Develop an options risk platform that would integrate with our existing enterprise risk management processes and controls
- Develop tools focused on both pre- and post-trade risk analytics as well as monitoring and alerting tools
- Integrate pre-trade controls
- Develop post trade risk metrics that are meaningful and actionable
- Daily risk monitoring of the systematic options trading business
What You’ll Bring:
- Seven or more years of experience across risk management and trading of listed options
- Experience in risk management of options strategies, with expertise in single stock equity options and systematic option strategies
- Previous trading experience of options strategies is preferred
- Technical background and coding skills. Preferably Linux/Python environment or R, Matlab etc
- Focus on listed options, with a preference for single stock options and equity index options
- Deep knowledge of options pricing and risk models with experience in building or supporting options risk platforms
- Strong understanding of multi-asset quantitative strategies and the array of risks associated with running such portfolios
- Experience building tools and reporting for risk or trading
- Degree in a quantitative or technical field(Comp Science, Engineering, Math, Stats, ML)
- Ability to effectively and proactively communicate risk related concerns to CEO, CIO and other members of senior management
- Excellent problem solving abilities and judgment with strong attention to detail
- Mature and thoughtful, with the ability to operate in a collaborative, team-oriented culture
Our Benefits:
- Core Benefits: Fully paid medical and dental insurance for employees and dependents, flexible spending account, 401k, full paid parental leave, generous PTO (paid time off) with unlimited sick days
- Perks: Employee discounts for gym memberships, wellness activities etc., healthy snacks, casual dress code
- Training: learning and development courses, speakers, off-site team-building activities
- Employee resource groups
Position based preferably in New York, NY
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Copyright © 2022 WorldQuant, LLC. All Rights Reserved.
WorldQuant is an equal opportunity employer and does not discriminate in hiring on the basis of race, color, creed, religion, sex, sexual orientation or preference, gender identity, age, marital status, citizenship, national origin, disability, military status, genetic predisposition or carrier status, or any other protected characteristic as established by applicable law.
WorldQuant is an equal opportunity employer and does not discriminate in hiring on the basis of race, color, creed, religion, sex, sexual orientation or preference, gender identity, age, marital status, citizenship, national origin, disability, military status, genetic predisposition or carrier status, or any other protected characteristic as established by applicable law.
WorldQuant is a total compensation organization where you will be eligible for a base salary, discretionary performance bonus, and benefits. The estimated salary range for this position is $150,000 to $175,000 which is specific to New York and may change in the future. When finalizing an offer we will take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.