Equity Derivatives Risk Manager

3 weeks ago


New York, United States DataAxxis Full time

Position Title: Risk Manager (Global Equities and Derivatives)

Contract Duration: 6+ months with strong potential for extension or conversion to Full-time.

Location: Midtown NYC - 3 days onsite and 2 WFH

Rate: Pay rate $980 per day C2C, $850 per day W2

Position Overview:
Joining our global team, the Risk Manager will play a pivotal role in overseeing risks associated with both our Global Equities and Prime Brokerage business lines.

In the Global Equities domain, the risk management responsibilities encompass derivatives and cash as the second line of defense. In Prime risk, direct collaboration with the business and partnership with Credit is integral, involving setting margin rates and providing second-line risk oversight.

The role involves setting and monitoring limits, requiring proactive measures to ensure adequacy of limits and margins. Additionally, the risk function spearheads the development and continual enhancement of methodologies and Management Information (MI) related to the business, covering VaR, economic capital, stress testing, margin, individual trade analysis, and associated reporting.

**Responsibilities**:

- Daily management of in-house trading portfolios and customer prime/synthetic prime portfolio exposure.
- Evaluation and escalation of existing and evolving risks as appropriate.
- Communication with stakeholders through informal channels and scheduled meetings.
- Adherence to and implementation of our global risk framework.
- Understanding market and credit risks within Equity Linked products, including cash equity, equity swaps, ETPs, options and futures, and convertible bonds, along with knowledge of market structure and regulation.
- Participation in ongoing risk-related communication with the front office and prime customers.
- Driving ongoing improvement in methodologies and analytic capabilities.

**Requirements**:

- 5 years+ experience in a risk management function supporting either Derivatives or Prime Brokerage.
- STEM or Finance-based degree.
- Proven ability to assess quantitative and qualitative risks impacting financing and derivatives businesses.
- Cross-asset product knowledge, including derivatives valuation and risk modeling.
- Some Counterparty credit risk experience preferred but not necessary as part of overall experience.
- Strong proficiency in SQL, Python, or Power BI

**Job Types**: Full-time, Contract

Pay: $850.00 - $980.00 per day

**Benefits**:

- Dental insurance
- Health insurance
- Vision insurance

Experience level:

- 5 years

Schedule:

- 8 hour shift
- Monday to Friday

**Experience**:

- Equity Derivatives: 2 years (required)
- Risk Management: 2 years (required)

Ability to Commute:

- New York, NY 10022 (required)

Work Location: Hybrid remote in New York, NY 10022



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