Equity Risk Manager - Volatility Trading

Overview

A leading multi-strategy hedge fund is seeking an experienced Risk Manager to provide front-office aligned risk coverage across Equity Volatility and Equity Derivatives trading businesses. The role will partner directly with Portfolio Managers, Traders and Senior Leadership to oversee market risk, portfolio construction, stress testing and trading exposures across a broad range of equity volatility strategies.

Responsibilities

• Provide daily risk oversight across Equity Volatility and Equity Derivatives portfolios
• Partner closely with Portfolio Managers and Traders to challenge positioning, concentration and portfolio construction
• Monitor and analyse key market risk metrics including: VaR, Stress testing & scenario analysis, Factor and correlation exposures, Liquidity and concentration risk
• Conduct deep-dive reviews of trading books and identify emerging portfolio risks
• Assess volatility surface exposures, skew positioning and convexity risks across strategies
• Evaluate risk across: Single Stock Options, Index Options, Dispersion, Volatility Arbitrage strategies
• Produce actionable risk commentary and communicate findings to investment teams and senior management
• Work alongside Quantitative Research, Technology and Trading teams to enhance risk infrastructure and analytic

Requirements:

• 5-8 years of experience working in a risk role with a focus on Equity Volatility trading
• Education: Masters degree in a Finance/Quantitative/Engineering field required, PhD preferred
• Experience with factor-based risk analysis, portfolio construction, or optimization techniques
• Proven ability to work closely with investment teams and influence decision-making
• Strong communication skills, with the ability to convey complex risk concepts clearly to a range of stakeholders
• Deep understanding of market risk methodologies and industry practices
• Hands-on, proactive approach with a willingness to engage at both strategic and detailed levels