Summary: A Global Quantitative and Systematic Hedge Fund in London are currently looking for a Director/Global Head of Volatility Risk to build out their footprint in London. This Multi-strat hedge fund operates in Volatility, Fundamental Equities, Quant, Macro and Fixed Income strategies.
The firm heavily values risk and is determined to develop and revolutionary risk platform to give them a competitive edge. The risk team is very front office facing, working closely with investment professionals and will have direct influence in the investment process and capital allocation.
Responsibilities:
- Responsible for covering volatility and fixed income strategies to better understand risks and PnL.
- Extend and enhance the firms risk analysis framework to handle new strategies, new products and new asset classes
- Conduct comprehensive risk management within the volatility sector, applying advanced quantitative and coding skills to analyze and mitigate potential risks.
- Provide the risk team and management an in-depth view on the risks taken (not tick boxing limit exercise but we need the person to truly understand the risks vs the market environment)
- Assist in defining the risk tools and risk metrics
- Work closely with the desks to promote the business in a secure environment.
- Responsible managing the day-to-day operations across the risk function incl. Validating margin methodologies, limits setting, Reports/investor reports and analysis of fund performance.
- Provide insight regarding drivers of risk movements to senior management and portfolio managers.
- Provide optimization techniques with the intention of increasing risk-adjusted returns.
Qualifications:
- Masters in Mathematics, Physics, Statistics, Engineering or an equivalent in other science disciplines.
- Previous experience as an options trader and then gone into Risk or vice versa from a Hedge Fund or Investment Bank.
- Strong Coding and analytical skills in Python, R, VBA or SQL for scripting, modelling and implementation purposes.
- Knowledge of Volatility Derivatives Products; exposure to Macro strategies preferred - Rates, Index, Equities,
- Experience working alongside PMs, Quants, Finance and senior management
- Excellent communication skills, with the ability to interact effectively with researchers, technologists, PMs, and senior managers
- Volatility trading experience, preferably on an exotic desk
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