Head of Volatility Risk Management

A Multi Strategy Hedge Fund is hiring a Director as Head of Volatility Risk in their NYC office.

This hire will focus on risk managing volatility strategies (rates/FX vol, macro vol, vol arb, etc) and vol risk across single name and index options market making. Daily interaction with PMs and Traders to optimize strategies, design hedges and establish hedge/risk frameworks, and manage exposure are the core responsibility.

This individual is expected to regularly interact with the Chief Risk Officer & Chief Investment Officer to discuss macro trends, PnL movement, risk limits, and investment + hedge strategy overall.

The fund wants this risk manager to serve as a partner to the front office. It's a high visibility/high conviction role - the ideal candidate needs to collaborate with the PMs and traders to take smart risks.

Requirements:

• 10+ years of front office risk management experience
• Hedge fund/prop trading risk background; options trading experience is a plus
• Expertise risk managing volatility strategies – index options market making, single name option MM, dispersion trading strategies, volatility arbitrage, commodity futures and options, macro/rates/FX vol, etc.
• Proficiency in Python/SQL - analysis, tool building, scripting; not a model dev
• Risk taker's mindset - strong rapport with CIO, PMs, and Traders; risk-aware advisory in the front office