Strategic Equity Derivatives Specialist

4 days ago


London, Greater London, United Kingdom Millennium Management Full time

Millennium Management is a leading investment management firm that provides equity volatility fitting platform solutions to clients worldwide.

As a Strategic Equity Derivatives Specialist, you will play a crucial role in designing, implementing, and operating our next-generation equity volatility fitting platform. This cutting-edge platform will be used to provide intraday firm-wide pricing, risk, and P&L for all Equity products, including exotics.

This is an exceptional opportunity to join Millennium Management in a high-growth area and contribute to the development of innovative solutions that drive business success.

Job Responsibilities
  • Research and backtest volatility surface fitting algorithms for indices, ETFs, and single stocks to ensure optimal performance.
  • Maintain, support, and improve processes to ensure frequent and automated fitting of volatility surfaces, including monitoring and remarking calibrated parameters and assessing algorithm performance.
  • Collaborate closely with Market Data teams to source and maintain pricing feeds from data providers and brokers, developing systematic controls to validate critical data inputs.
  • Work closely with IT and Portfolio Managers to present fitting algorithms, performance statistics, and stability analysis to senior stakeholders.
Qualifications
  • An advanced degree or equivalent in a quantitative subject such as Engineering, Mathematics, or Physics, plus at least 3 years of relevant work experience.
  • Advanced knowledge of equity derivatives pricing models and strong coding skills in Python, with C++ being beneficial but not required.
  • Detail-oriented with thoroughness, strong ownership of work, and a good sense of urgency.
  • A team player with a strong willingness to participate and help others.

The estimated salary for this position is $120,000 - $180,000 per year, depending on location and experience.



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