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Equity Derivatives Risk Manager

New York, New York

Equity Derivatives Risk Manager

Duration: 6+ months strong potential to be extended or converted to Full-time.

Location: midtown NYC – 3 days onsite and 2 WFH

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

Position Overview:

As part of a global team, the Risk Manager will have responsibilities for risk oversight of the risks coming from both our Global Equities and Prime Brokerage business.

Global Equities risk management covers (derivatives, and cash) as the second line of defense whilst Prime Risk works directly with the business and in partnership with Credit and is directly responsible for the setting of margin rates as well as second-line risk oversight.

Risk management both sets and monitors associated limits and is expected to be highly proactive to ensure limits and margins are appropriate.

Additionally, the risk function is primarily responsible for driving the development and ongoing improvement work around methodologies and MI associated with business. This includes VaR, economic capital, stress testing, margin, individual trade analysis, and all associated reporting.

Responsibilities Include:

  • Daily management of in-house trading portfolios and customer prime / synthetic prime portfolio exposure.
  • Evaluate and effectively escalate existing and evolving risks as appropriate.
  • Communication with stakeholders through informal channels as well as 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) together with market structure and regulation.
  • Participation in ongoing communication around risk matters with front office and with prime customers.
  • Drive ongoing improvement in methodologies and analytic capabilities.


  • 5 years+ working in a risk management function supporting either Derivatives.
  • STEM or finance-based degree.
  • Proven ability to access quantitative and qualitative risks impacting financing and derivatives businesses.
  • Cross asset product knowledge including derivatives valuation and risk modelling.
  • Some Counterparty credit risk experience is preferred as part of the overall experience, but not necessary.
  • Strong working ability with SQL, Python, or Power BI.