DESCRIPTION:

Duties: Structure, price, and handle equity exotic risk spanning retail structured products, light exotic derivatives including exotic variance, cliquets, and equity-linked hybrids within a client-focused trading team. Price and trade exotic derivatives as requested by clients. Execute cross-asset risk hedges in stock, future, and options to manage the risk profile for the desk. Perform market analysis to identify growth opportunities for the business and manage pricing parameters to expand market share. Review and provide commentary for drivers of daily profit and loss for the desk. Facilitate trade bookings, settlements, and trade lifecycle checks in coordination with operations teams. Run ad hoc risk analysis on new and existing trades to improve the desk’s risk management profile. Work with quantitative research and technology teams to enhance pricing models and strategic risk management systems.

QUALIFICATIONS:

Minimum education and experience required: Master’s degree in Financial Engineering, Operations Research, Finance, Economics, Mathematics, or related field of study plus three (3) years of experience in the job offered or as a Trader, Quantitative Research, or related occupation. The employer will alternatively accept a Bachelor’s degree in Financial Engineering, Operations Research, Finance, Economics, Mathematics, or related field of study plus five (5) years of experience in the job offered or as a Trader, Quantitative Research, or related occupation.

Skills Required: Requires experience in the following: Vanilla and exotic financial derivatives including options, futures, variance swaps, cliquets, barrier options and correlation products; Valuation and modeling of equity exotic products with numerical solution methods including Monte Carlo, and finite difference methods; Derivative strategy back testing for volatility arbitrage trades; Derivative greeks and risk dynamics of path dependent and discontinuous exotic products; Python; SQL including Derivative pricing library development; collaborating with stakeholders in a financial setting including sales, structuring, quantitative research, and control functions; using mathematical techniques and statistics for option pricing as well as data analytics and optimization.

Job Location: 383 Madison Ave, New York, NY 10179.

Full-Time. Salary:  $285,000 - $285,000 per year.