Risk Manager - Options

Hudson River Trading (HRT) is hiring a Risk Manager to join our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for options strategies. You will collaborate closely with the risk and trading teams to manage all aspects of options trading risk, while gaining exposure to the fast-paced world of automated trading alongside exceptionally talented people.

The Risk team is a dynamic, highly collaborative group. As a Risk Manager, you will have an opportunity to impact a highly successful business within HRT that is continuing to innovate and expand. This will be a challenging role with a wide remit across trading styles and investment horizons.

Responsibilities

Design risk controls for options trading strategies (including both market making and relative value trading) that appropriately control market, operational, funding and liquidity risk without disrupting trading activity

Work closely with trading teams to investigate and understand the nuances of existing and proposed options strategies; assess their risk profile; and advise senior management on on both the suitability and feasibility of the strategies for the firm

Analyze historical measures in order to calibrate thresholds

Design & build risk models to appropriately capture idiosyncrasies and tail risk of options strategies

Monitor market, operational, and liquidity risk; partner with operations & trading teams to investigate & resolve risk any limit breaches

Collaborate with Operations to develop and implement new risk monitoring tools

Evaluate bespoke trading opportunities

Work on tactical projects with Finance, Operations, and Engineering

Qualifications

5+ years of experience as an options trader or risk manager covering options in a trading firm, hedge fund, investment bank or asset manager

Strong understanding of options markets and trading strategies, including both market making and relative value trading

B.S. in mathematics, physics, economics, computer science, electrical engineering or statistics

Working knowledge of Python, Linux, SQL

Ability to communicate effectively with stakeholders across the firm including traders, operations, and other risk managers

Excellent written and verbal communication skills

The estimated base salary range for this position is $200,000 to $300,000 per year, based on job-related skills and experience. This role will also be eligible for discretionary performance-based bonuses and a competitive benefits package.

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.

At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.

Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.