Risk Manager - Options

Marlin Selection Ltd; London; On-site; GBP 100,000 - 125,000; Full time

Job description

We are a Global Financial Services Firm across Wealth Management and Brokerage. We provide access to US Equity Markets for Traders from Asia and the Far East.

We are seeking a highly skilled Risk Manager with a strong background in options products to join our global broker-dealer team in London. The ideal candidate will have a minimum of 5 years of experience in options risk management, preferably within a high-frequency trading, proprietary trading, brokerage or market-making environment. You will play a critical role in monitoring, assessing, and mitigating risks across our options trading desks, ensuring compliance with regulatory standards and optimizing risk-adjusted returns.

Key Responsibilities:

1. Risk Oversight: Monitor and manage trading risks across listed and OTC options markets, ensuring adherence to risk limits and internal policies.
2. Position Monitoring: Conduct real-time risk assessment of options portfolios, tracking Greeks, volatility exposure, and stress testing scenarios.
3. Market Risk Analysis: Identify, measure, and mitigate exposure to market risks, including price fluctuations, liquidity concerns, and volatility shifts.
4. Risk Framework Development: Enhance and implement risk management frameworks, utilizing quantitative models and real-time monitoring tools.
5. Regulatory Compliance: Ensure compliance with SEB regulations and global risk management best practices. Collaborate with compliance teams to maintain regulatory reporting standards.
6. Trade Surveillance: Identify unusual trading patterns and assess potential threats to market stability.
7. Collaboration with Traders: Work closely with traders in India to optimize hedging strategies, margin requirements, and capital efficiency.
8. Technology & Automation: Leverage technology to improve risk controls, developing automated risk monitoring and alert systems.

Key Requirements:

1. 5+ years of experience in options risk management, preferably within a broker-dealer, hedge fund, or prop trading firm.
2. Strong understanding of derivatives pricing models, Greeks, volatility surfaces, and risk metrics.
3. Experience with real-time risk monitoring systems and algorithmic trading environments.
4. Proficiency in Python, SQL, or VBA for data analysis and risk model development is a plus.
5. Strong knowledge of exchange margin rules, stress testing methodologies, and capital requirements.
6. Familiarity with FCA regulatory requirements and risk management frameworks.
7. Excellent analytical skills with the ability to communicate risk insights to senior stakeholders.