Product Manager - Risk at DRW

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, TradingIndustries

Requirements

5+ years of product/technical PM experience supporting trading, risk or quant platforms in a buy-side environment
Strong quantitative background: market risk modelling (VaR, stress tests, factor models, option greeks), curve construction and volatility surface concepts, and valuation models
Data analyst level Python proficiency (pandas, numpy), able to produce compact, reproducible POCs and analyze results
Familiar with SQL, data pipelines, Git, and modern agile development practices
Excellent stakeholder management skills

Responsibilities

Perform business/functional platform assessments – document and analyze current state operational process and related technology data flows in order to identify gaps that require strategic change in order to improve processes, controls and/or scalability
Build and maintain stakeholder relationships – partner with business stakeholders to understand their market risk needs, decision making processes, and opportunities to improve the quality, accuracy, and speed of that decision making through strategic platform enhancements
Develop technical requirements for enhancements – draw upon market risk knowledge and technical skills to develop detailed technical build requirements, user stories, and acceptance criteria for the technology teams. This includes interacting directly with quantitative analytics libraries, building lightweight functional POCs to validate methodologies, and results – then iterating with stakeholders to ensure objectives are achieved though the proposed requirements
Coordinate delivery with engineers – support any refinements needed during development, then facilitate initial UAT testing, release coordination, and iteration over any issues with engineering teams to ensure smooth delivery to business without disruption to trading or decision making
Engage with platform support – monitor support channels to maintain awareness of critical issues and how they may impact the product roadmap or decision decisions. Assist with platform specific support questions including application setup and user onboarding
Contribute to strategic roadmap - provide input on risk platform development prioritization, overall strategic needs, and upstream dependencies that drive enterprise technology roadmaps

Skills

Market Risk

Product Management

Stakeholder Management

Trading Workflows

Technical Requirements

Roadmap Prioritization

Portfolio Construction

Risk Management

Quantitative Research

Data Flows

Operational Processes

DRW

Proprietary trading and risk management firm

About DRW

RGM Advisors engages in proprietary trading using its own capital to operate in various financial markets. The firm focuses on developing trading strategies that utilize advanced technology and data analytics to manage risk and pursue high returns. By serving institutional clients such as hedge funds and investment banks, RGM Advisors maintains a flexible business model that allows it to trade its own money, rather than clients' funds. This approach enables better risk management and the ability to generate revenue through trading profits, achieved by employing sophisticated algorithms and market-making strategies. RGM Advisors is distinguished by its global presence and its commitment to attracting top talent, providing them with the tools needed to excel and rewarding exceptional performance.

Chicago, IllinoisHeadquarters

2001Year Founded

M_AND_ACompany Stage

Quantitative Finance, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Daily catered breakfast & lunch

Massages

Social events

Gym subsidy

Flexible work arrangements

Monthly tastings

Game room

On-site yoga classes and meditation

Employee led affinity groups

Mentor/mentee outings

Trivia nights

Educational opportunities

DRW-sponsored sports teams

Poker tournament

Private mother's suite

Risks

Increased competition from algorithmic trading firms may erode DRW's market share.

Cryptocurrency market volatility poses risks to DRW's crypto-assets strategy.

Talent war in tech and finance sectors may impact DRW's ability to retain top talent.

Differentiation

DRW combines technology, research, and risk management for diversified trading opportunities.

They operate using their own capital, allowing quick pivots to capture opportunities.

DRW has expanded into real estate, venture capital, and crypto-assets.

Upsides

Machine learning algorithms enhance predictive accuracy and risk management in trading.

DeFi platforms offer new opportunities for higher returns in crypto-assets.

Quantum computing revolutionizes trading strategies with faster, complex data analysis.

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