Job Description

Job Description

We are partnering with a leading global hedge fund on an exclusive search for a Portfolio Pricing and Valuations Lead to join its pricing and valuations function. This is a high-impact, highly visible seat at the center of the firm's equity derivatives infrastructure. The successful candidate will own the integrity of the firm's official marks across volatility, vanilla and exotic products, and will be a key contributor to the review and validation of pricing models and methodologies, the explanation of daily P&L, and the onboarding of new and complex products.

The role offers direct exposure to portfolio managers, trading, risk, quant and technology teams, and is well suited to a technically strong derivatives practitioner who wants genuine ownership and the ability to shape how a sophisticated platform prices and controls its book.

Responsibilities:

Valuations

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• Oversee and enhance the configuration of internal systems and the calibration of pricing models for equity derivative products.
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• Source, validate and analyze market data – including external volatility surfaces and curves – to ensure the accuracy and integrity of marks.
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Pricing & Mark Sign-Off

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• Maintain intraday and end-of-day pricing procedures and controls.
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• Publish and sign off on the firm's official end-of-day marks, surfaces and curves across equity volatility and exotic products.
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P&L Explanation & Attribution

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• Analyze and explain daily P&L, decomposing performance into its key drivers: Greeks-based attribution, idiosyncratic events and trading activity.
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• Identify, investigate and resolve breaks in partnership with trading, risk and finance.
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• Prepare attribution reporting for senior management and run ad-hoc analysis as required.
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Methodology Review & Testing

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• Evaluate and test pricing and marking methodologies proposed by quant or vendor teams.
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• Provide practitioner-level feedback on model assumptions, calibration approaches and operational applicability.
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New Product Onboarding

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• Lead the setup and integration of new equity derivative products into the firm's infrastructure, coordinating across technology, quant, risk and portfolio management.
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Primary Interface

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• Act as a senior point of contact for portfolio managers on pricing, valuation, risk and product setup matters.
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• Coordinate across departments to resolve issues quickly and effectively.
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Qualifications:

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• 5+ years in a relevant role such as equity derivatives trading, trader assistant, risk management, product control or valuations.
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• Deep knowledge of equity derivative products – including vanilla options, variance/volatility swaps, TRF/TRS, dividend swaps and exotics – with particular depth in volatility products.
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• Strong track record in P&L explanation and attribution within an equity derivatives context.
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• Demonstrated ability to understand, evaluate and test complex pricing methodologies.
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• Experience working with technology and quant teams to drive system enhancement
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• Programming experience (Python, VBA or similar) with a focus on data analysis.
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• Proficiency with Bloomberg, Reuters and other market data sources.
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• Advanced degree in a quantitative discipline preferred.
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