Shivanshu Chauhan

Quantitative Researcher

Role
Portfolio Pricing and Valuations at Millennium
Location
Mumbai, MH, IN
LinkedIn followers
500 followers
Finance & AccountingView LinkedIn profile

About Shivanshu Chauhan

Experienced Quantitative Researcher with a robust background in financial engineering, derivatives pricing, and model calibration. Proficient in developing parametric volatility surfaces for major European indices using live market data. Skilled in building validation dashboards for intraday volatility surfaces, and implementing complex calibration frameworks including Eq-FX and Eq-Eq correlation term structures from broker quotes. Developed models capturing correlation skew using advanced copula methods.Also experienced in systematic market making for Interest Rate Swaps (USD, EUR, GBP) with fully/semi-automated pricing and hedging solutions. Technical expertise includes Java, Python, KDB+/Q, SQL, Stochastic Calculus, and Machine Learning.

Experience

  1. Portfolio Pricing and Valuations

    Millennium

    Aug 2024 — Present · Mumbai, IN

    Implemented dashboard to validate intraday Volatility Surfaces from Millennium against external broker Volatility surface by tracking several metrics like ATMF vol moves, skew and smile moves, forwards curve shift, forward volatility moves, etc. Implemented a correlation calibration framework to calibrate Eq-FX (i.e. Quanto Correlations) and Eq-Eq (i.e. Copula Correlations) correlations term structure from Broker Quotes (Synthetic Quanto for Quanto correlation and Call vs Call/Put vs Put for Copula correlation) which are then used in firmwide pricing models. Implemented and calibrated correlations skew model using Normal Mean Variance Mixture copula to capture skew effect in pricing of correlations product like basket options. Technologies used: Python, My SQL, Vol MDS

Education

  • Indian Institute of Technology, Guwahati

    Bachelor of Technology (B.Tech.), Mechanical Engineering

    2013 — 2017

  • Indian Institute of Quantitative Finance

    Certification, Financial Engineering

Skills

  • Project Management
  • Php
  • Programming
  • Algorithms
  • C++
  • Machine Learning
  • Data Analysis
  • Shell Scripting
  • Data Structures
  • Data Mining
  • Django
  • Python

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Shivanshu Chauhan — Portfolio Pricing and Valuations at Millennium in Mumbai, MH, IN | Unifers