Jianqiao (Grace) Zhu
About Jianqiao (Grace) Zhu
Jianqiao (Grace) Zhu is a Derivatives Trader and Risk Manager at Milliman in London, where she has worked since 2011. She holds a Master of Science in Risk and Stochastics from the London School of Economics and a Bachelor of Science in Actuarial Science from the University of Kent.
Work at Milliman
Jianqiao (Grace) Zhu has been employed at Milliman since 2011, serving as a Derivatives Trader and Risk Manager in London, United Kingdom. In this role, she collaborates with capital market teams located in Chicago and Sydney, contributing to Milliman's 24-hour global risk monitoring service. Her responsibilities include executing risk re-balancing for various exposures, such as delta, rho, and gamma/vega, through trading instruments like equity, bond, and currency futures, as well as interest rate swaps and equity/FX options.
Education and Expertise
Jianqiao Zhu holds a Master of Science (MSc) in Risk and Stochastics from The London School of Economics and Political Science (LSE), which she completed from 2008 to 2009. Prior to that, she earned a Bachelor of Science (BSc) in Actuarial Science from the University of Kent, studying there from 2005 to 2008. Her educational background equips her with a strong foundation in risk management and financial analysis.
Risk Management Activities
In her role at Milliman, Jianqiao Zhu executes risk re-balancing for delta, rho, and gamma/vega exposures. She engages in trading various financial instruments, including equity, bond, and currency futures, currency forwards, interest rate swaps, and equity/FX options. Additionally, she produces weekly performance attribution reports on hedge effectiveness and quarterly hedge commentary reports, contributing to the overall risk management strategy.
Market Insights and Reporting
Jianqiao Zhu is responsible for providing market updates and trading commentary during weekly client conference calls. She develops the monthly Milliman Market Monitor tool, which offers insights into market trends that are relevant to pension fund management. Her involvement in these activities supports informed decision-making for clients and enhances the firm's market analysis capabilities.
Involvement in Industry Surveys
Jianqiao Zhu participates in the European Variable Annuity sales survey and contributes to the global Milliman VA market update. Her engagement in these surveys helps to gather and analyze data that informs the company's understanding of market dynamics and client needs within the variable annuity sector.