Fundamental Equities Risk Manager As a member of our Equity Risk Management team, you will work closely with the leader of the group to establish and monitor trading parameters, risk guidelines, and performance metrics for Portfolio Managers. Over time, you will partner daily with our Portfolio Managers to conduct onboarding interviews and ongoing risk analysis while also collaborating with other functional groups within the firm. Principal Responsibilities Grow into full risk coverage of company strategies in equity products under the Head of RVFE Risk, including: Interviewing prospective PMs and setting up and managing risk limits; Evaluating trade ideas; Communicating with traders on regular basis. Close monitoring of risk drivers across the portfolios under coverage responsibility, and direct communication with management or PMs when these grow beyond established tolerances Research and determine P&L drivers Automate processes and perform ad hoc analyses Qualifications/Skills Required 5-10 years of experience in equity analytics or risk function, preferably at another financial institution Knowledge of equity products, markets, and trading strategies Strong quantitative/analytical/statistical analysis skills SQL, Python (or R), and Excel skills preferred; familiarity with Tableau a plus Results-oriented and fast paced Highly analytical with strong problem-solving skills Strong written and verbal communications with the ability to communicate with traders and senior management Ability to work independently and in ambiguous environments Degree in a technical or quantitative field; Advanced degrees in Financial Engineering or similar field preferred The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package. Who We Are Millennium Management is a global investment management firm founded in 1989 that manages approximately $53 billion in assets as of April 1, 2022. Millennium has more than 4,000 employees with offices in the United States, Europe and Asia. Over the last 30+ years, our mission has remained constant: to deliver the alternative investment industry’s highest quality returns to our investors, and to maintain a commitment to our principles of integrity, discipline and excellence. What We Do We employ a global, multi-strategy investment approach, opportunistically engaging in a broad array of trading and investing strategies across a wide group of diversified managers. Our specialized divisions have built and continually evolve our core infrastructure platform. This enables our trading teams to pursue their unique investment strategies independently, while operating within one centrally-driven risk and operational framework. Millennium has differentiated itself from other alternative investment management firms through our consistent ability to generate high quality returns for our investors. Millennium’s unique framework has created what we believe to be a sustainable and scalable organization aligned in partnership with our investors. Our dedication to our mission has defined Millennium as an industry leader over our 30+ year history. Careers Our firm harnesses the entrepreneurial drive of our people, and we strive to employ among the best in the industry. We offer an opportunity for developing one’s career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment.
Location: United States
Posted: Oct. 15, 2024, 7:41 a.m.
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