Valuations Control

Operations and Middle Office is one of the largest departments at Millennium. The Middle Office group consists of three inter-connected functions in the post-trade lifecycle: trade support, valuations, and business unit control. While Middle Office supports all products traded within the firm – ranging from simple listed equities to complex derivative products – this role will emphasize Equity Derivatives as the primary focus, alongside coverage of other Asset Classes.

We are seeking a driven and detail-oriented candidate to fill a Business Unit Control role that will focus on performing the daily firm-wide Independent Price Verification (IPV) of all Asset Classes, with a particular emphasis on Equity Derivatives.

Principal Responsibilities

• Compare internal valuations against third-party valuations to identify discrepancies. Investigate and resolve valuation breaks by collaborating with portfolio managers, traders, risk management, valuation experts and third-party vendors.

• Ensure the accuracy and integrity of the valuation process for the hedge fund's investment portfolio.

• Coordinate and manage the year-end audit process, acting as the primary liaison between the hedge fund and external auditors regarding all valuation related queries.

• Identify and implement process improvements to enhance the efficiency and effectiveness of the valuation control framework.

• Prepare and present valuation reports to senior management, highlighting key findings and providing actionable insights.

Qualifications/Skills

• 6+ years of relevant experience in Valuation Control 

• Understanding of derivatives greek p&l attribution with experience in analyzing and explaining P&L

• Able to prioritize in a fast moving, high pressure, constantly changing environment, high sense of urgency

• Interaction primarily with traders, senior management, and valuations team

• Demonstrable thoroughness and strong ownership of work

• Strong communication skills

• Automation/process improvement

• Strong Excel skills (Python/VBA encouraged)

• Knowledge of Bloomberg

• Murex/Imagine/Endur knowledge would be a plus

The estimated base salary range for this position is $70,000 to $160,000, 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.