Job Description
Valuation Business Control Associate
Business Unit 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. Middle Office supports all products traded within the firm - ranging from simple listed equities to complex derivative products.
We are looking for a driven and detail-oriented candidate to fill a Business Unit Control role that will be focused on performing the daily firm-wide Independent Price Verification of all Asset Classes.
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, including Equities, Fixed Income, FX, Credit, and other financial instruments.
- 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 - 4+ years of relevant experience in Valuation Control
- Understanding of derivatives Greek P&L attribution with experience in analyzing and explaining P&L
- Ability to prioritize in a fast-moving, high-pressure, constantly changing environment; high sense of urgency
- Interaction primarily with traders, senior management, and valuations
- Demonstrable thoroughness and strong ownership of work
- Strong communication skills
- Experience in automation/process improvement
- Strong Excel skills (Python/VBA required)
- Knowledge of Bloomberg
- Murex/Imagine/Endur knowledge would be a plus
The estimated base salary range for this position is $150,000 to $200,000, 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. Millennium Management, LLC
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