Algo Trading Risk Lead — Governance & Controls

Millennium Management LLC; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

Millennium is seeking a Risk Manager specializing in Algorithmic Trading to assess and govern proposed algorithm changes, ensuring pre- and post-trade controls are robust and properly documented. You will review code and testing evidence, challenge methodologies, and escalate gaps to governance bodies.

You will own the controls inventory and drive standardization across risk, tech, and compliance functions.

Qualifications

• 6+ years of relevant markets experience.
• Deep knowledge of listed derivatives including futures and options.
• Ability to withhold approval under pressure and sign-off under supervision.
• Technical fluency to interrogate code and configuration, including AI-assisted tools.
• Production development experience is not required.

Responsibilities

• Assess proposed new or modified algorithm documents and pre-/post-trade controls for deployment or re-release.
• Review code, configuration and test evidence using AI-assisted code analysis tools.
• Challenge portfolio managers, quants and developers on design, testing, calibration and change management.
• Escalate unresolved control gaps to governance forums and defend rejection decisions to the business.
• Own the algorithm inventory, approval templates and periodic reassessment cycle, including the annual UK MiFID RTS 6 self-assessment.
• Advance standardization of the governance framework across Risk, Business, Technology, Compliance, Execution Services and Management.

Skills

Risk management

Pre- and post-trade controls

Governance & sign-off

Analytical thinking

Communication to senior management

Tools

Python

SQL

KDB/Q

Job description

Millennium is seeking a Risk Manager specializing in Algorithmic Trading to assess and govern proposed algorithm changes, ensuring pre- and post-trade controls are robust and properly documented. You will review code and testing evidence, challenge methodologies, and escalate gaps to governance bodies.

You will own the controls inventory and drive standardization across risk, tech, and compliance functions.