Equity Derivatives Trade Support Specialist

Millennium Management LLC; Greater London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Millennium Management LLC is seeking an Equity Derivatives Trade Support Specialist to join the global Trade Support team. The role focuses on volatility derivatives and collaborating with Portfolio Managers to automate processes and reduce operational risk.

You will monitor trade queues, clear exceptions, and coordinate electronic and non-electronic affirmations across asset classes, while supporting T+1 remediation and escalating issues when needed.

Qualifications

• Experience with traded products, including equity derivatives and volatility products.
• Ability to prioritize multiple deliverables in a fast-paced setting.
• Strong market understanding and awareness of industry changes.
• Collaborative work style with senior stakeholders.

Responsibilities

• Automate and streamline trade capture processes to reduce operational risk and increase speed.
• Support T0 and ensure timely Middle Office service to stakeholders.
• Trade queue: monitor and clear trade exceptions from new executions promptly.
• Monitor Middle Office inboxes and resolve queries from Portfolio Management teams and counterparties.
• Electronic affirmation: coordinate with onshore and offshore teams to match and resolve breaks across asset classes.
• Non-electronic affirmation: ensure risk on non-electronic trades is addressed.
• T+1 support: remediate issues from the previous day in a timely manner.
• Escalate issues to management to prevent erroneous P&L events.

Skills

Equity derivatives

Interpersonal skills

Regulatory awareness

Fast-paced environment

Education

Bachelor's preferred

Tools

MarkitWire

Markit Trade Manager

Bloomberg

Job description

Equity Derivatives Trade Support Specialist

About Millennium

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.

Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.

Meet the Team

The Trade Support team supports the accurate and timely capture of trades across Millennium’s global platform, working closely with internal stakeholders and external counterparties in a dynamic, follow-the-sun operating environment. This Trade Support Specialist role will focus on volatility derivatives, so prior experience with these is highly advantageous.

What You’ll Do

• Work with Portfolio Managers and other internal teams to automate and streamline existing processes to reduce operational risk and increase the speed and efficiency of the trade capture process.
• Broader T0 tasks: ensure that the Middle Office provides a timely and high standard of service to stakeholders, supporting the business with ever-changing initiatives and demands.
• Trade queue: monitor and clear trade exceptions generated by new executions in a timely manner.
• Middle Office inboxes: monitor and resolve queries from Portfolio Management teams and counterparties promptly.
• Electronic affirmation: work with both onshore and offshore teams and with counterparties to match and resolve economic breaks across a range of asset classes.
• Non-electronic affirmation: ensure that the risk on all trades or products that do not go through an electronic platform has been appropriately addressed and mitigated.
• T+1 support: provide support on T+1 to remediate any issues from the previous day in a timely manner, ensuring impacted parties are informed.
• Escalation: elevate to line management, Operational Risk, and the wider management team any failures in the process or potential issues that could create an erroneous P&L event for the firm.

What You Bring

• Previous experience with traded products, including equity derivatives and other complex volatility products.
• Comfortable working in a fast-paced environment, with the ability to prioritize multiple deliverables.
• Strong market understanding and familiarity with industry and regulatory change.
• Ability to balance autonomous work with effective collaboration as part of a team, while managing project delivery alongside business-as-usual requirements.
• Strong interpersonal skills, with the ability to engage daily with senior stakeholders across the firm.
• Familiarity with industry-standard systems, including MarkitWire, Markit Trade Manager, and Bloomberg.