Fixed Income Valuation Analytics

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

Benefits offered by this job

Job summary

Millennium is seeking a Fixed Income Valuation Analytics professional to maintain intraday pricing and end-of-day valuation procedures for the firm’s trading positions.

You will publish official end-of-day marks and curves, build and maintain pricing models for fixed-income products, coordinate new product setup with Operations, Risk Management and Technology, and serve as the main point of contact for portfolio managers on P&L and pricing matters.

Qualifications

• Strong knowledge of fixed-income products and markets.
• Bachelor’s degree with strong academics.
• Programming in Python/VBA to analyze time series and automate tasks.
• Experience with OTC futures curves and pricing models.
• Collaborative with Technology and Risk teams.

Responsibilities

• Maintain intraday pricing and end-of-day valuation procedures.
• Publish and sign off on official end-of-day marks and curves.
• Build and maintain pricing models and OTC curves.
• Coordinate new product setup with Operations, Middle Office, Risk, and Technology teams.
• Serve as primary contact for portfolio managers on P&L, pricing, and related setup matters.
• Analyze P&L, risk, and pricing with cross-functional teams.
• Ensure valuation policies and procedures are followed accurately.

Skills

Fixed-income knowledge

Analytical thinking

Detail-oriented

Communication skills

Ownership

Education

Bachelor's degree in finance, economics, or related field

Tools

Python

VBA

Bloomberg Terminal

Reuters

Time series analysis

Job description

Fixed Income Valuation Analytics

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 P&L and Valuation Analytics team, within Middle Office, is responsible for intraday and end-of-day valuation of the firm’s trading positions. The team partners closely with Risk Management and Technology to integrate and calibrate pricing models, incorporate market data feeds, and produce the firm’s official valuations. In collaboration with Risk Management, the team also designs and implements processes and workflows that support the valuation of new products and asset classes.

What You\'ll Do

• Maintain, monitor, and enhance procedures and controls supporting intraday pricing and end-of-day valuation of financial instruments.
• Publish and sign off on the firm’s official end-of-day marks and curves, and manage related P&L processes.
• Build and maintain pricing models, mark OTC curves, and support the valuation of products across asset classes.
• Coordinate new product and security setup with Operations, Middle Office, Risk Management, and Technology teams.
• Serve as a primary point of contact for portfolio managers, coordinating the resolution of P&L, pricing, position, technology, risk, and security setup matters.
• Analyze P&L, risk, and pricing processes and partner with Front Office, Technology, Risk Management, and Operations on cross-functional projects.
• Ensure valuation policies and procedures are followed accurately and consistently.

What You Bring

• Strong product knowledge across sectors and tradable instruments, specifically fixed-income products.
• Bachelor’s degree from an accredited university or college with a strong academic record.
• Programming experience using Python and/or VBA to analyze time series and automate processes.
• Working knowledge of options pricing models, Greeks-based P&L attribution, volatility configurations, and interpolation and extrapolation methodologies.
• Experience building and maintaining OTC futures curves.
• Experience partnering with Technology teams as a product owner to prioritize work, define requirements, build systems, and resolve issues.
• Proficiency with Bloomberg and Reuters, along with experience documenting procedures.
• Strong attention to detail, ownership, communication skills, urgency, and ability to learn quickly.