Operations Analyst - Listed Derivatives

Millennium; Greater London; On-site; GBP 45,000 - 65,000; Full time

Job summary

Millennium, a global investment firm, is seeking an Operations & Middle Office professional to manage daily listed derivatives activities, from trade support to settlement and reconciliation. The role involves cross-border coordination with teams in London, New York, Singapore and Bangalore, and there is a focus on process improvements through automation and AI-enabled tools.

The candidate will monitor expiry calendars, assist with rollovers and deliveries, investigate reconciliation breaks, and

Qualifications

• 2+ years in financial operations, middle office, trade support, or related role.
• Solid understanding of listed derivatives lifecycle from execution through settlement, including options exercise and expiry.
• Familiarity with trade reconciliation, clearing and broker billing.
• Experience with bond futures and global derivatives markets; JIRA or similar project-tracking tools; AI/automation platforms advantageous.
• Strong attention to detail and ability to work under time pressure, especially during expiry cycles.
• Excellent written and verbal communication with internal stakeholders and external counterparties.
• Comfort working with data and spreadsheets and willingness to learn reconciliation, trading and operational systems.

Responsibilities

• Process and control daily listed derivatives activity from trade support through settlement and reconciliation.
• Monitor global exchange expiry calendars and support delivery management, exercise decisions, assignment activity and clearing workflows.
• Support futures rollovers, settlement, expiry and delivery, including bond-futures coordination with brokers and counterparties.
• Investigate daily reconciliation breaks, identify root causes and drive timely resolution with stakeholders.
• Administer give-up agreements, commission tracking, broker billing, and accurate fee structures.
• Support account setup, documentation, and readiness for new fund launches and mandates.
• Coordinate with trading, risk, technology, prime brokers, clearing brokers and exchanges to resolve queries; collaborate across London, NY, Singapore, and Bangalore.

Skills

Derivatives lifecycle

Trade support

Data analysis

Attention to detail

Stakeholder communication

JIRA

AI/Automation interest

Tools

JIRA

Job description

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.

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 Operations & Middle Office team supports the firm’s global business through controlled, efficient operational processes. The Listed Derivatives Core Operations team provides end-to-end operational coverage for listed derivatives across a multi-strategy hedge fund environment, working closely with colleagues in New York, Singapore, and Bangalore.
Based in London, the team supports the full lifecycle of futures and options—from trade support and daily reconciliation through settlement, expiry, delivery, broker administration, and account onboarding.

What You’ll Do

• Process and control daily listed derivatives activity, from trade support through settlement and reconciliation.
• Monitor global exchange expiry calendars and support delivery management, exercise decisions, assignment activity, and clearing workflows.
• Support futures rollovers, settlement, expiry, and delivery, including bond-futures delivery coordination with clearing brokers and counterparties.
• Investigate daily reconciliation breaks across clearing brokers, identify root causes, and drive timely resolution with internal and external stakeholders.
• Administer give-up agreements, commission tracking, broker billing, and accurate fee structures.
• Support account setup, documentation, and operational readiness for new fund launches and mandates.
• Coordinate with trading, risk, technology, prime brokers, clearing brokers, and exchanges to resolve trade and operational queries, and work with colleagues across London, New York, Singapore, and Bangalore for effective handovers and continuous coverage.
• Identify process improvements through automation and AI-enabled tools, including reconciliation-break analysis, reporting, operational monitoring, and data analysis.

What You Bring

• 2+ years in financial operations, middle office, trade support, or a related role.
• Sound understanding of the listed derivatives lifecycle from execution through settlement, including options exercise, assignment, expiry, and clearing, plus futures rollover, settlement, and delivery workflows.
• Familiarity with trade reconciliation, clearing and margin workflows, give-up agreements, commission structures, and broker billing beneficial.
• Experience with bond futures and physical-delivery processes, global listed derivatives markets, JIRA or similar project-tracking tools, and AI/automation platforms advantageous.
• Strong attention to detail and the ability to work accurately under time pressure, particularly during expiry cycles.
• Strong analytical and problem-solving skills to investigate discrepancies, manage data, and progress issues through to resolution, with excellent written and verbal communication, including clear, professional communication with internal stakeholders and external counterparties.
• Comfort working with data and spreadsheets, and willingness to learn reconciliation, trading, and operational systems.
• A proactive, collaborative mindset, with the ability to work effectively with globally distributed teams across time zones, and an interest in using AI tools and automation to improve processes, controls, analysis, reporting, and monitoring.