External Funds Relationship Manager

Millennium Management LLC; New York (NY); On-site; USD 160,000 - 250,000; Full time

Job summary

A leading financial services firm is seeking an External Funds Relationship Manager to oversee crucial relationships with external partners. This role demands expertise in both Core Operations and project management within a hedge fund environment. It involves managing onboarding processes, enhancing operational efficiency, and navigating complex integrations. The successful candidate will ensure smooth operations for external funds, working collaboratively across teams while enhancing workflow efficiencies and addressing fund-specific requirements.

Qualifications

• Core Operations or Middle Office experience at a hedge fund.
• Proven track record in project management, planning, and execution.

Responsibilities

• Manage onboarding process and ensure operational efficiency.
• Build and maintain relationships with External Funds.
• Lead process improvements and streamline workflows.

Skills

Organizational skills

Project management skills

Communication

Interpersonal abilities

Detail-oriented mindset

Job description

External Funds Relationship Manager

We are seeking a highly skilled and detail-oriented professional to oversee all aspects of the relationship with our External Funds. This role requires a strong background in Core Operations or Middle Office within a hedge fund, combined with project management expertise. The External Funds Relationship Manager will be responsible for managing the onboarding process, coordinating with internal teams, and ensuring smooth day-to-day operations. This role involves navigating the complexities of integrating external funds into Millennium’s ecosystem, including trading system integration, asset class diversity, and customized agreements

Key Responsibilities:

• External Fund Onboarding:

  • Develop and execute tailored onboarding plans for External Funds, addressing their unique requirements.

  • Manage the integration of external trading systems with Millennium’s ecosystem, including extensive testing and validation.

  • Coordinate with internal teams (Trade Support, Finance, P&L Team, Valuations, etc.) to ensure seamless onboarding and operational readiness.

• Relationship Management:

  • Serve as the primary point of contact for External Funds, building strong relationships and addressing inquiries or issues promptly.

  • Ensure operational efficiency and accuracy by overseeing day-to-day functions and resolving challenges.

• Complexity Management:

  • Navigate the diverse needs of External Funds, including varying asset classes, trading systems, payout agreements, and financing rules.

  • Collaborate across departments to address fund-specific requirements and mitigate risks.

• Process Improvement & Project Management:

  • Lead initiatives to streamline onboarding workflows and improve operational processes.

  • Manage testing, integration, and cross-functional coordination to ensure compatibility and functionality of external systems.

Qualifications:

• Required Experience:

  • Core Operations or Middle Office experience at a hedge fund is essential.

  • Proven track record in project management, including planning, execution, and cross-functional coordination.

• Skills:

  • Strong organizational and project management skills.

  • Excellent communication and interpersonal abilities.

  • Ability to manage complex integrations, including trading system testing and validation.

  • Deep understanding of diverse asset classes, trading systems, payout agreements, and financing rules.

  • Detail-oriented with a proactive, solutions-driven mindset.

The estimated base salary range for this position is $160,000 to $250,000, 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.