What are the responsibilities and job description for the Valuation Business Control Associate position at Millennium Management, LLC?
Valuation Business Control Associate
Business Unit Control
Operations and Middle Office is one of the largest departments at Millennium. The Middle Office group consists of three inter-connected functions in the post-trade lifecycle : trade support, valuations, and business unit control. Middle Office supports all products traded within the firm - ranging from simple listed equities to complex derivative products.
We are looking for a driven and detail-oriented candidate to fill a Business Unit Control role that will be focused on performing the daily firm-wide Independent Price Verification of all Asset Classes.
Principal Responsibilities
- Compare internal valuations against third-party valuations to identify discrepancies. Investigate and resolve valuation breaks by collaborating with portfolio managers, traders, risk management, valuation experts, and third-party vendors.
- Ensure the accuracy and integrity of the valuation process for the hedge fund's investment portfolio, including Equities, Fixed Income, FX, Credit, and other financial instruments.
- Coordinate and manage the year-end audit process, acting as the primary liaison between the hedge fund and external auditors regarding all valuation-related queries.
- Identify and implement process improvements to enhance the efficiency and effectiveness of the valuation control framework.
- Prepare and present valuation reports to senior management, highlighting key findings and providing actionable insights.
Qualifications / Skills
The estimated base salary range for this position is $150,000 to $200,000, 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.
Salary : $150,000 - $200,000
