Risk Opportunities

Risk Opportunities

Millennium Management is seeking a highly experienced Markets Rates Trader and Risk Analyst to join our Risk Department. This role is responsible for analyzing and managing risk across senior portfolio manager groups, leveraging deep expertise in developed markets rates trading, mathematical and statistical skills, and proficiency in Python for data analysis and visualization. The ideal candidate will bring substantial expertise in developed markets rates trading, including interest rate, derivatives, and commodities products. They should also possess strong mathematical and statistical skills, be proficient in Python for data analysis and visualization, and have a track record of profitability and effective portfolio risk management.

Responsibilities

• Collaborate with senior portfolio manager groups to identify, analyze, and mitigate risks in portfolios.
• Assess market exposures, stress testing scenarios, and portfolio sensitivities
• Provide insights into risk factors, correlations, and dependency structures using advanced statistical techniques.
• Utilize Python for data cleaning, time series analysis, statistical modeling, and visualizations.
• Present data-driven insights clearly and effectively to stakeholders and senior management.
• Evaluate pricing frameworks for financial instruments such as interest rate options, inflation derivatives, and structured products.

Qualifications

• 5+ years of experience in developed markets rates trading, risk management, or related areas.
• Strong mathematical and statistical skills, including a deep understanding of probability theory, stochastic processes, and risk metrics.
• Proven track record managing interest rate options, inflation derivatives, or similar instruments with consistent profitability.
• Experience working on global macro strategies or derivatives hedging is a plus.

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.