EMEA Core Operations Manager

London, England, United Kingdom

12/18/2024

Job Description: Operations Manager

Millennium Management is a global hedge fund with more than 5,000 employees spread across offices in the United States, Europe, and Asia. Founded in 1989, we employ a global multi-strategy investment approach, opportunistically engaging in a broad array of trading and investing strategies. Over the last 35 years, Millennium has distinguished itself from other investment management firms through our consistent ability to generate returns that have not been correlated to the general market. The talent and dedication of our people are critical to our success. We offer an opportunity for developing one’s professional career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment. We also offer a broad range of competitive benefits on a global basis.

General Information

• Hiring Department/Group: European Operations and Middle Office
• Job Description: Operations Manager
• Office Location: London
  
  

Job Function Summary

The suitable candidate will be required to act as senior manager within a fast paced, deadline driven, high-volume environment.

As a senior member of the Core Operations team, the candidate will act as a primary escalation standpoint for all issues of business concerning internal stakeholders and external brokers.

Responsibilities include maintaining the businesses overall operational control framework by detailed review of operational KPIs and KRIs and adhering to the firms operational policy and protocols. As a principle contact across a broad range of asset classes, including Bonds/Repo, Cash Equity/Swap, FX and Futures; they will be required to gain a thorough understanding of all front-to-back business flows to identify and prevent items that may create operational risk.

The position requires strong organizational skills, strong attention to detail and an ability to manage a number of tasks at once, adhering to tight deadlines. The candidate should have good familiarity and appreciation of matter concerning trading, risk, compliance and financial regulation.

The Operation Manager will also oversee a number of daily processes with a particular focus on overall trade reconciliations and life cycle management, including; Corporate Actions, Option exercise & assignments and Futures expiration and deliveries.

Principal Responsibilities

• Assist with the onboarding of new PMs, investment strategies, products and markets
• Assist in the training and development of junior employees within the Core Operations
• Have an in depth understanding of the mechanics, practical applications and processing of Equity (swap and cash) Fixed income, Credit, Swap, Futures and FX products.
• Overseeing risk by ensuring timely completion and reporting of all trade and position breaks on T+1
• Supporting operational infrastructure for new and existing trade flows
• Resolving portfolio manager trade and PnL queries
• Interacting and managing relationship with the internal trading groups and prime brokers
• Cash management between different PBs
• Detailed understanding of financing and margin requirements across all product classes
• Managing line-individuals to ensure Core Operational duties are performed to the highest standard
  
  

Qualifications/Skills Required

• Undergraduate Degree or above is preferred
• Relevant experience in IB/HF operations
• Strong knowledge across a range of financial instruments
• TLM / Imagine/ Gresham experience an advantage
• Strong communication and interpersonal skills
• Able to prioritize in a fast moving, high pressure, constantly changing environment;
• High sense of urgency
• Strong organizational and problem solving skills
• Must be able to work independently
• Strong Excel/SQL knowledge
• Quick learner, Detail oriented; Demonstrable thoroughness and strong ownership of work