Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets. Defined by evolution, innovation and focus, Millennium's mission is to deliver high-quality returns for our investors. Millennium seeks to empower talented professionals with the sophisticated expertise, resources and technology to pursue a diverse range of investment strategies across industry sectors, asset classes and geographies.
Job Overview
We are seeking a highly skilled and experienced professional to join our team as a PB Futures and Cleared Products Margin Process Specialist. The ideal candidate will have 6-8 years of experience in managing cleared products and a strong understanding of margin processes. Expertise in, margin calculations, and a deep knowledge of PB, Futures is essential. The candidate will play a critical role in ensuring accurate and efficient margin processing, reconciliation, and collaboration with stakeholders.
Key Responsibilities
- Manage day-to-day operations for the PB, Futures and cleared products margin process.
- Accurately calculating and process margin calls across multiple counterparties.
- Handle margin settlements, reconciliations, and ensure timely resolution of breaks.
- Investigate and resolve discrepancies in margin calculations and settlements in collaboration with counterparties.
- Act as a primary point of contact for onshore teams, brokers, and clearinghouses to ensure smooth communication and resolution of margin-related issues.
- Adhere to regulatory and compliance standards in margin processing and reporting.
- Proactively manage and mitigate risks by ensuring robust controls are in place.
- Provide guidance and training to junior team members on processes, tools, and best practices.
- Assist in cross-training and knowledge-sharing initiatives to build depth and redundancy in the team.
Preferred Skills
- Knowledge of ISDA documentation and related collateral agreements.
- Experience with automation tools like Tableau or Alteryx for process efficiency.
- Familiarity with treasury operations and cleared product workflows.
Required Skills And Experience
- 6-8 years of experience in PB , Futures & cleared products and margin processes.
- Strong expertise in margin calculations and reconciliation processes.
- Excellent understanding of margining concepts across products such as PB Futures, Cleared Derivatives, and Repo.
- Understanding of swift payment instructions and mechanics.
- Understanding of ISDA/REPO CSA agreements.
- Familiarity with managing broker relationships and margin settlements.
- Strong analytical and problem-solving skills with attention to detail.
- Proficient in Microsoft Excel (advanced functions, macros, and data handling).
- Effective communication skills to liaise with global teams and stakeholders.
- Ability to work independently and manage multiple tasks efficiently.
- Candidate should be willing to do night shifts.
