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.