Valuation Specialist

Millennium Partners New York , NY 10007

Posted 2 months ago

Valuation Specialist

Firm Overview

Who We Are

Founded in 1989, we are one of the largest and longest operating hedge funds in the industry with over $38+ billion in assets under management. We allocate capital across more than 200 entrepreneurial portfolio managers that invest in a diverse set of strategies. Our goal is to help our global investors meet their investment objectives by achieving absolute returns with minimal risk over the long-term. We do this by empowering our portfolio managers through proprietary technology and resources at scale, to create a uniquely diversified investment platform.

A Career at Millennium

With more than 3,000 employees, our firm harnesses the entrepreneurial drive of our people. We seek to attract, develop and retain the best talent in the industry. We offer an opportunity to develop your career by working with a leadership team that has years of industry experience across a variety of disciplines. We encourage our team to work together in a collegial and collaborative team-based environment. We empower them to act like owners by making decisions based on a combination of rigorous analysis and an open, creative mindset. This enables us to continuously improve our day-to-day activities, and ultimately the firm as a whole.

Job Description:
Valuation Specialist

General Information

  • Hiring Department/Group: Operations & Middle Office

  • Job Title: Valuation Specialist

  • Office Location: 666 Fifth Ave, NY, NY

Principal Responsibilities

The successful candidate will build pricing models, mark OTC curves, setup new products, observe and analyze P&L/risk/pricing processes in addition to liaising between front office, technology, risk management and operations on various initiatives.

The role will be focused on valuations for Commodities, Equities, Foreign Exchange, and Fixed Income products.

  • Pricing responsible for monitoring the intra-day and end of day pricing within the firm. In conjunction with risk and technology, establish procedures and methods for the pricing of instruments within the firm for both real-time and end of day. Responsible for publishing and signing off on the firm's official end of day marks per instrument.

  • Primary Interface the middle office function will be the primary interface for portfolio managers. As a single place that the portfolio managers can go to resolve pricing, position, technology, risk and security related issues. The Middle Office will co-ordinate with the various departments to resolve all issues for the portfolio managers and co-ordinate the resolution of those issues.

  • P&L Attribution - understand and explain the drivers of P&L.

Qualifications/Skills Required

  • 5+ years of experience

  • Master's Degree is a plus

  • Knowledge of some programming languages (VBA, SQL, MATLAB, R, etc.)

  • Knowledge of Bloomberg and Reuters is required

  • Knowledge of commodities contract specs off of ICE & NYMEX

  • Experience marking and/or product control (IPV) of OTC curves

  • Experience working with trading desks

  • Experience in analyzing and reporting on P&L

  • Knowledge of Murex, Imagine, Openlink, Geneva is a plus

  • Detail oriented; demonstrates thoroughness and strong ownership of work

  • Good team player with a strong willingness to participate and help others

  • Able to prioritize in a fast moving, high pressure, constantly changing environment; good sense of urgency

  • Strong communication skills and a quick learner

  • No agencies please*

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Valuation Specialist

Millennium Partners