Job Overview
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Job Description
About the Role
As a member of our Equity Risk Management team, you will work closely with the leader of the group to establish and monitor trading parameters, risk guidelines, and performance metrics for Portfolio Managers. Over time, you will partner daily with our Portfolio Managers to conduct onboarding interviews and ongoing risk analysis while also collaborating with other functional groups within the firm.
Principal Responsibilities
- Grow into full risk coverage of company strategies in equity products under the Head of RVFE Risk, including: Interviewing prospective PMs and setting up and managing risk limits; Evaluating trade ideas; Communicating with traders on regular basis.
- Close monitoring of risk drivers across the portfolios under coverage responsibility, and direct communication with management or PMs when these grow beyond established tolerances.
- Research and determine P & L drivers.
- Automate processes and perform ad hoc analyses.
Qualifications/Skills Required
- 3-7 years+ of experience in equity analytics or risk function, preferably at another financial institution. The role can be tailored somewhat based on the candidate’s level of experience.
- Knowledge of equity products, markets, and trading strategies.
- Strong quantitative/analytical/statistical analysis skills.
- SQL, Python (or R), and Excel skills preferred; familiarity with Tableau a plus.
- Results-oriented and fast paced.
- Highly analytical with strong problem-solving skills.
- Strong written and verbal communications with the ability to communicate with traders and senior management.
- Ability to work independently and in ambiguous environments.
- Degree in a technical or quantitative field; Advanced degrees in Financial Engineering or similar field preferred.
Compensation
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.
Key skills/competency
- Senior Risk Analyst
- Equity Risk Management
- Portfolio Management
- Financial Institutions
- Quantitative Analysis
- SQL
- Python
- Excel
- Tableau
- Risk Assessment
How to Get Hired at Millennium
- Tailor your resume: Highlight your 3-7+ years of experience in equity analytics or risk, and showcase your quantitative, analytical, and statistical skills.
- Showcase technical proficiency: Emphasize your experience with SQL, Python (or R), Excel, and any familiarity with Tableau.
- Demonstrate problem-solving: Provide examples of your ability to work independently in ambiguous environments and your strong analytical and problem-solving capabilities.
- Communicate effectively: Prepare to discuss your written and verbal communication skills, and how you can effectively interact with traders and senior management.
- Research Millennium: Understand their focus on risk management and quantitative analysis in equity products.
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