Risk Controls Manager

Job Description

Risk Controls Manager | Millennium

The Tone:
This is a full-time role at Millennium, located in New York, New York, USA. Millennium is a global, diversified alternative investment firm focused on delivering results for its investors through evolution and innovation. This role is crucial to the firm’s Global Risk Management Department, ensuring robust risk controls for external managers across portfolios. The position supports a sound and controlled trading environment by establishing and maintaining standards for external trading groups, aligning with firm policies and requirements.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person New York, New York, USA
• Pay: $160000–$250000 yearly
• Team: Millennium’s Global Risk Management Department, within the Externals Risk Controls team
• Mission: This person establishes, monitors, and enhances risk control frameworks for external managers to support safe, sound, and compliant trading activities.
• Tech Stack: Excel, PowerPoint, SharePoint, Tableau, SQL, VBA, Jira, Python

What You’ll Actually Do
• Lead: Lead regional oversight of external manager risk controls, partnering with Execution teams and external trading groups to establish effective controls frameworks and address regional requirements.
• Expertise: Serve as the regional subject-matter expert for external trading controls, encompassing onboarding, pre-trade, and post-trade risk management.
• Partnership: Partner with external trading group control functions to establish trading limits, monitor adherence, and manage exceptions.
• Coordination: Coordinate controls reviews, limit assessments, and implementation requirements for onboarding external Portfolio Managers and third-party trading tools.
• Development: Develop and maintain controls dashboards that monitor performance, identify emerging risks, and highlight remediation needs.
• Review: Review significant trading events, assess control implications, and track delivery of agreed remediation plans.
• Contribution: Contribute to the continued enhancement of firm-wide standards, policies, procedures, and governance for external trading activities.

The Must-Haves
• Background: Manager-level professional with core domain knowledge in trading, risk, or controls.
• Experience: 10–15 years of relevant experience, with demonstrated experience designing, implementing, or overseeing trading limits, control frameworks, and exception-management processes.
• Skills: Strong product knowledge across one or more asset classes including equities, futures, options, or commodities; strong project-management skills; excellent written and verbal communication skills; sound judgment with the ability to manage competing priorities.
• Bonus: Experience supporting electronic trading, knowledge of third-party execution platforms and trading tools, proficiency with Excel, PowerPoint, SharePoint, Tableau, SQL, VBA, Jira, and/or Python.