Risk Controls Manager, Asia – External Manager Risk Controls

Job Description

Risk Controls Manager, Asia | Millennium

The Tone:
Millennium is a global, diversified alternative investment firm, founded in 1989, defined by evolution, innovation, and focus on delivering results for investors. This is a full-time role at Millennium, located in Asia. Our firm empowers its people with independence and support, fostering an environment of collaboration, disciplined risk management, and continuous learning. This role is crucial for identifying, measuring, and reporting on onboarding, pre-trade, and post-trade controls across the firm, aiming to mitigate potential risks from external managers’ trading activities and protect the firm’s financial and operational well-being.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, Asia

• Team: The Externals Risk Controls team identifies, measures, and reports on onboarding, pre-trade, and post-trade controls, reporting to the Global Head of Externals Risk Controls.
• Mission: To identify and mitigate potential risks arising from external managers trading activities and help protect the firm’s financial and operational well-being.
• Tech Stack: Excel, PowerPoint, SharePoint, Tableau, SQL, VBA, Jira, Python

What You’ll Actually Do
• Lead: Own regional responsibility for external managers risk controls, partnering with regional Execution teams and external trading groups to establish appropriate controls frameworks and address region-specific requirements.
• Expertise: Serve as the regional subject-matter expert on external trading controls, covering onboarding, pre-trade, and post-trade risk management.
• Collaboration: Partner with the control functions of external trading groups to design and set trading limits, monitor adherence, and manage exceptions effectively.
• Oversight: Coordinate control reviews, limit assessments, and implementation requirements for the onboarding of external Portfolio Managers and third-party trading tools.
• Monitoring & Enhancement: Develop and maintain controls dashboards to monitor performance, highlight emerging risks, and track remediation, while also contributing to the ongoing enhancement of firm-wide standards, policies, procedures, and governance for external trading activities.

The Must-Haves
• Background: Manager-level professional with 10–15 years of relevant experience, preferably in a trading, risk, or controls role, with highly desirable experience supporting electronic trading.
• Experience: Demonstrated ability in designing, implementing, or overseeing trading limits, control frameworks, and exception-management processes.
• Skills: Strong product knowledge across equities, futures, options, or commodities; excellent project-management skills to prioritize remediation and enhancements; and strong verbal and written communication abilities to build consensus and influence senior stakeholders.
• Bonus: Preferred knowledge of third-party execution platforms and trading tools, plus desirable proficiency in Excel, PowerPoint, SharePoint, Tableau, SQL, VBA, Jira, and/or Python.