As a member of our Credit Risk team you will assist the leaders of the group to monitor and report trading parameters, risk guidelines, and performance metrics for Portfolio Managers across a variety of strategies including long/short systematic and fundamental credit, cap-structure & convertible arbitrage, and credit derivatives. Over time, you will partner daily with our Senior Risk Managers to conduct ongoing risk analysis while also collaborating with other functional groups within the firm.

In addition, this individual will need to have the communication and leadership skills to interact with senior management, work closely with senior members of the Risk Management and Risk Technology teams, and speak with portfolio managers.

Principal Responsibilities

• Support senior risk managers to monitor VaR, stress and other risk limits, highlight and resolve limit overages, and engage in regular discussions with Portfolio Managers.
• Monitor and assist in creating reports and presentations to explain risk and performance metrics
• Act as a nexus between senior management, technology, and quant teams to identify and prioritize analytics needs & gaps. Translate senior management needs into implementable specifications. Continue updating and summarizing technical details to senior management throughout the development cycle and assist in integrating new technical capabilities into their workflow.
• Assist in automating processes and perform ad hoc analyses, build and enhance tools and models to manage risks drivers across products in area of coverage

• Opportunity to grow into full risk coverage of company strategies in corporate credit, cap-structure and convertible arbitrage under senior risk managers, including: Interviewing prospective PMs and setting up and managing risk limits; evaluating trade ideas

Qualifications/Skills Required

• 1-3 years of experience in Fixed Income Analytics, Risk (preferably Front Office Risk) or trading function, at another financial institution
• Product knowledge of credit and convertible asset classes including straight and convertible bonds, CDS, loans, equities and options
• Strong quantitative/analytical/statistical analysis skills
• SQL, Python (or R), and Excel skills a preferred; familiarity with Shiny (an R package), Bloomberg API and VBA a plus
• Results-oriented and fast paced
• Highly analytical with strong problem solving skills
• Ability to work independently and in ambiguous environments
• Strong interpersonal skills, with the ability to communicate with senior leaders including management and Portfolio Managers
• High sensitivity to details and strong sense of urgency, and strong organizational skills. Ability to reason through and solve open ended questions
• Ability to summarize and articulate PM requests and risk exposure to Senior Management

The estimated base salary range for this position is $70k to $160k, 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.