Product Control / Business Unit Control Equity Derivatives

Operations and Middle Office is one of the largest departments at Millennium. The Middle Office group comprises three interconnected functions across the post-trade lifecycle: Trade Support, Valuations, and Product Control / Business Unit Control. Within Product Control / Business Unit Control, the primary responsibilities are P&L reporting and the Independent Price Verification (IPV) process. Middle Office supports a broad range of products traded across the firm, from listed equities to complex derivative products.

We are seeking a driven, detail-oriented professional to join Product Control / Business Unit Control, with a primary focus on the daily firmwide IPV process for Equity Derivatives. The ideal candidate will have experience with Equity Autocallables; however, given the specialist nature of the product, we are also keen to consider candidates with broader Exotic Equity Derivatives experience.

Principal Responsibilities

• Perform daily Independent Price Verification (IPV) for Equity Derivatives by comparing internal valuations against external and third-party marks, investigating discrepancies, and resolving valuation breaks.

• Partner with valuation specialists, trade support, front office, and external pricing vendors to maintain a robust valuation control framework and accurate reporting.

• Support P&L reporting, including analysis and explanation of valuation and P&L movements, with a focus on derivatives and Greek-based attribution.

• Support year-end audit activities and serve as a key contact for external auditors on valuation-related matters.

• Drive process improvements and automation to enhance the efficiency, control, and scalability of the IPV and P&L reporting framework.

Qualifications / Skills

• 6+ years of relevant experience in Equity Derivatives Product Control.

• Strong experience with Equity Derivatives, ideally Equity Autocallables; candidates with broader Exotic Equity Derivatives experience are also encouraged to apply.

• Strong understanding of derivatives Greeks, P&L attribution, and IPV / valuation control processes.

• Ability to operate effectively in a fast-paced, high-pressure, and constantly evolving environment.

• Proven ability to interact confidently with traders, valuation teams, and senior management.

• Strong attention to detail, ownership, and control mindset.

• Excellent verbal and written communication skills.

• Demonstrated experience with automation and process improvement, including the ability to leverage AI tools to streamline workflows and improve operational efficiency.

• Strong Excel skills and knowledge of Bloomberg.

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 individuals experience level and the qualifications they bring to the role to formulate a competitive total compensation package.