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Risk Controls Manager

ExperiencedNo visa sponsorship
Millennium logo

at Millennium

Hedge Funds

Posted 11 days ago

No clicks

**Risk Controls Manager** leads regional oversight of external manager risk controls at Millennium, partnering with teams to establish effective frameworks. This role requires a senior-level candidate (10-15 years) with trading, risk, or controls experience, preferably in electronic trading. Duties include managing trading limits, coordinating controls reviews, developing dashboards, and enhancing firm-wide standards. Essential skills comprise strong product knowledge across multiple asset classes, project management, and clear communication. Proficiency in tools like Excel, Tableau, SQL, and Jira is desirable.

Compensation
$160,000 – $250,000 USD

Currency: $ (USD)

City
New York City
Country
United States

Full Job Description

Risk Controls Manager

About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millenniums mission is to deliver results for our investors.

Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.


Meet the Team
Millenniums Global Risk Management Department identifies, measures, monitors, manages and reports on risks across the firms portfolios, with a focus on market, credit and liquidity risk.

The Externals Risk Controls team oversees onboarding, pre-trade and post-trade controls for external managers across the firm. Partnering closely with Risk Management, Compliance, Operations, Trading Services, Execution and Business Management, the team develops and maintains standards, policies and procedures for external trading groups, supporting a safe, sound and controlled trading environment aligned with firm policies and applicable requirements.


What You'll Do
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.
Serve as the regional subject-matter expert for external trading controls, including onboarding, pre-trade and post-trade risk management.
Partner with external trading group control functions to establish trading limits, monitor adherence and manage exceptions.
Coordinate controls reviews, limit assessments and implementation requirements for onboarding external Portfolio Managers and third-party trading tools.
Promote clear, consistent application of the pre-trade and post-trade risk controls framework across regional external trading groups.
Develop and maintain controls dashboards that monitor performance, identify emerging risks and highlight remediation needs.
Review significant trading events, assess control implications and track delivery of agreed remediation plans.
Contribute to the continued enhancement of firm-wide standards, policies, procedures and governance for external trading activities.


What You Bring
1015 years of relevant experience in trading, risk or controls; experience supporting electronic trading is highly desirable.
Strong product knowledge across one or more asset classes, including equities, futures, options or commodities.
Demonstrated experience designing, implementing or overseeing trading limits, control frameworks and exception-management processes.
Strong project-management skills, with the ability to balance immediate remediation priorities with medium-term control enhancements.
Excellent written and verbal communication skills, with the ability to build consensus and influence senior stakeholders across functions and regions.
Sound judgment and the ability to operate effectively in a fast-paced environment while managing competing priorities and maintaining delivery focus.
Knowledge of third-party execution platforms and trading tools is preferred.
Proficiency with Excel, PowerPoint, SharePoint, Tableau, SQL, VBA, Jira and/or Python is desirable.


Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York City and may change in the future. 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.

Risk Controls Manager

Compensation

$160,000 – $250,000 USD

City: New York City

Country: United States

Millennium logo
Hedge Funds

11 days ago

No clicks

at Millennium

ExperiencedNo visa sponsorship

**Risk Controls Manager** leads regional oversight of external manager risk controls at Millennium, partnering with teams to establish effective frameworks. This role requires a senior-level candidate (10-15 years) with trading, risk, or controls experience, preferably in electronic trading. Duties include managing trading limits, coordinating controls reviews, developing dashboards, and enhancing firm-wide standards. Essential skills comprise strong product knowledge across multiple asset classes, project management, and clear communication. Proficiency in tools like Excel, Tableau, SQL, and Jira is desirable.

Full Job Description

Risk Controls Manager

About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millenniums mission is to deliver results for our investors.

Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.


Meet the Team
Millenniums Global Risk Management Department identifies, measures, monitors, manages and reports on risks across the firms portfolios, with a focus on market, credit and liquidity risk.

The Externals Risk Controls team oversees onboarding, pre-trade and post-trade controls for external managers across the firm. Partnering closely with Risk Management, Compliance, Operations, Trading Services, Execution and Business Management, the team develops and maintains standards, policies and procedures for external trading groups, supporting a safe, sound and controlled trading environment aligned with firm policies and applicable requirements.


What You'll Do
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.
Serve as the regional subject-matter expert for external trading controls, including onboarding, pre-trade and post-trade risk management.
Partner with external trading group control functions to establish trading limits, monitor adherence and manage exceptions.
Coordinate controls reviews, limit assessments and implementation requirements for onboarding external Portfolio Managers and third-party trading tools.
Promote clear, consistent application of the pre-trade and post-trade risk controls framework across regional external trading groups.
Develop and maintain controls dashboards that monitor performance, identify emerging risks and highlight remediation needs.
Review significant trading events, assess control implications and track delivery of agreed remediation plans.
Contribute to the continued enhancement of firm-wide standards, policies, procedures and governance for external trading activities.


What You Bring
1015 years of relevant experience in trading, risk or controls; experience supporting electronic trading is highly desirable.
Strong product knowledge across one or more asset classes, including equities, futures, options or commodities.
Demonstrated experience designing, implementing or overseeing trading limits, control frameworks and exception-management processes.
Strong project-management skills, with the ability to balance immediate remediation priorities with medium-term control enhancements.
Excellent written and verbal communication skills, with the ability to build consensus and influence senior stakeholders across functions and regions.
Sound judgment and the ability to operate effectively in a fast-paced environment while managing competing priorities and maintaining delivery focus.
Knowledge of third-party execution platforms and trading tools is preferred.
Proficiency with Excel, PowerPoint, SharePoint, Tableau, SQL, VBA, Jira and/or Python is desirable.


Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York City and may change in the future. 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.