Reference Data Operations Specialist

Who We Are

Founded in 1989, Millennium is one of the largest and longest operating hedge funds in the industry with over $86 billion in assets under management. We allocate capital across more than 300 entrepreneurial portfolio managers that invest in a diverse set of strategies. Our goal is to help our global investors meet their investment objectives by achieving absolute returns with minimal risk over the long-term. We do this by empowering our portfolio managers through proprietary technology and resources at scale, to create a uniquely diversified investment platform.

A Career at Millennium

With more than 6,600 employees, our firm harnesses the entrepreneurial drive of our people. We seek to attract, develop and retain the best talent in the industry. We offer an opportunity to develop your career by working with a leadership team that has years of industry experience across a variety of disciplines. We encourage our team to work together in a collegial and collaborative team-based environment. We empower them to act like owners by making decisions based on a combination of rigorous analysis and an open, creative mentality. This enables us to continuously improve our day-to-day activities, and ultimately the firm as a whole.

Job Description: Reference Data Operations Analyst

General Information

• Hiring Department/Group:          Operations & Middle Office
• Job Title:                                              Reference Data Operations Analyst
• Office Location:                                 New York

The Operations and Middle Office department is one of the largest groups at Millennium. The Data Operations team resides within the Control function of Ops & MO and is responsible for overseeing the firm's Global Security Master through various data quality measures. The team is also responsible for managing processes to onboard new securities and attributes.

This role sits at the intersection of Reference Data and Bank Debt/Leveraged Loans Operations, ensuring all aspects of security setup are completed accurately and on time. The successful candidate will partner with stakeholders across the firm to ensure these assets are operationally serviced, accurately priced and appropriately risk managed, while maintaining the integrity of Millennium's Global Security Master.

We are seeking a driven and thorough professional who is a self-starter with close attention to detail and a strong background in financial services — specifically in Bank Debt, Security Master and Reference Data. If you are motivated by taking the initiative to improve processes, operating efficient BAU activities, and real-time problem solving, we would love to hear from you!

Principal Responsibilities

• Ensuring accurate creation and maintenance of all tradable securities, with a particular focus on bank debt instruments, in Millennium’s Global Security Master
• Oversee the completion of Data Quality control checks via system and business validations
• Create and maintain procedures, workflows and controls to drive operational efficiency
• Liaise and resolve ad hoc issues raised from internal front, middle and back-office clients as well as external data vendors
• Work with Development on requirements, and assist in the design and roll out of new processes, workflows and controls to improve the Security Master and bank debt operations for firm stakeholders
• Spearhead the evaluation and implementation of new vendors and products within the Bank Debt/Leveraged Loan space, driving operational improvements and expanding the firm's data capabilities
• Oversee bank loan lifecycle events including Paydowns/Drawdowns, Interest Rate Resets, PIK Interest Calculations, Delayed Comp Accruals/Calculations and Trade Settlements driving accurate and timely Security Master updates at each stage.

Qualifications/Skills Required

• 5-7+ years of experience in financial services, ideally in operations at a broker-dealer or asset management firm with some experience in Security Master/Reference Data
• Strong knowledge of financial instruments specifically in Bank Debt/Leveraged Loans, Private Debt and other Less Liquid Credit Instruments.
• Experience working with Bloomberg (required), Refinitiv, Wall Street Office, ClearPar, Markit (S&P Global), ICE and other Data Vendors
• Ability to implement and maintain new systems, procedures, and controls
• Understanding of SQL queries, proficient MS Excel
• Strong communication and interpersonal skills, with experience supporting senior stakeholders
• Must be able to meet deadlines and work well with a team environment
• Self-directed, diligent problem solver with a desire to contribute to Millennium’s reputation and success

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