About the Role
The European Core Operations team in London supports trading activity across a wide range of asset classes and markets. The team is responsible for maintaining robust front-to-back operational processes and a strong control environment, while partnering closely with various stakeholders in a fast-paced, high-accountability setting.
Responsibilities
- Act as a senior escalation point for Core Operations issues across portfolio managers, trading groups, middle office, technology, finance, risk and external brokers
- Oversee the daily trade, position, cash and lifecycle reconciliation process, ensuring breaks are identified, prioritized, escalated and resolved within required timelines
- Maintain a strong operational control framework through active review of KPIs, KRIs, aging breaks, exception reporting and adherence to firm policies and procedures
- Support the onboarding of new portfolio managers, trading strategies, products, markets and prime broker relationships
- Develop and maintain a detailed understanding of front-to-back operational flows across cash equities and equity swaps, fixed income and repo, credit products, futures and listed options, and FX and related lifecycle events
- Manage operational risk across key lifecycle processes, including corporate actions, option exercises and assignments, futures expiries and deliveries, repo lifecycle events and swap resets
- Partner with internal stakeholders to support new and existing trading flows, ensuring booking models, reconciliations, reporting and escalation processes are operationally robust
- Resolve portfolio manager queries relating to trades, positions, P&L, financing, margin, cash and broker reporting
- Manage and develop relationships with prime brokers, executing brokers, clearing brokers and other external service providers
- Oversee cash, margin and financing-related processes across prime brokers and product classes
- Assist in the training, development and oversight of junior team members, ensuring daily responsibilities are performed to a consistently high standard
- Drive process improvement initiatives, including automation, control enhancements and improved exception management
Requirements
- Relevant experience in hedge fund, investment bank, prime brokerage, or asset management operations
- Strong knowledge of financial instruments and operational processing across multiple asset classes, including equities, swaps, fixed income, repo, futures, options and FX
- Strong understanding of trade booking, settlement, confirmations, reconciliations, lifecycle events, financing, margin and broker reporting
- Familiarity with operational risk, regulatory reporting considerations and control frameworks
- Experience managing or mentoring junior team members
- Strong analytical and problem-solving skills, with the ability to assess operational impact and propose practical solutions
- Excellent communication and interpersonal skills, with the ability to interact confidently with portfolio managers, brokers and internal stakeholders
- Strong sense of urgency, ownership and accountability
- Ability to work independently while contributing effectively to a broader team environment
- Strong Excel skills, with SQL or coding experience preferred
- Familiarity with reconciliation tools and systems
- High attention to detail
- Strong organizational discipline
- Calm and effective under pressure
- Commercial awareness and a risk-focused mindset
- Comfort operating in a fast-moving and constantly evolving environment
- Strong ownership mindset and commitment to operational excellence
Skills
- Excel
- SQL
- Coding
- Reconciliation tools
- Communication
- Interpersonal skills
- Analytical skills
- Problem-solving skills
Location
- London
Work Type
- Full-time
Experience Level
- Senior
Education Level
- Undergraduate degree or equivalent professional experience
About the Company
- Millennium is a global, diversified alternative investment firm, founded in 1989.
- Defined by evolution, innovation and focus, Millennium’s 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.
