Risk Manager - Algorithmic Trading

We are seeking a Risk Manager - Algorithmic Trading to join our Global Risk Management Department at Millennium, a global alternative investment firm.

The Execution Risk team works to prevent financial loss from malfunctioning or miscontrolled trading systems and protect the firm from regulatory failures. As a Risk Manager, you will assess proposed new and materially modified algorithm documents and their pre- and post-trade controls, with authority to approve, reject or require remediation before deployment or re-release.

Responsibilities:

• Assess proposed new and materially modified algorithm documents and their pre- and post-trade controls
• Verify that controls are implemented as documented and are appropriate for each strategy, product and venue
• Challenge portfolio managers, quants and developers on algorithm design and intent, testing evidence, parameter calibration and change management
• Escalate unresolved control gaps to governance forums and communicate and defend rejection decisions to the business
• Own the algorithm inventory, approval templates and periodic reassessment cycle

Requirements:

• 6+ years of relevant markets experience
• Deep product and market microstructure knowledge of listed derivatives, including futures and options, and deep knowledge of either cash equities or FX and rates
• Demonstrated judgment in assessing whether control designs are appropriate for a strategy and product
• Technical fluency to interrogate code and configuration directly or with AI-assisted tools
• Strong analytical and communication skills