Millennium Management LLC is a global hedge fund with more than 5500 employees and offices in North America, Europe and Asia. We pursue a global multi-strategy approach to investing, seeking to achieve above-average risk-adjusted returns. Our global investment strategies include: Relative Value Fundamental Equity, Statistical Arbitrage, Fixed Income, Merger Arbitrage, Futures/Currency, and Options among others.

The talent and dedication of our people are critical to our success. We offer an opportunity for developing one’s professional career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment. We also offer a broad range of competitive benefits on a global basis.

General Information

• Hiring Department/Group: Operations
• Job Title: Futures/Operations Manager/Lead
• Office Location: Bengaluru

Job Function Summary

The Operation Manager will be responsible for overseeing the daily support of all trading activities related to the Futures and Options Business. Candidate should be able to work in fast paced environment and one that is continually changing/developing. Candidate must be proactive in adapting workflow to accomodate needs of the business, and must understand the importance of automation and the role it plays in keeping up with trade volume and scaling the business. Candidate must also understand the importance of identifying control gaps and solving for them tactically and strategically.

Principal Responsibilities

• Lead and develop the futures and options core operations team in India

• Oversee delivery obligations of the firm’s future & options positions
• Manage and oversee lifecycle events for the firm’s futures positions
• Initiate position management transfers of futures positions across FCMs
• Coordinate amongst various internal and external stakeholders, to maintain controls, mitigate risk, and resolve trade/position related issues efficiently and effectively

• Initiate, lead and partner on global and local initiatives and work with colleagues across the firm to implement process changes/improvements
• Establish working relationships with trading teams in order to answer daily queries in a prompt and controlled manner
• Oversee Daily Top day and T+1 matching
• Oversee trade/position/cash/market value reconciliations in TLM/Gresham CTC. Ensure the Total equity balances are minimal at EOD
• Oversee daily trade settlements/fails and fail resolution
• Oversee corporate action processing
• Oversee PB billing, commissions, and daily transfers of balances across prime brokers.
• Over see accuracy of life cycle events and control
• Mitigate operational risk by ensuring timely completion of recs and resolution of breaks.
• Solidify relationships with multiple prime brokers/custodians
• Coordination with various internal departments on trade issues (business, trading, technology, accounting, middle office, compliance, legal)
• Produce and regularly update policies and procedures
• Focus on process enhancement and efficiency. Identify process gaps and weak controls.
• Create a culture risk, control, escalation and urgency

Qualifications/Skills Required

• Bachelors’ degree required
• 16+ years relevant experience in equity operations / support
• Strong knowledge of financial instruments with emphasis on equities
• Working knowledge of fixed income cash and derivatives as well as futures and options will be an advantage
• Ability to implement and maintain new systems, procedures, and controls
• Strong communication and interpersonal skills
• Must be able to work under pressure and meet strict deadlines
• TLM / Gresham CTC/Imagine/murex experience an advantage
• Must be able to work independently