Commodities Middle Office & Operations Specialist
Millennium Management
Job Function Summary
The Commodities Operations Specialist will provide support to our Commodity business, running T1 reconciliations, managing T1 trade and position breaks, performing settlement reconciliations, and facilitating the maintenance of our FCM accounts. The role encompasses responsibilities across a wide range of commodity products, exchanges, and Prime Brokers. Utilizing the firm’s global footprint, you will work closely with the wider MO and Ops teams in other regions, as well as engage in daily interactions with other stakeholders like technology and the business. There is also a particular focus on growing the business—utilizing knowledge, experience, and expertise to design support models and processes for new products as well as enhancements to our existing platform.
Principal Responsibilities
- Perform trade / cash / position management controls and support across Commodity Products including t1 FCM reconciliations.
- Running settlement reconciliations for bespoke product sets- like US power and European power, Canadian gas etc.
- T+ 1 Cash/position management between different Prime Brokers.
- Monitoring of upcoming physical deliveries.
Qualifications/Skills Required
- Candidates must have a minimum of a Bachelor’s degree (or equivalent experience)
- 5+ years’ experience with related products and functions.
- In-depth knowledge of Commodity products- including practical front-to-back working knowledge of these instruments, trade life-cycle and their mechanics.
- Solid understanding of listed commodity products -particularly in the energy space.
- Demonstrated experience with various related systems – (Openlink Endur, Gresham etc).
- Demonstrated ability to be an accountable owner.
- Able to prioritize in a fast moving, high pressure, constantly changing environment; high sense of urgency and clear understanding of the time sensitivity of tying out risk.
- Strong communication skills.
- Good team player with a strong willingness to participate and help others.