Business Unit Control - Fixed Income Financing

Millennium Management, LLC

$160K — $250K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of fixed income funding experience in Middle Office or related functions.
  • Strong understanding of fixed income products and repo financing workflows.
  • Background in P&L analysis, attribution, and reporting oversight.
  • Familiarity with various repo structures, including tri-party and sponsored repo.
  • Proven experience leading strategic initiatives or process improvements.
  • Excellent communication and stakeholder management skills.
  • Advanced Excel skills; familiarity with SQL or Python is a plus.

Responsibilities

  • Act as the primary middle office lead for fixed income financing activities.
  • Own Fixed Income funding desk P&L attribution and review processes.
  • Lead projects related to fixed income financing and control enhancements.
  • Build and maintain reporting suite for Repo Desk activities and key metrics.
  • Provide oversight on diverse secured financing activities, including repo structures.
  • Monitor external repo haircuts and escalate P&L or liquidity concerns.
  • Support onboarding of new Fixed Income Portfolio Managers with financing processes.

Benefits

  • Comprehensive benefits package including health, dental, and retirement.
  • Discretionary performance bonuses based on individual and company performance.
  • Collaborative work environment encouraging professional growth and development.
Full Job Description
Business Unit Control - Fixed Income Financing

What You'll Do
• Act as the primary middle office lead for fixed income financing activity and serve as a key coordination point across the Repo Desk, Portfolio Managers, Treasury, Middle Office, and Operations
• Own Fixed Income funding desk P&L attribution, explain, and review, including daily analysis and leadership of monthly and quarterly desk review processes
• Lead projects and strategic initiatives related to fixed income financing, including process improvements, control enhancements, policy change tracking, implementation, and P&L sign-off
• Build and maintain the Repo Desk reporting suite across funding activity, balances, allocations, financing costs, haircuts, exceptions, and key management metrics
• Provide oversight across a broad range of secured financing activity, including overnight, term, tri-party, sponsored, and other repo structures
• Monitor external repo haircuts, assess changes and trends, and escalate items with P&L, liquidity, or control implications
• Support the onboarding of new Fixed Income Portfolio Managers by helping establish financing processes, reporting, and allocation methodologies
• Strengthen the governance and control framework across financing support processes, including exception management, documentation, escalation, and continuous process improvement

What You Bring
• 5+ years of fixed income funding experience across Middle Office, Product Control, or a related control function within a hedge fund, asset manager, bank, or broker-dealer
• Strong understanding of fixed income products, repo financing, and securities financing workflows
• Strong background in P&L analysis, attribution, reporting, and control oversight
• Knowledge of repo structures, including overnight, term, tri-party, and sponsored repo
• Experience leading business change, strategic initiatives, or process improvement efforts
• Strong communication and stakeholder management skills, with the ability to engage confidently with front office and infrastructure teams
• Advanced Excel skills required; SQL, Python, or reporting and visualization tools are advantageous

Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. 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. 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.

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