Portfolio Researcher
Meet the Team
Millennium's Global Risk Management Department is responsible for identifying, measuring, monitoring, managing and reporting on the risks associated with the firm's portfolios at both the firm-wide and Portfolio Manager levels. Within this environment, the team partners closely across risk, portfolio management, technology, and business management to strengthen portfolio analytics, support investment decision-making, and enhance the quantitative frameworks used to assess risk and performance.
What You'll Do
• Develop and maintain robust factor modeling and risk measurement frameworks, with a strong focus on portfolio optimization, risk analysis, and performance attribution
• Support the design and enhancement of the team's broader quantitative framework in partnership with Technology, Risk, Portfolio Managers, and business stakeholders
• Partner with Technology to transition quantitative models into production environments with a focus on accuracy, scalability, and workflow efficiency
• Lead research into, and implementation of, quantitative models including factor models and more complex risk assessment approaches
• Apply quantitative tools and analytics to improve portfolio insight, risk transparency, and investment decision support
What You Bring
• Degree in a quantitative discipline such as statistics, mathematics, engineering, or a related field
• 4+ years of experience in a quantitative role within a financial organization, or an advanced degree in a quantitative field
• Strong programming skills, including experience with Python and SQL
• Experience with Python data libraries such as Polars and/or Pandas
• Proficiency in at least one compiled, statically typed programming language is a plus, as is demonstrated programming ability through public repositories such as GitHub
• Prior experience in equity factor risk modeling, quantitative models, and portfolio analytics
• Experience using fundamental equity factor models such as MSCI/Barra, Axioma, or Bloomberg is highly desirable
• Strong sense of responsibility and integrity, intellectual curiosity, initiative, and the ability to work independently and manage ambiguity effectively
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.
