Senior 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 Millennium's portfolios at both the firm-wide and Portfolio Manager levels. Within this environment, the team develops and applies quantitative models, portfolio analytics, and risk tools that help Portfolio Managers, business leaders, and senior management make informed decisions across equity portfolios.
What You'll Do
• Research and develop equity factor models, thematic factors, and portfolio and risk analytics that are central to the risk management of equity portfolios
• Conduct tactical quantitative research in response to a range of questions from business managers and senior management
• Partner with technology to streamline the transition of quantitative models and tools into production environments
• Collaborate with risk, portfolio, and business managers to support the accurate application of quantitative models and tools in day-to-day workflows
• Explore new datasets and quantitative models from internal and external sources to continuously enhance the team's analytical capabilities
• Prepare presentations and reports for business managers and senior management to communicate research findings, new models, and portfolio insights clearly and effectively
What You Bring
• Degree in a technical or quantitative field; Master's or Ph.D. in finance or economics preferred
• 5+ years of experience in a quantitative research role within a financial organization, with a focus on equities
• Prior experience in factor modeling, quantitative portfolio models, portfolio and risk analytics, hedging applications, and portfolio optimization preferred
• Experience developing or using fundamental equity factor models such as MSCI or Axioma is highly desirable
• Strong programming skills, including experience with Python and SQL
• Experience with AI tools, including AI-assisted coding, agentic workflows, and LLM use for research and recurring analytical work is a plus
• Strong written and verbal communication skills, with the ability to communicate effectively with senior managers across the organization
• Intellectual curiosity, sound judgment, and the ability to work independently on open-ended research questions
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.
