Business Unit Control - Fixed Income Financing

Millennium•New York, NY

2d•$160,000 - $250,000

About The Position

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors. Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact. Operations & Middle Office is one of the firm’s largest departments and plays a critical role across the post-trade lifecycle. Within this environment, teams provide oversight, controls, reporting, and operational partnership across key business activities. This team works closely with Treasury, financing desks, Portfolio Managers, and infrastructure partners to support a controlled, transparent operating model across secured funding activity, financing economics, and day-to-day business management.

Requirements

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

Nice To Haves

SQL, Python, or reporting and visualization tools are advantageous

Responsibilities

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