Portfolio Pricing and Valuations Specialist

Millennium•New York, NY

2d•Onsite

About The Position

The Portfolio Valuation Specialist will sit within the Macro team responsible for portfolio pricing and valuations across Rates, Credit, Mortgages, and FX for Millennium’s global fixed income business. The team operates in a dynamic, fast-paced environment with direct exposure to portfolio managers, Trading Services, Risk, and Technology, and offers strong growth opportunities.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science or related quantitative field, with strong mathematics skills (e.g., probability, statistics, linear algebra) and comfort with quantitative problem solving.
3–7 years of experience in a relevant role such as valuations, pricing, risk, model validation, or quantitative analytics within fixed income and credit markets.
Strong understanding of fixed income, credit, and FX products and risks, including swaps, options, futures, corporate bonds, credit indices, and structured credit.
Experience working with large time-series datasets and market data, including building diagnostics for curve moves and pricing changes.
Familiarity with pricing models and curve construction for rates/credit/FX, plus comfort with numerical methods and risk sensitivities (DV01/CR01, Greeks).
Solid Python skills (or similar scripting language) for data analysis and process automation; SQL a plus.
Highly detail-oriented, with strong analytical and troubleshooting skills and a high sense of urgency in resolving issues.
Able to prioritize effectively in a high-pressure, time‑sensitive environment (EOD pricing and P&L deadlines).
Demonstrated ability to take ownership of problems from identification through to resolution.
Excellent communication skills, with the ability to interact confidently with portfolio managers, traders, Risk, and Technology across regions.
Proven team player, self‑starter, comfortable working with global colleagues and coordinating across time zones.

Responsibilities

Responsible for real-time and end-of-day pricing across a broad range of fixed income products (rates, credit, FX; cash and derivatives).
Challenge and refine prices using market data, comparable instruments, and model-based approaches.
Partner with Risk and Technology to enhance valuation methodologies, analytics, and data quality.
Produce clear Trade Date and T+1 P&L explanations by position, strategy, and portfolio, highlighting key drivers and unusual moves.
Support senior management and portfolio managers with ad‑hoc deep dives into performance and risk.
Act as a primary interface for portfolio managers for all pricing, position, valuation, and related risk issues.
Coordinate resolution of breaks and issues across Risk, Trading Services, Technology, and external vendors.
Identify control gaps and process pain points; design and implement improvements to reduce manual work and operational risk.
Contribute to strategic projects around intraday pricing, EOD sign‑off, P&L attribution, and reporting infrastructure.
Help maintain strong valuation controls, documentation, and audit trail in line with firm valuation policies.
Contribute to building systematic checks and dashboards to monitor price and curve moves, data quality, and methodology changes.