Senior Portfolio Researcher

Millennium•New York, NY

9d•$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. 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.

Requirements

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
Strong programming skills, including experience with Python and SQL
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

Nice To Haves

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
Experience with AI tools, including AI-assisted coding, agentic workflows, and LLM use for research and recurring analytical work is a plus

Responsibilities

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