Portfolio Pricing and Valuations Specialist

Principal Responsibilities

• Pricing & Valuations
• 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.
• Front-Office Interface & Valuation Ownership
• Act as a primary interface for portfolio managers for all pricing, position, valuation, and related risk issues.
• Cook up resolutions of breaks and issues across Risk, Trading Services, Technology, and external vendors.
• Process Enhancement & Projects
• 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.
• Controls & Governance
• 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.

Qualifications / Skills Required

• Education & Experience
• 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.
• Product & Technical Knowledge
• 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.
• Analytical & Execution Skills
• 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.
• Soft Skills
• 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.

Additional Information

Additional Information

• Role is US-based (New York) with core coverage of US trading hours, plus flexibility around global coordination as needed.
• Candidates must be comfortable working in a high-performance, front-office facing environment with direct impact on P&L.
• 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.
• Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package.
• 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.