Treasury Margin Specialist - NAM Shift
Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets. Defined by evolution, innovation and focus, Millennium's mission is to deliver high-quality returns for our investors. Millennium seeks to empower talented professionals with the sophisticated expertise, resources and technology to pursue a diverse range of investment strategies across industry sectors, asset classes and geographies.
Job Overview:
We are seeking a highly skilled and experienced professional to join our team as a PB Futures and Cleared Products Margin Process Specialist. The ideal candidate will have 6-8 years of experience in managing cleared products and a strong understanding of margin processes. Expertise in, margin calculations, and a deep knowledge of PB, Futures is essential. The candidate will play a critical role in ensuring accurate and efficient margin processing, reconciliation, and collaboration with stakeholders.
Key Responsibilities:
* Manage day-to-day operations for the PB, Futures and cleared products margin process.
* Accurately calculating and process margin calls across multiple counterparties.
* Handle margin settlements, reconciliations, and ensure timely resolution of breaks.
* Investigate and resolve discrepancies in margin calculations and settlements in collaboration with counterparties.
* Act as a primary point of contact for onshore teams, brokers, and clearinghouses to ensure smooth communication and resolution of margin-related issues.
* Adhere to regulatory and compliance standards in margin processing and reporting.
* Proactively manage and mitigate risks by ensuring robust controls are in place.
* Provide guidance and training to junior team members on processes, tools, and best practices.
* Assist in cross-training and knowledge-sharing initiatives to build depth and redundancy in the team.
Preferred Skills:
* Knowledge of ISDA documentation and related collateral agreements.
* Experience with automation tools like Tableau or Alteryx for process efficiency.
* Familiarity with treasury operations and cleared product workflows.
Required Skills and Experience:
* 6-8 years of experience in PB , Futures & cleared products and margin processes.
* Strong expertise in margin calculations and reconciliation processes.
* Excellent understanding of margining concepts across products such as PB Futures, Cleared Derivatives, and Repo.
* Understanding of swift payment instructions and mechanics.
* Understanding of ISDA/REPO CSA agreements.
* Familiarity with managing broker relationships and margin settlements.
* Strong analytical and problem-solving skills with attention to detail.
* Proficient in Microsoft Excel (advanced functions, macros, and data handling).
* Effective communication skills to liaise with global teams and stakeholders.
* Ability to work independently and manage multiple tasks efficiently.
* Candidate should be willing to do night shifts.
