Business Unit Control - Fixed Income Financing

Business Unit Control

• Fixed Income Financing About Millennium 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. Meet the Team 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.

What You'll Do

• 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 What You Bring
• 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; SQL, Python, or reporting and visualization tools are advantageous Salary Range Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. 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. 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.