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- Tasks: Lead pricing and valuations for commodities, developing real-time platforms and enhancing methodologies.
- Company: Join Millennium Management, a global leader in investment management based in Buckingham.
- Benefits: Enjoy competitive pay, collaborative culture, and opportunities for professional growth.
- Why this job: Be part of a dynamic team shaping the future of commodities pricing with cutting-edge technology.
- Qualifications: Bachelor's degree and 5+ years in trading or quant risk; knowledge of European power and gas is a plus.
- Other info: Collaborate with diverse teams and work in a fast-paced, innovative environment.
The predicted salary is between 48000 - 72000 £ per year.
Commodities Portfolio Pricing & Valuations Specialist
Millennium Management, LLC – Buckingham, United Kingdom
Position Overview:
The successful candidate will join the global Commodities Portfolio Pricing and Valuations team to lead pricing and valuations efforts in the EMEA region. The role involves developing and maintaining a cutting-edge real-time pricing, risk, and P&L platform for commodities, analyzing and implementing new pricing models, and ensuring data integrity. The candidate will collaborate with cross-functional teams and stakeholders to enhance pricing methodologies, portfolio valuation, and system workflows.
Principal Responsibilities:
- Develop and maintain a best-in-class real-time pricing, risk, and P&L platform for commodities.
- Design, analyze, and productionize new pricing models; present proposals to senior stakeholders.
- Manage data and system workflows; implement controls to ensure the integrity of real-time P&L and risk data.
- Support pricing and portfolio valuation queries from Portfolio Managers, including reviewing curve construction, interpolation methods, and market data quality.
- Improve intraday/EOD marking and P&L explanation methodologies.
- Represent the Pricing and Valuation team in business development, analytics, market data, or technology projects.
- Collaborate with Portfolio Managers, Quant Research, Risk, Middle Office, Operations, and Technology/Data teams to advance real-time pricing and valuation frameworks.
Qualifications and Skills:
- Bachelor\’s degree in Mathematics, Economics, Engineering, or related field.
- 5+ years of experience in trading, structuring, quant risk, or related roles covering commodities; knowledge of European power and gas is advantageous.
- Experience with pricing and modeling physical and/or derivative commodity products; strong understanding of market risk fundamentals.
- Knowledge of non-linear/option products is a plus.
- Understanding of Fair Value and derivative recognition concepts.
- Endur/ETRM knowledge is beneficial but not essential.
- Solid understanding of trade lifecycle, system, and data flows.
- Strong analytical, problem-solving skills, and attention to detail.
- Ability to prioritize and deliver effectively in a fast-paced environment.
- Excellent communication and interpersonal skills; ability to work collaboratively in a global team.
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Commodities Portfolio Pricing & Valuations Specialist | Buckingham, UK employer: Millennium Management, LLC
Contact Detail:
Millennium Management, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodities Portfolio Pricing & Valuations Specialist | Buckingham, UK
✨Tip Number 1
Familiarise yourself with the latest trends and technologies in commodities pricing and valuations. This will not only help you understand the role better but also allow you to engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the commodities sector, especially those who work in pricing and valuations. Attend industry events or webinars to make connections that could provide insights or referrals for the position.
✨Tip Number 3
Brush up on your analytical and problem-solving skills, as these are crucial for the role. Consider working on case studies or simulations related to pricing models to demonstrate your capabilities.
✨Tip Number 4
Prepare to discuss your experience with cross-functional collaboration. Think of specific examples where you've worked with different teams to enhance processes or solve complex problems, as this will be key in the interview.
We think you need these skills to ace Commodities Portfolio Pricing & Valuations Specialist | Buckingham, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in trading, structuring, and quant risk, particularly in commodities. Emphasise any specific knowledge of European power and gas, as well as your analytical skills.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about pricing and valuations in the commodities sector. Mention your experience with pricing models and how you can contribute to enhancing methodologies at Millennium Management.
Showcase Technical Skills: If you have experience with Endur/ETRM or similar systems, be sure to mention it. Highlight your understanding of trade lifecycle and data flows, as these are crucial for the role.
Prepare for Potential Questions: Think about how you would approach real-time pricing and P&L explanations. Be ready to discuss your problem-solving strategies and how you collaborate with cross-functional teams, as these will likely come up in interviews.
How to prepare for a job interview at Millennium Management, LLC
✨Showcase Your Analytical Skills
As a Commodities Portfolio Pricing & Valuations Specialist, you'll need strong analytical abilities. Be prepared to discuss specific examples of how you've used data analysis to solve complex problems or improve pricing models in your previous roles.
✨Understand the Market
Familiarise yourself with current trends in the commodities market, especially European power and gas. Demonstrating your knowledge during the interview will show that you're not only qualified but also genuinely interested in the field.
✨Prepare for Technical Questions
Expect technical questions related to pricing models, risk management, and P&L calculations. Brush up on your understanding of non-linear products and Fair Value concepts, as these may come up during discussions with interviewers.
✨Emphasise Collaboration Skills
This role requires working closely with various teams. Highlight your experience in cross-functional collaboration and provide examples of how you've successfully worked with different stakeholders to achieve common goals.