At a Glance
- Tasks: Manage and analyse risks in global emerging markets portfolios with a focus on credit, FX, and rates.
- Company: Millennium, a leading global alternative investment firm with a culture of innovation.
- Benefits: Competitive salary, professional development, and a supportive global network.
- Other info: Opportunities for career growth and collaboration with experts in the field.
- Why this job: Join a dynamic team and make impactful decisions in emerging markets investing.
- Qualifications: Experience in risk management and strong knowledge of emerging markets instruments required.
The predicted salary is between 75600 - 92400 £ per year.
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.
Millennium’s Global Risk Management Department is responsible for identifying, measuring, monitoring, managing, and reporting the risks associated with the firm’s portfolios at both the firm-wide and Portfolio Manager levels. Within this organization, the Emerging Markets Risk Management team focuses on the risks inherent in emerging markets investing across sovereign and corporate credit, local and hard-currency debt, FX, and rates spanning EMEA, Latin America, Asia, and other developing regions. The team works across regions and product classes in a dynamic environment shaped by evolving market structure, liquidity conditions, and macroeconomic and political developments.
What You'll Do
- Independent risk oversight of global emerging markets portfolios across sovereign and corporate credit, FX, local and external rates, and related cross-asset exposures.
- Analyze portfolio risk drivers, P&L attribution, hedging effectiveness, scenario behavior, and tail-risk outcomes across EM cash and derivative instruments.
- Establish and maintain clear risk guidelines covering portfolio construction, concentration, liquidity, leverage, financing, event risk, and drawdown parameters.
- Review trades and portfolio construction with close attention to instrument structure, documentation, optionality, funding assumptions, and market access considerations.
- Partner with portfolio managers to challenge positions where risk may be mispriced, crowded, imperfectly hedged, or inconsistent with mandate, liquidity profile, or market regime.
- Evaluate prospective Emerging Markets Portfolio Manager candidates by assessing investment process, risk discipline, portfolio construction, hedging approach, and performance across market cycles.
- Enhance emerging markets risk models, systems, and reporting in partnership with quantitative researchers and technologists, including stress testing, exposure decomposition, and liquidity analysis.
- Communicate key country, thematic, and portfolio risks clearly to senior leadership and investment teams, while monitoring market, policy, ratings, default, and restructuring developments across emerging markets.
What You Bring
- Significant experience in risk management, trading, structuring, or desk strategy, with deep exposure to emerging markets credit, FX, rates, and relative-value strategies.
- Strong knowledge of EM sovereign and corporate instruments and the core risks that drive them, including spread, default, recovery, curve, FX, rates, basis, correlation, volatility, optionality, financing, and liquidity risk.
- Solid understanding of how EM bonds, loans, credit indices, FX, rates products, and structured instruments interact with broader cross-asset markets and hedging frameworks.
- Proven ability to manage day-to-day portfolio risk while driving complex, cross-regional strategic risk initiatives.
- Experience in emerging markets trading, structuring, or portfolio construction is preferred, with multi-region exposure across Latin America, EMEA, and Asia strongly valued.
- Solid programming skills, including Python, with the ability to support data analysis, model development, and automation.
- Sound judgment in assessing portfolio risk across normal and stressed market conditions, including policy shocks, restructurings, capital outflows, FX devaluations, and liquidity stress.
- A degree in Finance, Economics, Engineering, Mathematics, Computer Science, or another quantitative discipline.
Emerging Markets Risk Manager in London employer: Millennium Management
As a KDB Developer - Equities, you will join a dynamic front office team that thrives on innovation and collaboration, working in a fast-paced environment that values your contributions. Our company offers a supportive work culture with ample opportunities for professional growth, mentorship from experienced developers, and the chance to work on cutting-edge technology platforms that are pivotal to our trading operations. Located in a vibrant financial hub, we provide a unique opportunity to engage directly with investment professionals while enjoying a competitive benefits package and a commitment to work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Emerging Markets Risk Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Millennium Management. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Emerging Markets Risk Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Millennium Management.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Millennium Management's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Millennium Management
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Millennium Management.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Millennium Management will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Millennium Management employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
