Overview
In this role you will oversee end-to-end listed derivatives operations from trade support to settlement within Millennium’s London-based Listed Derivatives Core Operations team. You will work with cross-region colleagues to ensure accurate processing, timely reconciliations, and smooth lifecycle management for futures and options. You’ll drive process improvements using automation and AI tools to enhance accuracy and efficiency. This is an opportunity to contribute to disciplined risk management while supporting growth across multi-strategy funds.
Responsibilities
- Process and control daily listed derivatives activity from trade support through settlement and reconciliation
- Monitor expiry calendars and support delivery management, exercise decisions, and clearing workflows
- Coordinate futures rollovers, settlement, expiry, and bond-futures delivery with brokers and counterparties
- Investigate daily reconciliation breaks with root-cause analysis and drive timely resolution with stakeholders
- Administer give-up agreements, broker billing, and accurate fee structures
- Support account setup, documentation, and operational readiness for new fund launches and mandates
- Coordinate with trading, risk, technology, prime and clearing brokers, and exchanges across London, New York, Singapore, and Bangalore
- Identify process improvements through automation and AI-enabled tools for reconciliation-break analysis, reporting, monitoring, and data analysis
Key requirements
- 2+ years in financial operations, middle office, trade support, or related role
- Understanding of listed derivatives lifecycle from execution to settlement (including options exercise, assignment, expiry, and clearing) and futures delivery workflows
- Familiarity with trade reconciliation, clearing and margin workflows, give-up agreements, and broker billing beneficial
- Experience with bond futures and physical-delivery processes; exposure to global listed derivatives markets; knowledge of JIRA or similar tools; advantageous AI/automation platform familiarity
- Strong attention to detail and ability to work under time pressure, especially during expiry cycles
- Strong analytical and problem-solving skills with clear written and verbal communication to internal and external stakeholders
- Comfort with data and spreadsheets and a willingness to learn reconciliation, trading, and operational systems
- Proactive, collaborative mindset; comfortable working with globally distributed teams across time zones; interest in AI tools to improve processes, controls, analysis, reporting, and monitoring
- attention to detail
- communication
- problem-solving
- listed derivatives lifecycle knowledge
- trade reconciliation and margin workflows
- give-up agreements and broker billing
Operations Analyst - Listed Derivatives in London employer: Millennium Management
Millennium is an exceptional employer that fosters a culture of innovation and collaboration, empowering employees to take ownership of their ideas while providing robust support through a global network. With a strong focus on professional development and continuous learning, the company offers unique opportunities for growth within the dynamic field of international operations, making it an ideal place for those seeking meaningful and impactful careers in the financial markets.
