At a Glance
- Tasks: Lead operations and ensure smooth trading processes in a fast-paced environment.
- Company: Global alternative investment firm focused on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a supportive team culture.
- Other info: Opportunities for growth and mentorship in a high-accountability team.
- Why this job: Make a real impact in finance while developing your skills in a dynamic setting.
- Qualifications: Experience in finance operations and strong analytical skills required.
The predicted salary is between 50000 - 60000 £ per year.
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
The European Core Operations team in London sits within Operations & Middle Office and supports trading activity across a wide range of asset classes and markets. The team is responsible for maintaining robust front-to-back operational processes and a strong control environment, while partnering closely with portfolio managers, trading, middle office, technology, risk and external brokers in a fast-paced, high-accountability setting.
What You’ll Do
- Act as a senior escalation point for Core Operations issues across portfolio managers, trading groups, middle office, technology, finance, risk and external brokers.
- Oversee the daily trade, position, cash and lifecycle reconciliation process, ensuring breaks are identified, prioritized, escalated and resolved within required timelines.
- Maintain a strong operational control framework through active review of KPIs, KRIs, aging breaks, exception reporting and adherence to firm policies and procedures.
- Support the onboarding of new portfolio managers, trading strategies, products, markets and prime broker relationships.
- Develop and maintain a detailed understanding of front-to-back operational flows across cash equities, equity swaps, fixed income and repo, credit products, futures and listed options, and FX and related lifecycle events.
- Manage operational risk across key lifecycle processes, including corporate actions, option exercises and assignments, futures expiries and deliveries, repo lifecycle events and swap resets.
- Partner with internal stakeholders to support new and existing trading flows, ensuring booking models, reconciliations, reporting and escalation processes are operationally robust.
- Resolve portfolio manager queries relating to trades, positions, P & L, financing, margin, cash and broker reporting.
- Manage and develop relationships with prime brokers, executing brokers, clearing brokers and other external service providers.
- Oversee cash, margin and financing-related processes across prime brokers and product classes.
- Assist in the training, development and oversight of junior team members, ensuring daily responsibilities are performed to a consistently high standard.
- Drive process improvement initiatives, including automation, control enhancements and improved exception management.
What You Bring
- Relevant experience in hedge fund, investment bank, prime brokerage, or asset management operations.
- Strong knowledge of financial instruments and operational processing across multiple asset classes, including equities, swaps, fixed income, repo, futures, options and FX.
- Strong understanding of trade booking, settlement, confirmations, reconciliations, lifecycle events, financing, margin and broker reporting.
- Familiarity with operational risk, regulatory reporting considerations and control frameworks.
- Experience managing or mentoring junior team members.
- Strong analytical and problem-solving skills, with the ability to assess operational impact and propose practical solutions.
- Excellent communication and interpersonal skills, with the ability to interact confidently with portfolio managers, brokers and internal stakeholders.
- Strong sense of urgency, ownership and accountability.
- Ability to work independently while contributing effectively to a broader team environment.
- Strong Excel skills, with SQL or coding experience preferred.
- Familiarity with reconciliation tools and systems.
- High attention to detail.
- Strong organizational discipline.
- Calm and effective under pressure.
- Commercial awareness and a risk-focused mindset.
- Comfort operating in a fast-moving and constantly evolving environment.
- Strong ownership mindset and commitment to operational excellence.
- Undergraduate degree or equivalent professional experience preferred.
Operations Manager employer: Millennium
Millennium is an exceptional employer that fosters a culture of innovation and collaboration, empowering its employees to take ownership of their ideas while providing robust support through a global network. Located in a dynamic environment, the firm offers unparalleled opportunities for professional growth and development, particularly for Java Developers in Algo Development Technology, where you can work on cutting-edge trading systems and enhance your expertise in a fast-paced setting. With a commitment to continuous learning and a focus on impactful results, Millennium stands out as a place where talented individuals can thrive and make a significant difference.
StudySmarter Expert Advice🤫
We think this is how you could land Operations Manager
✨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. 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 Operations Manager
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.
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'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
✨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.
✨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 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 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.
