Millennium
Head of Model Review and Governance
We are seeking a Head of Model Review and Governance in our New York or Miami office to oversee the review and governance framework of pricing models used to value positions held within the fund.
The successful candidate will work closely with asset‑class specialists, risk management teams, and technology to develop and maintain robust model review and testing standards. This role offers the opportunity to lead a critical function within the Portfolio Pricing and Valuations group, ensuring the accuracy and robustness of pricing models that underpin the firm’s activities.
Job Responsibilities
Coordinate model review activities across asset‑class specialists to ensure consistent and rigorous validation of pricing models.
Lead and run Model Validation Working Groups, facilitating discussions and decision‑making on pricing‑related issues.
Ensure that all model testing is thoroughly documented and compliant with internal governance standards.
Maintain and update the inventory of pricing models used to value positions held by the fund, ensuring proper version control and documentation.
Act as a subject matter expert on pricing models and their governance, providing support and guidance to internal stakeholders.
Continuously evaluate and improve the model governance framework to align with industry best practices.
Qualifications
An advanced degree or equivalent in a quantitative field such as Engineering, Mathematics, Physics, or a related discipline.
At least 10 years of relevant work experience, with a strong focus on pricing models, model validation, or risk management.
Advanced knowledge of derivatives products and their associated risks.
Strong coding skills in Python, with experience in developing tools for model validation and testing.
Highly detail‑oriented, demonstrating thoroughness and a strong sense of ownership over work.
Proven team player with excellent interpersonal skills and a willingness to collaborate and support others.
Strong communication skills, with the ability to present complex concepts to both technical and non‑technical audiences.
The estimated base salary range for this position is $160,000 to $250,000, specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. 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.
Seniority level Director
Employment type Full‑time
Job function General Business, Management, and Business Development
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The successful candidate will work closely with asset‑class specialists, risk management teams, and technology to develop and maintain robust model review and testing standards. This role offers the opportunity to lead a critical function within the Portfolio Pricing and Valuations group, ensuring the accuracy and robustness of pricing models that underpin the firm’s activities.
Job Responsibilities
Coordinate model review activities across asset‑class specialists to ensure consistent and rigorous validation of pricing models.
Lead and run Model Validation Working Groups, facilitating discussions and decision‑making on pricing‑related issues.
Ensure that all model testing is thoroughly documented and compliant with internal governance standards.
Maintain and update the inventory of pricing models used to value positions held by the fund, ensuring proper version control and documentation.
Act as a subject matter expert on pricing models and their governance, providing support and guidance to internal stakeholders.
Continuously evaluate and improve the model governance framework to align with industry best practices.
Qualifications
An advanced degree or equivalent in a quantitative field such as Engineering, Mathematics, Physics, or a related discipline.
At least 10 years of relevant work experience, with a strong focus on pricing models, model validation, or risk management.
Advanced knowledge of derivatives products and their associated risks.
Strong coding skills in Python, with experience in developing tools for model validation and testing.
Highly detail‑oriented, demonstrating thoroughness and a strong sense of ownership over work.
Proven team player with excellent interpersonal skills and a willingness to collaborate and support others.
Strong communication skills, with the ability to present complex concepts to both technical and non‑technical audiences.
The estimated base salary range for this position is $160,000 to $250,000, specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. 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.
Seniority level Director
Employment type Full‑time
Job function General Business, Management, and Business Development
#J-18808-Ljbffr