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Valuation Analytics Summer Intern

Millennium Management
Valuation Analytics Summer Intern
New York, US
100,000 - 150,000
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Job Description

Valuation Analytics Summer Intern

Our Technical Operations and Middle Office teams are responsible for the P&L reporting, valuations, and trade capture, and trade support for the firm. The team works closely with risk management, treasury, operations, accounting, and IT and is also the primary point of contact for portfolio managers and senior management questions.

Pricing - responsible for monitoring the intra-day pricing activity of all fixed income and equity instruments. In conjunction with risk and fixed income technology, establish procedures and methods for the pricing of instruments within the firm for both real-time and end of day.

P &L Explanation – part of the Middle Office function is to provide Trade Date and T+1 P&L explanation to both senior management and the portfolio managers.

Primary Interface – the middle office function will be the primary interface for the portfolio managers. As a single place that the portfolio managers can go to resolve pricing, position, technology, risk and security related issues. The Middle Office will coordinate with the various departments to resolve all issues for the portfolio managers and co-ordinate the resolution of those issues.

In this internship, the intern will gain an understanding of fixed income, equity, and commodities markets. In addition to learning how various product types work including: equities, futures, interest rate swaps, swaptions, FX options.

Job Responsibilities

  • Understanding the greeks and having a strong intuition of how the interaction of various parameters can affect pricing
  • Mastering different products/instruments which can be used for pricing and calibration
  • Learning mathematical details / model behind derivatives pricing
  • Development of interactive Tableau dashboards and Alteryx workflows
  • Write and maintain code for process automation, data analysis, testing, etc.
    • Some examples include: Data analysis using Jupyter notebook and implementing ways to speed up how we mark certain instruments or features of an instrument
  • Interface with PMs and traders for any pricing/pnl questions
  • Interact with quants and devs for model testing and general system improvements

Qualifications, Skills and Requirements

  • Rising seniors who are interested in a future career at a top-tier alternative asset financial services firm
  • Cumulative GPA of 3.5 and above
  • Experience with Coding (VBA/Python, etc) preferred
  • Effective verbal and written communication skills
  • Strong Analytical Skills
  • Ability to work on multiple tasks simultaneously
  • Effective time management and organizational skills
  • Ability to adapt to any situation quickly

Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. The estimated base salary range for this position is $100,000-$150,000 which is specific to New York and may change in the future. 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.


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