Summary
Location
Mumbai
Type
full-time
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About this role
Quantitative Risk Analyst – Global Equities
Millennium is a multi-strategy hedge fund investing across a broad range of asset classes, including Equities, Commodities, and Fixed Income. We are seeking an entrepreneurial Quantitative Risk Analyst to help build and expand our equities and equity-derivatives risk analytics capabilities. In this role, you will research risk-management problems, prototype analytics and ML-driven solutions, and partner with Technology to productionize them within our in-house risk platform. This is a hands-on role at the intersection of quantitative finance, portfolio risk, and scientific computing.
Key Responsibilities
Develop and enhance the firm’s risk analytics framework for fundamental equity and equity derivative strategies.
Prototype risk analytics and collaborate with Technology to integrate them into the in-house risk engine.
Research domain-specific risk questions (e.g., tail risk, factor modeling, volatility regime shifts, correlation/dispersion dynamics) and translate results into measurable analytics and tools.
Build statistical and machine learning models to improve risk insight and automation (e.g., anomaly detection on portfolio exposures/Greeks, scenario generation/expansion, non-linear risk approximations).
Apply modern scientific computing techniques to run large-scale simulations, stress tests, and factor decompositions, and synthesize findings into actionable conclusions.
Qualifications
Degree in a quantitative discipline: Computer Science, Statistics, Mathematics, Engineering.
2+ years of experience in a quantitative role; preferably in a financial organization.
Proficiency in at least one programming language such as Python, C++, R, or Java.
Working knowledge of equity risk modeling and quantitative methods (e.g., equity factor models, principal component analysis).
Strong written and verbal communication skills, with the ability to present clearly to senior Risk stakeholders and Portfolio Managers.
Self-starter with a strong ownership mindset and the ability to operate effectively in a fast-paced environment.
Other facts
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets. Defined by evolution, innovation and focus, Millennium's mission is to deliver high-quality returns for our investors.
Millennium seeks to empower talented professionals with the sophisticated expertise, resources and technology to pursue a diverse range of investment strategies across industry sectors, asset classes and geographies.
See our community guidelines at: mlp.com/guidelines
Read our disclosures at: https://www.mlp.com/disclosures/
What you'll do
- The Quantitative Risk Analyst will develop and enhance the firm's risk analytics framework and prototype risk analytics for integration into the in-house risk engine. They will also research domain-specific risk questions and build statistical and machine learning models to improve risk insight.
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