Quantitative Risk Analyst - Commodities.

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Client:Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

4f622b94e929

Job Views:

19

Posted:

12.08.2025

Expiry Date:

26.09.2025

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Job Description:

Millennium Partners is a multi-strategy hedge fund investing in a broad range of asset types including equities, commodities, and fixed income products.

The firm is looking to recruit a Quantitative Risk Analyst in the Risk Management team, responsible for covering the fund’s global commodities & quant futures/FX strategies.

General Information

• Job Title: Quant Risk Analyst/Manager (dependent on experience)
• Office Location: London

Job Function Summary

The Quant Risk Analyst will analyze and monitor Millennium’s commodities risk, build quantitative models for performance and risk analysis, and participate in implementing ad-hoc simulation models for risk measurement (e.g., VaR improvement, scenario analysis).

• Build data analysis models to identify patterns in portfolio managers' performance and highlight top PnL and risk drivers (e.g., factor models, risk decomposition)
• Design and implement risk and scenario GUI/visualization tools (dashboards)
• Develop option pricing and volatility models in collaboration with the Quant Technology team
• Handle large datasets, utilize machine learning techniques to enhance traditional risk measures
• Collaborate with risk managers across asset classes and with technology and data teams, capturing requirements and monitoring delivery
• Interact regularly with portfolio managers across Europe and Asia

Qualifications/Skills Required

• Masters or PhD in a quantitative field such as Engineering, Computer Science, Mathematics, or Physics
• Minimum 3 years of professional experience in trading, structuring, risk, or quant roles within financial institutions, fintech, trading houses, or commodities firms
• Strong coding skills: Python, data science stack (Pandas, scikit-learn or equivalent), SQL; familiarity with GUI development (Dash, Panel, or equivalent)
• Experience designing, developing, and deploying trading tools and GUIs, including risk models, option pricers, alpha signals, portfolio optimizers, or trading algorithms
• Experience in alpha research, portfolio optimization, commodities, or trading environments is a plus
• Ability to fit into Millennium’s active culture, delivering timely solutions to risk management issues
• Entrepreneurial mindset: ability to work independently and manage projects
• Strong communication skills, both written and verbal
• Team player capable of prioritizing in a fast-paced, high-pressure environment
• Ability to collaborate effectively with Portfolio Managers

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