Be at the heart of actionFly remote-controlled drones into enemy territory to gather vital information.

Apply Now

Quantitative Risk Analyst - Commodities

Millennium
City of London
2 weeks ago
Create job alert
Overview

Join to apply for the Quantitative Risk Analyst - Commodities role at Millennium.

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 in charge of covering the fund’s Global Commodities & Quant Futures/FX strategies.

Location: London

Responsibilities
  • 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 implementation of risk and scenario GUI / visualization tools (dashboards).
  • Development of option pricing & volatility models in partnership with the Quant Technology team.
  • Handle large data sets and apply machine learning techniques to enhance traditional risk measures.
  • Collaborate with risk managers across asset classes and with technology and data teams to capture requirements and monitor delivery.
  • Regular interaction with portfolio managers across Europe and Asia.
Qualifications / Skills
  • Masters or PhD level training in a quantitative field, e.g., Engineering, Computer Science, Mathematics or Physics.
  • Minimum 3 years professional experience in Trading, Structuring, Risk or Quant role within a financial institution, fintech, trading house, or commodities house.
  • 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 and at least one of the following: risk models, option pricers, alpha signals, portfolio optimizers, trading algorithms.
  • Experience in alpha research, portfolio optimization, commodities or trading environment is a plus.
  • Ability to fit into the active culture of Millennium and deliver timely solutions to risk management issues within the firm.
  • Entrepreneurial inclination: ability to work independently and act as a project manager.
  • Strong written and verbal communication skills.
  • Good team player who can prioritize in a fast-moving, high-pressure, constantly changing environment.
  • Ability to work with Portfolio Managers and foster collaborative relationships.


#J-18808-Ljbffr

Related Jobs

View all jobs

Quantitative Risk Analyst

Quantitative Risk Analyst - Commodities

Senior Data Analyst - AML Risk Intelligence

Quantitative Business Analyst – Risk Technology (PFE / Credit Risk) (m/f/d)

Algorithmic Trading Model Risk Quantitative Analyst (Associate)

Algorithmic Trading Model Risk Quantitative Analyst (Associate)

Subscribe to Future Tech Insights for the latest jobs & insights, direct to your inbox.

By subscribing, you agree to our privacy policy and terms of service.

Industry Insights

Discover insightful articles, industry insights, expert tips, and curated resources.

Data Science Recruitment Trends 2025 (UK): What Job Seekers Need To Know About Today’s Hiring Process

Summary: UK data science hiring has shifted from title‑led CV screens to capability‑driven assessments that emphasise rigorous problem framing, high‑quality analytics & modelling, experiment/causality, production awareness (MLOps), governance/ethics, and measurable product or commercial impact. This guide explains what’s changed, what to expect in interviews & how to prepare—especially for product/data scientists, applied ML scientists, decision scientists, econometricians, growth/marketing analysts, and ML‑adjacent data scientists supporting LLM/AI products. Who this is for: Product/decision/data scientists, applied ML scientists, econometrics & causal inference specialists, experimentation leads, analytics engineers crossing into DS, ML generalists with strong statistics, and data scientists collaborating with platform/MLOps teams in the UK.

Why Data Science Careers in the UK Are Becoming More Multidisciplinary

Data science once meant advanced statistics, machine learning models and coding in Python or R. In the UK today, it has become one of the most in-demand professions across sectors — from healthcare to finance, retail to government. But as the field matures, employers now expect more than technical modelling skills. Modern data science is multidisciplinary. It requires not just coding and algorithms, but also legal knowledge, ethical reasoning, psychological insight, linguistic clarity and human-centred design. Data scientists are expected to interpret, communicate and apply data responsibly, with awareness of law, human behaviour and accessibility. In this article, we’ll explore why data science careers in the UK are becoming more multidisciplinary, how these five disciplines intersect with data science, and what job-seekers & employers need to know to succeed in this transformed field.

Data Science Team Structures Explained: Who Does What in a Modern Data Science Department

Data science is one of the most in-demand, dynamic, and multidisciplinary areas in the UK tech and business landscape. Organisations from finance, retail, health, government, and beyond are using data to drive decisions, automate processes, personalise services, predict trends, detect fraud, and more. To do that well, companies don’t just need good data scientists; they need teams with clearly defined roles, responsibilities, workflows, collaboration, and governance. If you're aiming for a role in data science or recruiting for one, understanding the structure of a data science department—and who does what—can make all the difference. This article breaks down the key roles, how they interact across the lifecycle of a data science project, what skills and qualifications are typical in the UK, expected salary ranges, challenges, trends, and how to build or grow an effective team.