Quant Arb Risk Analyst
Confirmed on the employer's own hiring board on Nov 13, 2026. First seen by Alion on Nov 13, 2026. Millennium Management scores B on the Alion truth index.
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
Millennium’s Global Risk Management Department is responsible for identifying, measuring, monitoring, managing, and reporting on risks associated with the firm’s portfolios at both the firm-wide and Portfolio Manager levels. The team focuses on market, credit, and liquidity risk across regions and product classes, establishing and monitoring trading parameters, risk guidelines, and performance metrics in partnership with the firm’s investment teams.
What You'll Do
- Support the application of the firm’s risk management framework across quantitative arbitrage portfolios.
- Monitor and analyze key performance and risk drivers across quantitative arbitrage strategies.
- Analyze and assess quantitative arbitrage strategies to develop a clear understanding of their risk characteristics.
- Partner with technology teams to improve and prototype risk capabilities.
- Build and enhance models and tools used to monitor risk and explain performance drivers across quant arb strategies.
What You Bring
- 1-5 years of experience in capital markets or quantitative strategy research.
- Experience in an equity-focused risk analyst role; exposure to equity derivatives or other asset classes is a plus.
- Experience with index, ETF, quantitative investment strategy (QIS), or Stat Arb research is a plus.
- Practical experience with equity factor models, such as Barra or Axioma, is preferred. • Experience with AI tools, including AI-assisted coding, agentic workflows, and large language model use for research and recurring analytical work, is a plus.
- Strong quantitative, analytical, and problem-solving skills.
- Strong programming skills, including Python and SQL.
- Intellectual curiosity, sound judgment, and the ability to work independently on openended research questions.
Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $70,000 to $160,000, which is specific to New York City 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.