software engineer

technology lead

senior developer

researcher

records coordinator

Millennium Management

My role was to provide support for internally developed applications including our broker neutral Equity execution and intra-day PNL platforms.  I also provided training for all new PM's and execution traders on these platforms and arranged installation/training for all third-party vendor software eg; Barx Xtas, Hot Spot FX, GS Redi Plus, etc.

I also interfaced with internal Risk to implement trading limits for each group and put in place with the counter-party as well as enter into our "Sentinel" pre-trade limit monitoring system.

Other responsibilities included following a trade from outbound order to the reception of execution reports and resolving any issues that occurred during that time frame.  Many times I would use internal resources to track down missing executions, search through fix logs, confirm fill prices, and move trades from one portfolio to another if necessary.

The production support individuals are of the highest caliber and their assistance was crucial when resolving complex issues.  Over the years working closely with them, I have learned a great deal regarding electronic trading, execution across asset classes, fix protocol and trade capture.

I found most of the group managers to be extremely experienced, qualified, and were always willing to provide resources if they were needed.  What makes Millennium truly special are the people.

Most Difficult - When an outage occurred with a counter-party, we were at times unsure if the execution reports would be sent back resulting in incorrect PNL for the affected trading groups, many irate calls and emails.  I found it trying because the issue resolution was out of my hands and with the counter-party.

Most Enjoyable - Successfully resolving a difficult issue with other members of production support.  I found it very satisfying when I was able to pin point the cause of an issue or contribute to the resolution of it.

I joined as subject matter expert for implementation of Compliance system product (SunGard) and to streamline compliance procedures.
I learned corporate and regulatory compliance with emphasis on Hedge Fund Industry.  Being a multi-strategy fund, it provides tremendous scope of learning about how this Industry works.
The workplace culture is very energetic and it pushes one to excel in their role.  The hardest part was probably to slow down because there is always so much energy around.  The most fun part was the Friday afternoon, while we all enjoyed lunch together that was provided by the company.

Millennium harnesses the entrepreneurial drive of our people, who are critical to the success of the organization. We seek to attract, develop and retain the best talent in the industry. We offer an opportunity for developing your career by working with a leadership team that has years of industry experience across a variety of disciplines. We encourage our personnel to work together in a collegial and collaborative team-based environment.

This was a partnership business venture where we received and supplied merchandise on consignment and ran a direct marketing and outside sales office. I organized and managed the organization entirely and it was an amazing experience. As one of the top performing sales offices in the North East U.S. for years, I consider the endeavor to be a great accomplishment.

Millennium was a great firm to work for.  However as of late, the firm is turning into a bank.  Multiple levels of management have been introduced where none were required before.  There is a lot more politics and less emphasis on getting "job done".

Promises made were not kept regarding scheduling.  Made to work when sick because no one could cover shift.  Lack of necessary support staff, and higher expectations than realistically feasible.   At any time, someone from the corporate office could remote access into your computer.

Top performing multi-strategy hedge fund, overall I would recommend but it really does depend on the culture of the team you are in rather than the whole department. One good aspect of the company is you don't have a laptop you need to take in as the company mandates employees to be fully in office. 

Millennium employs intelligent professionals to produce results for their investors.  Every day they leverage their knowledge and partnerships efficiently and effectively to create positive returns and build a stronger business.

The most enjoyable part of the job was the collaboration of projects. My colleagues at Millennium were well versed at their field and as a result, learning something new came as normal to me.

Millennium used to be a good company but over the years the red tape grew more and more. There is no career growth and IT is seen as a cost center. This is a fast past environment so prepare to work and work hard. If you want a 8-5 this is not it.

Top Job Titles	Average Salary
Software engineer 3 salaries reported	$165,000 per year
Technology lead 1 salary reported	$212,500 per year
Senior developer 1 salary reported	$235,000 per year
Researcher 1 salary reported	$175,000 per year
Records coordinator 1 salary reported	$19.00 per hour

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