Consultant - Trade data integrity

Consultant - Trade data integrity

The Execution Services team is responsible for trade execution, analysis and optimization across multiple products and geographies. Partnering across multiple teams, including trading, quant research, technology and legal & compliance, Execution Services enhances and optimizes the execution process for each investment team as well as the overall organization. The successful candidate is an inherently curious self-starter, eager to 1, Understand and communicate higher level business impact of any given problem and 2. Dive into details (technical or qualitative) to help find and drive the solution. The candidate is responsible for both leading and managing projects from start to finish, including identifying key stakeholders, understanding and articulating what the problem is across a variety of stakeholders both technically and commercially as well as partnering across teams to drive the solution.

Principal responsibilities

• Identify and articulate issues both commercially and technically
• Determine who are the key stakeholders and other relevant team members
• Collaborate with others to define project scope and objectives, develop detailed work plans and deliver other project artifacts as required to drive projects from greenlight to go-live
• Proactively anticipate and identify project issues and risks and recommend mitigations
• Provide regular reporting covering project/program status including major deliverables, risk factors and next steps

Qualifications / Skills required

• 5+ years relevant work experience
• Current or former Management Consultant with experience in financial services or in a project management role for a financial services firm with implementation experience
• Familiarity with financial products, institutional end to end trading workflows and trading technology, particularly order management systems
• Strong experience with data manipulation in any SQL like language. q/KDB experience is a plus but not required.
• Proficiency with Jira and Agile project management methodologies
• Excellent problem-solving skills and ability to work in a structured manner
• Experience influencing mid to senior level executives / ability to develop and maintain working relationships across various stakeholders
• Strong presentation skills and experience presenting to senior leadership
• Excellent written and verbal communication skills
• Well versed in project management tools and standard methodologies
• Proven track record of meeting and exceeding targets
• Detail oriented; demonstrate thoroughness and strong ownership of work
• Good team player with a strong willingness to participate and help others
• Able to prioritize in a fast moving, high pressure, constantly changing environment – strong sense of urgency

Scope of work
Context

Trade data integrity is essential to Millennium overall as well as each of its businesses

In the past, Millennium primarily invested in equities

• Our research and trade data for equities can be analyzed with confidence, relative to other asset classes
• This confidence has been built over time through the combined efforts across execution services, business and technology

As the firm has grown in scope and size, demand for similar research and trade analysis in other asset classes, including options, credit, rates, commodities, has also grown. Notable recent requests to broader Execution Services team include

• Office of the Chief Investment Officer (OCIO) asked to better understand fixed income / credit derivative trade performance and potential opportunity for growth
• Volatility business has asked to understand their trading information and potential opportunity for growth as well

Given the complexity of Millennium’s execution stack (including the number of systems, vendors and teams), understanding and addressing the quality of trade data is not straightforward: This effort requires the ability to navigate across multiple systems as well as teams and individuals who historically have not had a need to closely collaborate

Overarching goal
Holistically produce and maintain clean, consistent trade data that can be used across teams and businesses to drive greater value to our investors. Sustainably address consistent data quality issues across internal and external systems

Tactical goals
Each internal and external trading system across the lifecycle of a trade should provide a stream of comprehensive, timely and accurate data (this should be a requirement before completion of onboarding any trading system or vendor)

• In other words, no one team should be singularly flagging issues
• All applications should have their own independent DQ checks that are communicated across the full stack

All teams should collectively define and agree on SLAs for DQ issue acknowledgement, correction and quick turnaround

This role ultimately lays the groundwork for all teams to achieve aforementioned tactical goals in the future, ideally independent of this role

This role will require close partnership with the following teams:

• Execution Services: Electronic Trading Services, Central Liquidity Strategies
• Equity IT: Market Connectivity, Development, Execution Technology (SOMS, market connectivity / EPA, etc.)
• Operations, Middle Office and Corporate Technology: Reference Data / IMPACT,
• Systematic Data (TIQ)
• External third party vendors: Data providers, brokers

The estimated rate for this position is $750 to $1,650 per day, which is specific to New York and may change in the future. When finalizing the rate, we take into consideration an individual’s experience level and the qualifications they bring to the role.