Front Office Quantitative Analyst

Who We Are
The Sydney office of Milliman Inc. is looking for bright, enthusiastic and qualified candidates to work in their Financial Risk Management (FRM) practice in the Capital Markets Group.
Milliman’s rigorous, distinctly innovative approach to risk management is built on a foundation of actuarial expertise and shaped by some of the most advanced thinking in the industry. Whether you're looking to improve capital efficiency, comply with regulatory requirements, or guard against market volatility, Milliman offers a complete range of operational, strategic, and financial risk management solutions and tools.

We have a focused, multi-disciplinary team of actuaries, financial engineers/capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, and capital requirements.
We hire the best in the business—and then trust them to do their work their way. It's about personal responsibility, creativity, flexibility. We believe great work happens in great work environments.
Our culture is highly collaborative with value placed on high quality work and innovation.
The Department/Team
Milliman Pty Ltd is seeking a Quantitative Analyst to join its Capital Markets Group as a member of the trading team in Sydney. The new team member will play a critical role in growing the organization’s capabilities to trade a wide range of cash securities and derivatives, including fixed income, equities, FX, commodities, ETFs, and related exchange traded futures and options, and OTC derivatives. The trading team executes securities and derivatives transactions in both domestic and international markets, to achieve best execution and meet client portfolio management objectives.

Your Role/What You’ll Do

The Quantitative Analyst will be responsible for supporting the Trading team by building, maintaining, and enhancing portfolio management and execution tools, verifying blotters and reports to ensure data accuracy, and developing back-testing and optimization models to assist traders and clients.

• The primary responsibility is to update, enhance, and support models used by Traders to monitor exposures and determine trading decisions, as well as updating associated transaction records and market data.
• Assist Traders with pre-trade order data verification and peer reviews.
• Identify and reconcile data discrepancies, ensuring follow-through to resolution.
• Demonstrate the ability to understand and interpret various types of trades executed by the trading team.
• Develop accurate and efficient back-testing or optimization models for investment strategies, including asset allocation, tail risk hedging, income generation, and capital preservation.
• Drive ongoing process improvements related to trading activities.
• Support timely deal entry and resolve issues to ensure all reporting requirements are met.
• Maintain up-to-date process and procedure manuals.
• Serve as a point of contact for data-related inquiries from Operations, Compliance, Bloomberg Support, and other stakeholders, as appropriate.

Required

Your Qualifications

• A bachelor’s degree or higher in a quantitative discipline such as Computer Science, Economics, Engineering, Mathematics, Actuarial Science, or Physics.
• Proficiency in Excel and other similar desktop applications and tools.
• Programming skills in languages such as C#, Python, or equivalent.

Essential

• Prior experience in a Trading Analyst role is preferred.
• Ability to manage multiple tasks and perform effectively in a fast-paced environment.
• Capacity to understand the broader investment objectives underlying trade orders and to proactively consult with portfolio managers and traders.
• Strong commitment to delivering results within tight deadlines.
• Maturity, sound judgment, and a professional demeanor.

Desired

• Experience with electronic trading tools and platforms such as Bloomberg.
• Knowledge of financial derivatives and structured products.
• Excellent communication skills, with the ability to clearly and succinctly convey ideas and recommendations both verbally and in writing.