Fixed Income Specialist - NAM Shift

Fixed Income Specialist - NAM Shift

Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets. Defined by evolution, innovation and focus, Millennium's mission is to deliver high-quality returns for our investors. Millennium seeks to empower talented professionals with the sophisticated expertise, resources and technology to pursue a diverse range of investment strategies across industry sectors, asset classes and geographies.
 

We are looking for an experienced professional to manage Fixed Income reconciliations, fails management, and TMPG claims. The role requires strong product knowledge across fixed income securities, a solid understanding of settlement and post-settlement activities, and the ability to work with internal teams, counterparties, custodians, and agent banks to resolve breaks and aged fails efficiently.
 

Key Responsibilities

• Perform daily fixed income reconciliations across cash, positions, and settlements.

  
  

• Investigate and resolve trade, position, and cash breaks within agreed timelines.

  
  

• Manage fails monitoring and ensure timely follow-up with brokers, custodians, and internal teams.

  
  

• Handle TMPG claims end to end, including identification, calculation validation, dispute handling, and settlement tracking.

  
  

• Review aged fails and drive resolution through escalation where required.

  
  

• Liaise with Front Office, Middle Office, Settlements, Operations Control, counterparties, and agent banks for break resolution.

  
  

• Ensure accurate reporting of fails, aged breaks, TMPG exposure, and reconciliation status to management.

  
  

• Monitor and validate daily files, statements, and broker reports used for reconciliation and fails management.

  
  

• Identify root causes of recurring issues and recommend process improvements.

  
  

• Support BCP testing, audit queries, process reviews, and control governance activities.

  
  

• Prepare and maintain SOPs, checklists, and process documentation.

  
  

• Mentor junior team members and support cross-training within the team.

  
  

Required Experience

• 6–10 years of relevant experience in Fixed Income Operations / Reconciliation / Fails Management.

  
  

• Strong hands-on experience in Fixed Income products, including bonds, treasuries, agencies, repos, and related settlements.

  
  

• Good understanding of fails management lifecycle and settlement controls.

  
  

• Hands-on experience in handling TMPG claims and market claims processes.

  
  

• Experience in investigating cash and position breaks across multiple systems and broker statements.

  
  

• Strong knowledge of trade lifecycle, settlement flows, and post-settlement operations.
   

  
  

Required Skills

• Strong knowledge of Fixed Income reconciliation and settlement processes.

  
  

• Good understanding of TMPG guidelines and claims methodology.

  
  

• Experience in fails reporting, claim calculation review, and dispute resolution.

  
  

• Strong analytical and problem-solving skills.

  
  

• Ability to manage high volumes and work under tight deadlines.

  
  

• Excellent stakeholder management and communication skills.

  
  

• Strong control mindset with attention to detail.

  
  

• Good Excel skills for data analysis and reporting.
   

  
  

Preferred Systems Knowledge

Experience in one or more of the following will be preferred:

• TLM / Gresham / TriResolve

  
  

• Murex / Omega / Bloomberg

  
  

• Custodian and broker reporting platforms

  
  

• Excel-based reporting / automation tools

  
  

Key Competencies

• End-to-end process ownership

  
  

• Risk and control awareness

  
  

• Escalation management

  
  

• Stakeholder collaboration

  
  

• Team mentoring and leadership support

  
  

• Process improvement mindset