Trade Operations Associate Jobs

Trade Operations Associate | New York | Cross Asset Class | Hedge Fund

This firm is a multi-strategy, multi-manager hedge fund founded in 2008, that focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

The Hedge Fund Trade Operations Associate is responsible for providing middle office services within the firm in a fast-paced environment, and communicating with portfolio managers, traders, brokers, and other interested parties, in order to confirm and settle trades on time, while completing daily deliverables, and fulfilling other trading and operational tasks.

Responsibilities:

• Performing other duties as may be requested by senior management
• Grasp big-picture objectives to help senior management streamline workflows and minimize operational risk
• Monitor third-party platforms like Markitwire, ICE, prime broker portals, and administrator systems for trade management
• Work with the Reconciliation and Control teams to ensure the accuracy of internal books and records
• Work closely with Trading, Fund Accounting, Technology, and Risk teams with managing all trade lifecycle events for an array of asset classes including equity products, exchange-traded derivatives, OTC derivatives, FX, and fixed-income products
• Identify process gaps, and work with internal and external resources to create detailed requirements to solve issues
• Assist with trade bookings, corporate action processing, support on P&L inquiries, and daily reconciliations
• Maintaining up-to-date knowledge of industry best practices to further develop effective operational policies and procedures;
• Perform adequate due diligence to completely resolve all issues, in a timely manner, in order to avoid any financial or reputational impact;
• Develop and maintain strong working relationships with both internal and external stakeholders;
• Process trade allocations, affirmations, settlements, options exercise/assignments, and related tasks

Requirements:

• Several years of relevant work experience
• Undergraduate degree; preferably with a concentration in finance, economics, or related discipline
• Ability to work both independently and within a team
• Ability to communicate professionally and effectively with both internal and external stakeholders
• Ability to efficiently prioritize daily processes, ad-hoc requests, and any issues escalated by internal and external parties
• Intermediate or higher Excel proficiency
• Self-starter with excellent analytical and problem-solving skills
• General knowledge of and familiarity with financial instruments (i.e. equities, fixed income, options, swaps, futures, foreign exchange) within both domestic and global securities markets
• High level of computer literacy, and capability to learn new systems quickly
• Strong attention to detail

***Compensation is unprecedented and based on experience***