Middle Office Operations
Job title: Hedge Fund Middle Office Operations Associate
Work Model: 3x a week in office, NYC or Norwalk based
Summary: A multi strat hedge fund is seeking a middle office operations associate to join their team. They are hiring for their OTC (IRD, CDS Preferred), Fixed Income (bonds, munis, treasuries, etc.), Fixded Income Futures, and TRS (bank debt, swaps, bank loans, etc.) teams. This candidate will help run smooth middle office operations and trade support while coordinating with front office professionals. There is 1 headcount for each of the 4 teams listed.
Responsibilities
- 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
- Assist with trade bookings, processing life cycle events, support on P&L inquiries, and daily reconciliations
- Process trade allocations, affirmations, settlements, options exercise/assignments, and related tasks
- Work with the Reconciliation and Control teams to ensure the accuracy of internal books and records
- Identify process gaps, work with internal and external resources to create detailed requirements to solve issues
- Help senior management streamline workflows and minimize operational risk
- Maintaining up-to-date knowledge of industry best practices to further develop effective operational policies and procedures
- Assist with swap resets, trade bookings, corporate action processing, support on P&L inquiries, and daily reconciliations for Geneva
- Responsible for managing ClearPar timelines and closing loans on Clearpar
- Setup loans in Geneva and continuously maintain events like PIKs and paydowns within Geneva
- Monitor third-party platforms like OSTRA MTM, Markitwire, ICE, prime broker portals, and administrator systems for trade management
Qualifications:
- 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
- In depth knowledge of exchange traded derivatives and fixed income securities highly preferred OR a primary focus on Total Return Swaps and Bank Loans OR experience with IRS or CDS
- Strong futures background and familiarity with futures delivery
- Ability to efficiently prioritize daily processes, ad-hoc requests, and any issues escalated by internal and external parties
- Intermediate Excel proficiency
- Ability to communicate professionally and effectively with both internal and external stakeholders
- High level of computer literacy, and capability to learn new systems quickly
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