Job Overview – Senior Operations Associate (Hedge Funds):
Join our client as a Senior Operations Associate in New York, NY. This hybrid role is integral to supporting trading activities and ensuring the accurate processing of trade data. With a focus on credit default swaps (CDS), you’ll leverage your middle office experience from both sell-side and buy-side perspectives to enhance operational efficiency at a leading hedge fund.
Compensation: $120,000 – $185,000/year + bonus
Location: New York, NY
Schedule: Monday to Friday (Hybrid)
Responsibilities as the Senior Operations Associate:
- Trade Reconciliation: Reconcile daily trades, investment positions, and cash balances with external banks, prime brokers, counterparties, and custodians.
- Confirmation Processing: Review and process OTC long-form and electronic confirmations via platforms such as TradeServ, ICE, CME, and MarkitWire.
- Data Integrity: Maintain updates to the security master, fee/commission schedules, and holiday calendars.
- Process Improvement: Assist with developing and enhancing operational workflows to improve efficiency.
- Settlement Resolution: Resolve settlement breaks for cash securities, including equities, bonds, and listed options.
- PNL Oversight: Run the firm’s end-of-day PNL process, identifying and resolving issues that could impact outcomes.
Qualifications for the Senior Operations Associate:
- Education: Bachelor’s degree in Finance, Accounting, or a related field preferred.
- Experience: 4-8 years of Operations or Middle Office experience from a fund or bank, with exposure to CDS, equity TRS, or OTC derivatives.
- Technical Proficiency: Experience with Enfusion/Integrata OMS/PMS required (knowledge of VBA is preferred).
- Skills: Demonstrates expertise in operational processes, corporate actions (splits, spin-offs), and lifecycle events for OTC derivatives.
- Attributes: Strong communication skills to effectively liaise with traders and PMs, with a proactive approach to resolving complex operational challenges.
Application Notice: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, Atlantic Group will keep your resume on file for future opportunities and may contact you for further discussion.