Operations Lead: Distressed Credit & Convertibles (London)

Black Swan Group; Greater London; On-site; GBP 120,000 - 135,000; Full time

Benefits offered by this job

Company bonus

Job summary

Black Swan Group in London seeks an experienced Operations Manager to build the ops framework for a new Hedge Fund focusing on Distressed Bank Loans, Private Credit and Convertible Investments. You will shape processes, oversee trade support, and partner with external vendors to scale the business.

The role requires 5–10+ years in distressed debt and related assets, strong risk controls, and excel/OMS/PMS proficiency. Office-based with future flexibility being explored.

Qualifications

• 5–10+ years in Distressed Bank Loans / Debt, Private Credit, Convertible Bonds, and Alternative Investments.
• Direct knowledge of convertible investments and trade lifecycle management.
• Familiarity with prime brokerage, fund administration, and regulatory compliance.
• Experience with risk management and control frameworks.
• Proficiency in Excel and financial tech (OMS/PMS); Enfusion preferred.
• Strong analytical, problem-solving, and communication skills.

Responsibilities

• Manage middle-office operations: trade reconciliation, position mgmt, P&L reporting.
• Liaise with prime brokers, fund admins, custodians and counterparties for smooth ops.
• Implement and maintain operational controls and risk mitigation procedures.
• Drive automation and process improvements to boost efficiency and reduce risk.
• Ensure regulatory reporting and compliance obligations are met.
• Support PMs and traders with operational queries and issue resolution.
• Lead ops projects including system implementations and upgrades.

Skills

Distressed debt

Private credit

Convertible bonds

Trade lifecycle

Prime brokers

Excel

OMS/PMS

Enfusion

SS&C

Regulatory compliance

Tools

Enfusion

SS&C

Job description

Black Swan Group in London seeks an experienced Operations Manager to build the ops framework for a new Hedge Fund focusing on Distressed Bank Loans, Private Credit and Convertible Investments. You will shape processes, oversee trade support, and partner with external vendors to scale the business.

The role requires 5–10+ years in distressed debt and related assets, strong risk controls, and excel/OMS/PMS proficiency. Office-based with future flexibility being explored.