OTC Trade Operations Analyst - Hedge Fund

Selby Jennings; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Selby Jennings is seeking an Operations Analyst for a Hedge Fund with a Global Macro focus in London. The candidate will handle cleared and bilateral OTC derivatives, perform trade matching, clearing, settlements, and reconciliations, and deliver daily P&L support.

Ideal applicants have 3–7 years’ experience in hedge funds or investment banks, with strong VBA and Python skills. The role emphasizes collaboration with brokers and custodians and enhancing processes.

Qualifications

• 3–7 years of hedge fund or investment bank operations experience.
• Strong knowledge of OTC derivatives (rates, credit, IRS, FX, swaps).
• Experience with trade matching, clearing, settlements and reconciliations.
• Daily P&L support and investigation of trade and cash breaks.
• Ability to liaise with brokers, custodians and external parties.
• Preference for candidates with VBA and Python skills.

Responsibilities

• Manage cleared and bilateral OTC derivative workflows.
• Execute trade matching, clearing, settlements and reconciliations.
• Provide daily P&L support and investigate trade/cash breaks.
• Liaise with brokers, custodians and external parties to resolve issues.
• Support operational improvement initiatives and project work.

Skills

OTC derivatives experience

Trade matching

Clearing

Settlements

Reconciliations

P&L support

Trade/cash breaks investigation

Liaising with brokers

Operational improvement

VBA

Python

Tools

VBA

Python

Job description

Operations Analyst - Hedge Fund - Global Macro

Competitive salary and strong bonus potential

Our client is a boutique hedge fund manager running a discretionary global macro investment strategy. The firm combines fundamental macroeconomic research with disciplined risk management to generate attractive risk-adjusted returns across international markets.

Our client is looking to hire someone who is from a Hedge Fund or Investment Bank within Operations, the ideal candidate must possess strong product knowledge across OTC Derivatives (Rates, Credit, IRS, FX, Swaps etc.). If you have strong coverage of Macro strategies that would be a big bonus.

Required Experience and Responsibilities

• Cleared and Bilateral OTC Derivative Experience
• Trade matching and clearing
• Settlements
• Reconciliations
• Daily P&L support
• Investigating trade and cash breaks
• Liaising with brokers, custodians and other external parties
• Supporting operational improvement initiatives and project work
• Ideally 3 - 7 Years experience gained in a Hedge Fund or Investment Bank
• Prefence to those with strong VBA and Python skills