Associate, Derivative Operations

Obra Capital; New York (NY); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan with company match

Daily lunch stipend

Job summary

Obra Capital is seeking an Associate, Derivatives Operations in New York to support the firm's equity derivative operations and enhance reporting workflows. Candidates must possess a Bachelor's degree, with 3–6 years of middle office experience preferred.

The position offers a salary range of $90,000-$120,000, and includes a comprehensive benefits package, such as medical coverage, a 401(k) plan, and daily lunch stipend.

Qualifications

• 3–6 years of relevant middle office or operations experience within an alternative asset manager, hedge fund, or investment management firm.
• Hands-on experience supporting equity derivative settlement, valuation, and administration strongly preferred.
• Detail-oriented, process-driven, and comfortable operating in a fast-paced environment.

Responsibilities

• Support daily operational processes for portfolio management and trading activities.
• Oversee the full trade lifecycle including trade capture, confirmation, and reconciliation.
• Liaise with traders and counterparties to resolve operational issues.

Skills

Equity derivative settlement

Data analysis

Microsoft Excel

Education

Bachelor’s degree in Accounting, Finance, Economics or related field

Tools

Bloomberg

Enfusion

Job description

Position Overview

Obra Capital is seeking an Associate, Derivatives Operations to join its New York office. Reporting to the Head of Operations, this role will support the firm’s growing credit platform and continued expansion into equity derivative securities. The Associate will be responsible for end-to-end middle office operational support across equity derivatives, including options, futures, forwards, synthetics, ETFs, and related instruments.

This position sits within the middle office and works closely with portfolio managers, traders, and internal infrastructure teams (Accounting, Finance, Tax, Compliance, and Legal), as well as external service providers and counterparties. The role requires a strong understanding of the trade lifecycle, operational controls, and valuation processes, with the ability to enhance reporting and operational workflows through data analysis and system optimization.

Key Responsibilities

• Support daily operational processes enabling portfolio management and trading activities across equity derivative strategies
• Oversee the full trade lifecycle, including trade capture, confirmation, settlement, and reconciliation for equity derivatives
• Liaise with traders, portfolio managers, counterparties, fund administrators, and third-party service providers to resolve breaks and operational issues
• Review daily, monthly, and quarterly valuations, reconciliations, and position verification processes
• Participate in cash management, collateral movements, margining, and liquidity monitoring
• Execute departmental procedures and internal controls to ensure accuracy, timeliness, and adherence to operational standards
• Prepare portfolio-, strategy-, and manager-level reporting, including analysis of holdings, performance, leverage, and risk exposures
• Support onboarding, enhancement, and ongoing maintenance of operational infrastructure, systems, and workflows
• Partner with Operations and Finance to improve reporting, controls, and data integrity across positions, P&L, and exposure reporting
• Assist in the development and enhancement of operational tools, spreadsheets, dashboards, and automated reports
• Respond to ad-hoc operational and data inquiries by producing accurate and timely analyses
• Contribute to documentation, testing, and continuous improvement of operational processes and systems

Qualifications

• Bachelor’s degree required; Accounting, Finance, Economics, or related field preferred
• 3–6 years of relevant middle office or operations experience within an alternative asset manager, hedge fund, or investment management firm
• Hands‑on experience supporting equity derivative settlement, valuation, and administration strongly preferred
• Exposure to structured credit products (e.g., CLOs, ABS, RMBS, CMBS) is a plus
• Experience working with portfolio and order management systems; Enfusion experience a plus
• Strong proficiency in Microsoft Excel, including advanced formulas, PivotTables, and data analysis
• Familiarity with Bloomberg and financial market data platforms
• Detail‑oriented, process‑driven, and comfortable operating in a fast‑paced, trading‑oriented environment

Compensation & Benefits

In accordance with New York State pay transparency laws, the expected base salary range for this position is $90,000–$120,000, commensurate with experience. Total compensation may include a discretionary bonus based on individual and firm performance.

Obra Capital offers a comprehensive benefits package, including medical, dental, and vision coverage; a 401(k) plan with company match; FSA and HSA options; life and disability insurance; commuter benefits; and a daily lunch stipend.