Associate, Risk Retention Operations

Nearwater Capital, LLC; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Nearwater Capital is seeking a qualified operations professional to join its US Liquid Markets team in New York. The role focuses on front-to-back fixed income workflows, including settlement, lifecycle management, and reconciliations, with an emphasis on efficiency and risk controls.

You will partner with trading desks, counterparties, and technology to optimize processes, automate reporting, and strengthen operational controls.

Qualifications

• 3+ years of direct experience in a financial services organization supporting fixed income operations.
• Operational functions: Settlements, Lifecycle Management, Reconciliations, Trade Support and Corporate Actions with Global Markets.
• Product knowledge: fixed income products; Repo and Commercial Paper experience desirable.
• Familiar with financial markets, trade lifecycle and technology; Enfusion a plus.
• Advanced Excel and data-analysis/automation tools (Alteryx, Python, SQL, VBA, Power BI) to improve reporting accuracy and efficiency.
• Self‑motivated, proactive team player with ability to manage multiple tasks in a structured, high‑volume environment.

Responsibilities

• Support daily operations of fixed income conduits and settlement of commercial paper.
• Provide lifecycle management support for fixed income products and track issuance/maturity of short‑term paper.
• Manage trade settlements for commercial paper and repo transactions, including confirmations, broker/custodian communication, reconciliation, and issue resolution.
• Conduct control reconciliations to ensure booking accuracy between internal systems and external records.
• Assist in process improvements and system enhancements and support change requests.
• Act as a point of contact for client settlement queries and escalations.
• Participate in firmwide and departmental projects to streamline workflows and reduce operational risk.
• Build and maintain automated dashboards and reconciliations for asset‑pool monitoring and cash‑flow tracking.
• Partner with Technology to enhance system functionality and implement data validation checks.

Skills

Fixed Income operations

Trade lifecycle

Cross‑department collaboration

Data analysis/automation mindset

Strong verbal and writtencommunication

Tools

Enfusion

Advanced Excel

Alteryx

Python

SQL

Power BI

Job description

The Opportunity

You will be a key member of Nearwater Capital’s Operations team, supporting the firm’s Liquid Markets business within the US.

The ideal candidate will have deep expertise across the trade lifecycle for Fixed Income, and Derivative products, a strong understanding of front-to-back operations, and the ability to collaborate across departments to enhance workflows and controls. This role will serve as a main point of contact for operational inquiries engaging with internal trading desks, counterparties, and custodians.

What You’ll Do

Support daily operations of ABCP conduits: settlement and rollover of commercial paper

Provide lifecycle management support for Fixed Income products, Commercial paper, tracking issuance and maturity of short-term paper

Manage trade settlements with a focus on Commercial paper and Repo Transactions alongside Equity TRS, including trade confirmation, broker and custodian communication, reconciliation, and issue resolution.

Conduct control reconciliations to ensure booking accuracy between internal systems and external records.

Assist in process improvements and system enhancements: assess operational workflows, identify inefficiencies, support system implementation or change requests.

Act as a key point of contact for client settlement queries and operational escalations.

Participate in firmwide and departmental projects aimed at streamlining workflows and reducing operational risk.

Build and maintain automated dashboards and reconciliations for asset-pool monitoring and cash‑flow tracking.

Partner with Technology teams to enhance system functionality, implement data validation checks, and support workflow digitization.

What We’re Looking For

3+ years of direct experience in a financial services organization supporting fixed income operations

Operational Expertise: demonstrate considerable understanding of key operational functions such as Settlements, Lifecycle Management, Reconciliations, Trade Support and Corporate Actions with Global Markets

Product Knowledge: demonstrate high‑level knowledge and understanding of fixed income products. Experience with Repos and Commercial Paper is highly desirable

Strong knowledge of financial markets, trade lifecycle and industry technology. Familiar with Enfusion a plus

Preferred - Advanced Excel and experience with data‑analysis or automation tools (e.g., Alteryx, Python, SQL, VBA, Power BI) to improve reporting accuracy and efficiency.

Self‑motivated and proactive team player who takes ownership of projects with the aptitude to manage multiple tasks at the same time.

Ability to work in a structured, high volume, time sensitive, high risk and demanding environment

Strong verbal and written communication skills

Able to work as part of a team, as well as operate independently

What You’ll Get

Direct exposure to Fixed Income, Commercial Paper, and Repo workflows front‑to‑back.

Regular engagement with trading desks, counterparties, and custodians, meaning real visibility, not a back‑office silo.

The opportunity to help shape process improvements and system enhancements as the team builds out its technology and automation capabilities.

Participation in firmwide and departmental projects, with a clear line from your day‑to‑day work to broader operational risk reduction.

How You Work

You are self‑motivated and proactive, taking ownership of projects and issues rather than waiting to be told what's next.

You stay organized and accurate under pressure, comfortable in a structured, high‑volume, time‑sensitive, and demanding environment.

You communicate clearly, verbally and in writing, and you're just as effective operating independently as you are working as part of a team.

You're a natural problem‑solver who partners well across departments, especially Technology, to fix root causes, not just symptoms.

You bring a genuine interest in the trade lifecycle and financial markets, and you look for ways to use data and automation to work smarter.

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions‑based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.

Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.