Credit Operations Manager

Balyasny Asset Management L.P.; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Balyasny Asset Management L.P. is seeking a Manager, Credit Operations to support credit portfolio managers and traders across diverse products and processes.

The role covers trade lifecycle management, settlements, and issue investigations while maintaining strong broker and counterparty relationships. The ideal candidate brings 5–7 years in a related finance role, a technical or business degree, and strong communication, organization, and project management skills with a preference for

Qualifications

• Technical, business, or relevant finance degree.
• Minimum of 5-7 years of relevant work experience in an investment bank, Fund Admin, Asset Manager, or Hedge fund.
• Strong communication, organization, multitasking, and project management skills.
• Experience with structured credit products is strongly preferred.

Responsibilities

• Trade Lifecycle Management: manage the full lifecycle of credit trades incl. affirmation, matching, settlement, exercise/expiry across products like structured credit, CDX/CDS, CLO, CMBS, MBS, TBA cash bonds.
• Maintain Relationships: interact with Executing Brokers, Prime Brokers, Fund Admins, and other counterparties daily.
• Settlements / Fails: handle firm’s Bonds, Repo and structured credit settlements; escrow with Prime Brokers to Executing Brokers for timely settlement.
• PnL Investigation: work with PnL Control to investigate outages and verify models and securities are set up properly with Clearing Houses and counterparties.
• Technology Enhancements: collaborate with technology teams, front office, and vendors to automate processes and improve scalability.

Skills

Communication

Organization

Multitasking

Project management

Structured credit experience

Education

Bachelor's degree in finance or related field

Job description

In the role of Manager, Credit Operations, the employee will be responsible for supporting Credit portfolio managers and traders across a wide range of products / processes.

• Trade Lifecycle Management: Our team manages the full lifecycle of credit trades including affirmation, matching, settlement, exercise / expiry. Products include but are not limited to structured credit, CDX/CDS, CLO, CMBS, CMBS, MBS, TBA cash bonds.
• Maintain Relationships: Middle Office interacts with Executing Brokers, Prime Brokers, Fund Admins, and other counterparties daily. It is important to build and maintain relationships with these parties.
• Settlements / Fails: Responsible for the firm’s Bonds, Repo and structured credit settlements. Partner with our Prime Brokers to escrow to Executing Brokers for timely settlement.
• PnL Investigation: Work alongside PnL Control to investigate PnL outages and breaks. Verify models and securities are setup properly and matching Clearing Houses such as ICE and counterparties for bilateral products.
• Technology Enhancements: Proactively work with, technology, front office, and external vendors to improve operational processes and automate where possible to minimize manual efforts and ensure scalability / stability.

QUALIFICATIONS & REQUIREMENTS

• Technical, business, or relevant finance degree
• Minimum of 5-7 years of relevant work experience in an investment bank, Fund Admin, Asset Manager, or Hedge fund
• Strong communication, organization, multitasking, and project management skills
• Experience with structured credit products is strongly preferred
• Practical knowledge of global financial markets