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 a wide range of products and processes.

You will oversee trade lifecycle management, settlements, PnL investigations, and drive technology enhancements with front office and external vendors to improve efficiency and scalability.

Qualifications

• Strong communication, organization, multitasking and project management skills.
• 5-7 years of experience in an investment bank, fund admin, asset manager or hedge fund.
• Experience with structured credit products is strongly preferred.

Responsibilities

• Trade Lifecycle Management across credit products including affirmation, matching, settlement, exercise/expiry.
• Maintain relationships with executing brokers, prime brokers, fund admins and counterparties.
• Settlements / Fails for Bonds, Repo and structured credit; escalate to executing brokers when needed.
• PnL investigation with PnL Control to verify models and settlements; ensure accurate clearing house connections.
• Partner with technology and vendors to automate processes for scalability and stability.

Skills

Communication

Organization

Multitasking

Project management

Structured credit knowledge

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 **escalate** 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