Hedge Fund Trade Operations Analyst - Fixed Income Reconciliations & Settlements

Verition Fund Management LLC; New York (NY); On-site; USD 85,000 - 125,000; Full time

Job summary

An established industry player is seeking a Hedge Fund Trade Operations Analyst to oversee trade reconciliations and settlements. This role involves collaborating with portfolio managers and traders to ensure timely trade confirmations and settlements while managing daily operational tasks. The ideal candidate will possess a strong background in financial instruments, particularly in fixed income and derivatives, and demonstrate excellent analytical and problem-solving skills. Join a dynamic team where your contributions will help streamline workflows and minimize operational risks in a fast-paced environment.

Qualifications

• 7+ years of experience in trade operations or related field.
• Strong knowledge of financial instruments and markets.

Responsibilities

• Manage trade lifecycle events for various asset classes.
• Ensure accuracy of internal books and records.

Skills

Analytical Skills

Problem Solving

Attention to Detail

Communication Skills

Excel Proficiency

Education

Bachelor’s degree in Finance or Economics

Tools

Financial Instruments Knowledge

Trade Management Platforms

Job description

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Job Title: Hedge Fund Trade Operations Analyst - Fixed Income Reconciliations & Settlements

The Hedge Fund Trade Operations Analyst is responsible for communicating with portfolio managers, traders, brokers, and other interested parties, in order to confirm and settle trades on time, while completing daily deliverables, and fulfilling other trading and operational tasks.

Key Responsibilities:

• Work closely with Trading, Fund Accounting, Technology, and Risk teams with managing all trade lifecycle events for an array of asset classes including equity products, exchange traded derivatives, OTC derivatives, FX, and fixed income products
• Assist with trade bookings, processing life cycle events, support on P&L inquiries, and daily reconciliations
• Process trade allocations, affirmations, settlements, options exercise/assignments, and related tasks
• Monitor third-party platforms like prime broker portals and administrator systems for trade management
• Work with the Reconciliation and Control teams to ensure the accuracy of internal books and records
• Identify process gaps, work with internal and external resources to create detailed requirements to solve issues
• Grasp big picture objectives to help senior management streamline workflows and minimize operational risk
• Develop and maintain strong working relationships with both internal and external stakeholders;
• Perform adequate due diligence to completely resolve all issues, in a timely manner, in order to avoid any financial or reputational impact
• Maintaining up-to-date knowledge of industry best practices to further develop effective operational policies and procedures
• Performing other duties as may be requested by senior management.
  
  

Requirements:

• Bachelor’s degree; preferably with a concentration in finance, economics, or related discipline
• 7+ years of relevant work experience.
• General knowledge of and familiarity with financial instruments (i.e. equities, fixed income, options, swaps, futures, foreign exchange) within both domestic and global securities markets
• In depth knowledge of exchange traded derivatives and fixed income securities highly preferred
• Strong futures background and familiarity with futures delivery
• Self-starter with excellent analytical and problem solving skills
• Strong attention to detail
• Ability to efficiently prioritize daily processes, ad-hoc requests, and any issues escalated by internal and external parties
• Intermediate Excel proficiency
• Ability to communicate professionally and effectively with both internal and external stakeholders
• High level of computer literacy, and capability to learn new systems quickly
• Ability to work both independently and within a team
  
  

Salary Range: $85,000 USD - $125,000 USD