Hedge Fund Trade Operations Analyst - Fixed Income Reconciliations & Settlements New New York, [...]

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

Job summary

An established industry player in hedge fund management is seeking a Hedge Fund Trade Operations Analyst specializing in Fixed Income Reconciliations & Settlements. This dynamic role involves collaborating with portfolio managers, traders, and brokers to ensure timely trade confirmations and settlements. The ideal candidate will leverage their extensive experience in financial instruments and trade lifecycle management to enhance operational efficiency and minimize risks. Join a forward-thinking team that values analytical skills and attention to detail, and contribute to the success of innovative investment strategies.

Qualifications

• 7+ years of relevant work experience in trade operations.
• Strong knowledge of financial instruments and markets.
• Ability to communicate effectively with stakeholders.

Responsibilities

• Manage trade lifecycle events for various asset classes.
• Assist with trade bookings and daily reconciliations.
• Develop relationships with internal and external stakeholders.

Skills

Analytical Skills

Problem Solving

Attention to Detail

Communication Skills

Financial Instruments Knowledge

Trade Lifecycle Management

Education

Bachelor’s Degree in Finance

Tools

Prime Broker Portals

Administrator Systems

Job description

Hedge Fund Trade Operations Analyst - Fixed Income Reconciliations & Settlements

New York, New York, United States

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
• 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 - $125,000 USD

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