Hedge Fund Trade Operations Analyst New New York, New York, United States

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 enhance their trading operations. In this pivotal role, you will engage with portfolio managers, traders, and brokers to ensure timely trade confirmations and settlements. Your expertise will be crucial in managing trade lifecycle events across diverse asset classes, including equities and derivatives. This dynamic position offers the opportunity to streamline workflows, minimize operational risks, and develop strong relationships with stakeholders. If you are a self-starter with a solid background in finance and a passion for operational excellence, this role is your chance to make a significant impact in the hedge fund sector.

Qualifications

• 5+ years of relevant experience in trade operations or finance.
• Strong knowledge of derivatives and trade lifecycle management.

Responsibilities

• Manage trade lifecycle events across various asset classes.
• Communicate effectively with portfolio managers and traders.
• Ensure accuracy of internal books and resolve issues promptly.

Skills

Analytical Skills

Problem Solving

Communication

Trade Lifecycle Management

Knowledge of Derivatives

Education

Undergraduate degree in finance or economics

Tools

OSTRA MTM

Markitwire

ICE

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

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, support on P&L inquiries, and daily reconciliations.
• Process trade allocations, affirmations, settlements, options exercise/assignments, and related tasks.
• Monitor third-party platforms like OSTRA MTM, Markitwire, ICE, 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.
• Maintain up-to-date knowledge of industry best practices to further develop effective operational policies and procedures.
• Perform other duties as may be requested by senior management.

Requirements:

• Undergraduate degree; preferably with a concentration in finance, economics, or related discipline.
• 5+ years of relevant work experience.
• Knowledge of Interest Rate Swaps, CDS, and other derivatives required.
• Ability to communicate professionally and effectively with both internal and external stakeholders.
• Self-starter with excellent analytical and problem solving skills.

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

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