Hedge Fund Trade Operations Analyst - OTC Products

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

Job summary

An established industry player seeks a Hedge Fund Trade Operations Analyst to ensure timely trade confirmations and settlements. This role involves collaborating with portfolio managers, traders, and brokers across various asset classes, including equities and derivatives. You will play a crucial role in supporting trading operations, addressing P&L inquiries, and enhancing workflow efficiency. If you possess strong analytical skills and a background in finance or economics, this is a fantastic opportunity to contribute to a dynamic trading environment and advance your career in the finance sector.

Qualifications

• 5+ years of experience in trade operations or related fields.
• Undergraduate degree with a focus on finance or economics.

Responsibilities

• Manage trade lifecycle events for various asset classes.
• Assist with trade bookings and daily reconciliations.
• Monitor third-party platforms for trade management.

Skills

Interest Rate Swaps

Credit Default Swaps (CDS)

Analytical Skills

Problem Solving

Communication Skills

Education

Undergraduate degree in Finance

Undergraduate degree in Economics

Tools

OSTRA MTM

Markitwire

ICE

Prime Broker Portals

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 - OTC Products

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;
• 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:

• 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 USD - $125,000 USD