Operations Analyst – Total Return Swaps

Mission Staffing; Norwalk (CT); On-site; USD 70,000 - 110,000; Full time

Job summary

Our client, a global hedge fund, seeks a Total Return Swaps Operations Analyst to support the post-trade lifecycle for TRS and related swap products. You will perform reconciliations, monitor the TRS lifecycle, and work with prime brokers to resolve discrepancies.

The role requires 2+ years in investment management or swap operations, hands-on TRS experience, and strong data accuracy. Collaboration with Trading, Technology, and Treasury is essential in daily trade processing.

Qualifications

• 2+ years in investment management or swap operations in hedge funds.
• Hands-on TRS experience and post-trade processing knowledge.
• Strong attention to detail and ability to manage time-sensitive workflows.

Responsibilities

• Perform daily TRS trade, position, cash, and P&L reconciliations.
• Investigate and resolve trade breaks and valuation differences.
• Process and validate TRS trades and downstream processing.
• Monitor TRS lifecycle including amendments, valuations, and settlements.
• Reconcile swaps with prime brokers and counterparties; resolve discrepancies.
• Support dividend payments, financing charges, and corporate actions.
• Collaborate with Trading, Prime Brokers, and Technology to ensure smooth processing.
• Maintain accurate trade, position, and reference data for reporting.

Skills

TRS operations

post-trade lifecycle

reconciliations

attention to detail

time management

Tools

Advent Geneva

Job description

Our client, a global hedge fund based in New York, NY, is seeking a Total Return Swaps Operations Analyst to join their Investment Operations team. This individual will play a key role in supporting the post-trade lifecycle for Total Return Swaps (TRS) and other swap products, ensuring the accurate processing, reconciliation, and monitoring of trades and lifecycle events. The ideal candidate will have hands-on experience supporting TRS operations within a hedge fund, investment manager, prime brokerage, or similar financial services environment.

Responsibilities include:

• Perform daily trade, position, cash, and P&L reconciliations for Total Return Swaps and related swap products.
• Investigate and resolve trade breaks, position discrepancies, valuation differences, and other operational exceptions with counterparties and internal teams.
• Support the capture, validation, and processing of TRS trades, ensuring accurate booking and downstream processing.
• Monitor the full TRS lifecycle, including trade amendments, resets, financing accruals, corporate actions, valuations, cash flows, settlements, and terminations.
• Reconcile swap positions and economics against prime brokers and swap counterparties, researching and resolving discrepancies.
• Support the processing of dividend payments, financing charges, corporate actions, and other underlying security events impacting swap positions.
• Work closely with Trading, Prime Brokers, Technology, Treasury, Finance, and counterparties to resolve operational issues and ensure seamless trade processing.
• Maintain accurate trade, position, counterparty, and reference data to support operational and financial reporting.

Requirements:

• 2+ years of investment management, derivatives operations, middle-office, or swap operations experience within a hedge fund, investment manager, prime broker, or similar financial services environment.
• Hands-on experience supporting Total Return Swaps (TRS) and their associated post-trade lifecycle.
• Strong understanding of TRS mechanics, including resets, financing accruals, dividends, corporate actions, valuations, cash flows, and settlements.
• Experience reconciling swap positions and resolving trade, cash, position, and valuation breaks with prime brokers and counterparties.
• Experience with Advent Geneva, or a similar investment management, accounting, or trade-processing platform.
• Strong attention to detail and ability to manage high-volume, time-sensitive operational workflows.