Operations Associate

Two Sigma; New York (NY); Hybrid; USD 125,000 - 175,000; Full time

Job summary

An established industry player is seeking a detail-oriented Operations Associate to join their dynamic Operations team. This role involves performing crucial middle office support functions, including trade reconciliations and operational risk management. Candidates should have a strong background in operations within investment management, excellent analytical skills, and the ability to thrive in a fast-paced environment. The company offers competitive benefits, a hybrid work policy, and opportunities for professional growth, making it an exciting place to advance your career in finance and operations.

Benefits

Fully paid medical and dental insurance

Competitive 401k match

Onsite gyms with laundry service

Tuition reimbursement

Generous vacation and unlimited sick days

Flexible in-office days

Wellness activities

Casual dress

Game rooms

Qualifications

• 5+ years of operations experience at an investment management firm.
• Strong analytical skills to identify trends and anomalies in data.

Responsibilities

• Perform trade reconciliations and manage T+0 matching.
• Define and implement operational risk controls across multiple asset classes.

Skills

Operations Management

Problem Solving

Critical Thinking

Relationship Management

Data Analysis

Communication Skills

Education

BA/BS in Finance or Economics

Tools

Excel

Tableau

Alteryx

Job description

Join to apply for the Operations Associate role at Two Sigma

Position Summary

Two Sigma is a financial sciences company, combining data analysis, invention, and rigorous inquiry to help solve the toughest challenges in investment management, insurance technology, securities, private equity, and venture capital.

Our team of scientists, technologists, and academics looks beyond the traditional to develop creative solutions to some of the world’s most complex economic problems.

The Operations team ensures the Investment Manager’s trading assets are settled, serviced, valued, and accurately represented on our books and records for downstream reporting. We strive for 100% straight through processing including T0 matching of our trading activity, T+1 position and PNL reconciliation, and timely processing of post trade events including options processing and asset servicing. Operations identifies and resolves differences between our internal data and the data represented by prime brokerage, clearing, custodian, and fund administrator platforms used to settle, clear, and custody our positions and administer our funds in a timely manner.

We are seeking a hardworking and exceptionally detail-oriented Operations Associate to join our Operations team. You will be performing vital middle office / post trade support functions and participating in projects and initiatives that will help Two Sigma build and develop critical business activities and manage operational risk.

Candidates should be a strong problem solver with critical thinking abilities, possess strong relationship management skills, have the ability to manage and prioritize multiple tasks, and take a collaborative approach to team engagement. If you are excited about joining a fast-paced, dynamic team, we'd love to meet you!

You Will Take On The Following Responsibilities

• Perform trade reconciliations
• Define and implement operational risk controls
• Reconcile internal positions across multiple counterparties and asset classes
• Manage admin positions/transactions/cash reconciliations exceptions across multiple counterparties
• Manage T+0 matching and settlements across multiple asset classes and markets
• Manage mandatory/voluntary corporate action event and post trade event lifecycles
• Analyze our existing operational platform to establish straight through processing and find efficiencies
• Partner with technology teams to deliver automated processes
• Track, resolve, and remediate incidents

You Should Possess The Following Qualifications

• 5+ years of operations experience at an investment management firm, fund administrator, or bank
• BA/BS degree with a strong academic record (preferably in finance or economics)
• Full trade lifecycle and post trade processing experience in equities and macro asset classes
• Excellent communication and interpersonal skills
• Data analytical skills (e.g., compiling datasets and identifying anomalies/trends)
• Proficiency in Excel
• Proficiency with Tableau and Alteryx is a plus

You Will Enjoy The Following Benefits

• Core Benefits: Fully paid medical and dental insurance premiums for employees and dependents, competitive 401k match, employer-paid life & disability insurance
• Perks: Onsite gyms with laundry service, wellness activities, casual dress, snacks, game rooms
• Learning: Tuition reimbursement, conference and training sponsorship
• Time Off: Generous vacation and unlimited sick days, competitive paid caregiver leaves
• Hybrid Work Policy: Flexible in-office days with budget for home office setup

The base pay for this role will be between $125,000 and $175,000. This role may also be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental, and other wellness plans, and 401(k) contributions. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their skills, qualifications, and experience.

We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.

Two Sigma is committed to providing reasonable accommodations to qualified individuals in accordance with applicable federal, state, and local laws. If you believe you need an accommodation, please visit our website for additional information.