Operations Associate - Middle Office Trade Support (Fixed Income)

Verition; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

Verition is seeking an Operations Analyst / Associate to join its Post-Trade Support (Fixed Income Operations) team in New York. You will support end-to-end post-trade processing for fixed income products and collaborate with Trading, Portfolio Management, Prime Brokers, and Custodians to ensure timely settlements.

The ideal candidate has 2–5 years in fixed income operations, strong reconciliations skills, and proficiency with Bloomberg, CTM, and SWIFT.

Qualifications

• 2–5 years of operations experience supporting fixed income products.
• Experience with trade processing, settlements, and reconciliations.
• Familiarity with government and corporate bonds, agencies, municipals, repos and money market instruments.
• Experience interacting with custodians, prime brokers, and counterparties.

Responsibilities

• Support the end-to-end post-trade lifecycle for fixed income products, including government bonds, corporate bonds, agencies, municipals, repos, and money market instruments.
• Process trade allocations, confirmations, and settlements with custodians, counterparties, and prime brokers.
• Perform daily trade, position, cash, and settlement reconciliations, investigating discrepancies.
• Monitor settlement activity and address failed trades, buy-ins, and aged settlement issues.
• Coordinate with Trading, Portfolio Management, Treasury, Risk, and counterparties to resolve operational issues.
• Process coupon payments, principal repayments, maturities, corporate actions, and other fixed income events.
• Maintain accurate security master and static data; monitor daily cash movements and settlement funding.
• Execute daily controls and support month-end reporting and regulatory requests.
• Participate in system enhancements and process improvements to increase efficiency.

Skills

Fixed income operations

Trade processing

Reconciliations

Settlement processes

Excel

Bloomberg

CTM

SWIFT

Communication skills

Team player

Education

Bachelor's degree in Finance/Accounting/Economics/Business

Tools

Bloomberg Terminal

CTM

SWIFT

Job description

Firm Overview:

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.

Firm Overview:

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.

Role Overview:

Verition is seeking a motivated Operations Analyst / Associate to join its Post-Trade Support (Fixed Income Operations) team. This individual will support the post-trade processing of the firm's global fixed income business, working closely with Trading, Portfolio Management, Prime Brokers, Custodians, and counterparties to ensure the timely and accurate settlement of fixed income transactions while maintaining a strong control environment.

Responsibilities:

• Support the end-to-end post-trade lifecycle for fixed income products, including government bonds, corporate bonds, agencies, municipals, repos, and money market instruments.
• Process trade allocations, confirmations, and settlements with custodians, counterparties, and prime brokers.
• Perform daily trade, position, cash, and settlement reconciliations, investigating and resolving discrepancies promptly.
• Monitor settlement activity and proactively manage failed trades, buy-ins, and aged settlement exceptions.
• Coordinate with Trading, Portfolio Management, Treasury, Risk, and external counterparties to resolve operational issues.
• Process coupon payments, principal repayments, maturities, corporate actions, and other fixed income lifecycle events.
• Ensure accurate security master and static data maintenance.
• Monitor daily cash movements and settlement funding requirements.
• Execute daily operational controls and ensure adherence to internal policies and procedures.
• Assist with month-end reporting, audit requests, and regulatory support activities.
• Participate in system enhancements, automation initiatives, and process improvement projects to increase operational efficiency.
• Maintain documentation of operating procedures and support business continuity initiatives.

Qualifications:

• 2–5 years of operations experience supporting fixed income products within a hedge fund, asset manager, investment bank, broker-dealer, or custodian.
• Working knowledge of fixed income trade processing, settlement, reconciliations, and lifecycle events.
• Familiarity with products including Treasuries, corporate bonds, agencies, municipals, repos, and money market instruments.
• Experience interacting with custodians, prime brokers, and counterparties.
• Proficiency in Microsoft Excel; experience with Bloomberg, CTM, SWIFT, or reconciliation platforms is preferred.
• Excellent written and verbal communication skills.
• High level of intellectual curiosity, strong work ethic, and a keen attention to detail.
• Ability to work effectively in a team-oriented, fast-paced, and dynamic environment.
• Bachelor's degree in Finance, Accounting, Economics, Business, or a related discipline preferred.

Salary Range: $150,000 USD - $200,000 USD