Operations Specialist - TRS Operations

Verition; New York (NY); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Discretionary bonus

Benefits package

Job summary

Verition Fund Management LLC is seeking an Operations Specialist for its TRS Operations team in New York. The role manages trade lifecycle events across asset classes with a primary focus on Total Return Swaps, partnering with Trading, Fund Accounting, Technology, and Risk to ensure accurate reconciliation and timely issue resolution.

The ideal candidate has an undergraduate degree in finance or economics, several years in fund or trade operations, and familiarity with Geneva.

Qualifications

• Undergraduate degree in finance, economics or related discipline.
• Several years of experience in fund or trade operations.
• Knowledge of Geneva preferred.
• General knowledge of financial instruments across markets.
• Strong communication with internal and external stakeholders.
• Self-starter with analytical and problem-solving skills, attention to detail.

Responsibilities

• Manage trade lifecycle events for TRS across asset classes with key partners.
• Resolve day-to-day trade breaks with swap counterparties and front office.
• Support swap resets, trade bookings, and P&L inquiries; perform daily reconciliations in Geneva.
• Review daily transaction, position, and cash reconciliations for TRS products.
• Identify process gaps and collaborate to implement solutions.
• Assist senior management in streamlining workflows and reducing risk.
• Maintain strong working relationships with internal and external stakeholders.
• Perform due diligence to fully resolve issues in a timely manner.
• Stay updated on industry best practices to improve policies and procedures.

Skills

Communication skills

Analytical skills

Attention to detail

Problem solving

Stakeholder management

Self-starter

Education

Bachelor's degree in finance or economics

Tools

Geneva

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 Fixed Income & Macro, Event & Multi-Asset RV, Equity L/S & Capital Markets, and Quantitative Trading.

Department Overview

The Operations team is responsible for the processes and infrastructure supporting the firm's investment activity across strategies, products, and markets globally. Partnering closely with Portfolio Managers, Trading, Risk, Technology, and external counterparties (prime brokers, custodians, and fund administrators), the team manages the end-to-end trade lifecycle, including trade capture and settlement, position and cash reconciliations, corporate actions, and regulatory reporting.

Role Overview

Verition is seeking a motivated Operations Specialist to join its TRS Operations team. This role manages trade lifecycle events across an array of asset classes with a primary focus on Total Return Swaps, partnering closely with Trading, Fund Accounting, Technology, and Risk. The Specialist resolves day-to-day trade breaks across multiple swap counterparties, supports swap resets and trade bookings, and owns daily transaction, position, and cash reconciliations for TRS products in Geneva.

Responsibilities

• Manage trade lifecycle events across an array of asset classes with a primary focus on Total Return Swaps, partnering with Trading, Fund Accounting, Technology, and Risk.
• Resolve day-to-day trade breaks across multiple swap counterparties, working with front office and global operations teams to identify and resolve discrepancies promptly.
• Support swap resets, trade bookings, corporate action processing, and P&L inquiries; perform daily reconciliations in Geneva.
• Review daily transaction, position, and cash reconciliations for TRS products.
• Identify process gaps and partner with internal and external stakeholders to develop and implement solutions.
• Help senior management streamline workflows and minimize operational risk by keeping sight of big-picture objectives.
• Develop and maintain strong working relationships with internal and external stakeholders.
• Perform thorough due diligence to fully resolve issues in a timely manner, avoiding financial or reputational impact.
• Maintain up-to-date knowledge of industry best practices to help develop effective operational policies and procedures.

Qualifications

• Undergraduate degree required, preferably with a concentration in finance, economics, or a related discipline.
• Several years of relevant work experience in fund or trade operations.
• Knowledge of Geneva preferred.
• General knowledge of financial instruments (equities, fixed income, options, swaps, futures, FX) across domestic and global securities markets.
• Strong communication skills, with the ability to engage professionally and effectively with internal and external stakeholders.
• Self-starter with excellent analytical and problem-solving skills, and strong attention to detail.

The annual base salary range for this position is $100,000 to $150,000 (USD). In addition to base salary, this position is eligible for a discretionary performance bonus and a comprehensive benefits package. Actual compensation offered to the successful candidate will be determined based on a variety of factors such as geographic location, work experience, qualifications, and skill level.

Salary Range: $100,000 USD - $150,000 USD