Prime Brokerage Operations Associate

Social Capital Resources; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Rapidly Growing Hedge Fund is seeking an Prime Brokerage Operations Associate to support front-to-back trade processing and seamless interaction between trading, portfolio management, custodians, and counterparties.

You will own end-to-end in-kind security movements via DTC and coordinate with custodians to ensure accurate delivery and receipt. The role emphasizes daily reconciliations and tax lot preservation across transfers.

Qualifications

• Bachelor's degree required in a relevant field.
• 4-7 years of experience in trading operations or fund operations at a Prime Brokerage firm or asset manager.
• 2+ years of experience with DTC.
• 2+ years of experience with Cost Basis.
• Understanding of the trade lifecycle.
• Experience working with Prime Brokers on daily reconciliations.

Responsibilities

• Support front-to-back trade execution and ensure accurate processing.
• Own end-to-end processing of in-kind security movements via DTC.
• Coordinate with custodians, prime brokers, and counterparties for accurate delivery/receipt.
• Support high-volume, systematic trading driven by TLH rebalancing and harvesting events.
• Perform daily reconciliations across trades, positions, cash, and tax lots at account level.
• Preserve tax lot and cost basis across in-kind transfers with PMs and Fund Administrators.
• Investigate and resolve DTC transfer rejects, breaks, and discrepancies in real time and escalate as needed.

Skills

Trade lifecycle knowledge

Prime Brokerage reconciliations

DTC interactions

Cost Basis handling

Custodian/PM communication

Education

Bachelor's Degree

Job description

Rapidly Growing Hedge Fund is seeking a Prime Brokerage Operations Associate!

Responsibilities

• Supporting front-to-back trade execution, ensuring smooth and accurate trade processing, and facilitating seamless interaction between trading, portfolio management, counterparties, and custodians
• Own the end-to-end processing of in-kind security movement via DTC
• Coordinating directly with custodians, prime brokers, and counterparties to ensure accurate delivery and receipt.
• Support high-volume, systematic trading driven by TLH rebalancing and harvesting events.
• Perform daily reconciliations across trades, positions, cash balances, and tax lots at the account level
• Ensure accurate tax lot and cost basis preservation across every in-kind transfer, partnering with PMs and Fund Administrators to confirm lot-level detail carries through correctly
• Investigate and resolve DTC transfer rejects, breaks, and delivery/receipt discrepancies in real time, escalating promptly to avoid settlement or tax reporting impact

Qualifications

• Bachelor's Degree
• 4-7 years experience trading operations or fund operations at a Prime Brokerage firm or asset manager
• 2+ years experience with DTC
• 2+ years experience with Cost Basis
• Understanding of the trade lifecycle
• Previous experience working with Prime Brokers on daily reconciliations