Senior Derivatives Operations Specialist

Bracebridge Capital; Boston (MA); On-site; USD 95,000 - 105,000; Full time

Job summary

Bracebridge Capital, LLC, a Boston-based alternative asset manager, seeks a Senior Derivatives Operations Specialist for its Back Office Operations group. The role focuses on daily derivative reconciliation, margin calls, and coordination with counterparties and internal teams.

Ideal candidates have a BA/BS in Finance or Accounting, 3–5 years in fund operations, and strong Excel skills. The company offers competitive compensation and values accuracy, teamwork, and initiative.

Qualifications

• BA/BS in Finance, Accounting, or related field.
• Experience in fund accounting, reconciliation and custody preferred.
• Understanding of post-trade derivative settlements.
• Knowledge of accounting controls in investment management.
• Strong communication and interpersonal skills.
• Proficient with Microsoft Office, especially Excel.
• Excellent organizational and time-management abilities.

Responsibilities

• Manage, prepare, and review daily derivative reconciliation for all securities.
• Reconcile and process principal and interest payments on derivatives.
• Communicate discrepancies with counterparties and internal teams to resolve breaks.
• Project, prepare, and analyze daily derivative margin calls.
• Collaborate with internal and external parties on operations.
• Develop knowledge of trading strategies, operations, and cash flows.
• Assist in reviewing monthly shareholder statements.
• Perform additional operational, recordkeeping, and data tasks.

Skills

Strong communication

Interpersonal skills

Organizational skills

Time management

Attention to detail

Education

Bachelor's degree in Finance/Accounting

Tools

Microsoft Excel

Job description

Senior Derivatives Operations Specialist

Bracebridge Capital, LLC is a leading alternative asset manager with approximately $12 billion of net assets under management. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors.

Approximately 170 employees operate from our office located in Boston's historic Back Bay. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. We believe our firm's greatest asset is the people who work here.

The Senior Derivatives Operations Specialist resides within our Back Office Operations group. This is a great opportunity to work with a dynamic group of people while learning about the operational aspects of our firm.

Primary Responsibilities:

• Manage, prepare, and review the firm's reconciliation process on a daily basis for all derivative securities.


• Reconcile and process principal and interest payments for all derivative securities.


• Communicate derivative discrepancies with external parties (counterparties, banks, administrators, etc.) as well as internal departments in order to resolve breaks.


• Project, prepare and analyze daily derivative margin calls.


• Work with colleagues internally as well as the firm's external counterparties.


• Gain a working knowledge of the firm's general trading strategy, operations, and common cash flows.


• Assist in reviewing monthly shareholder statements.


• Other operational, recordkeeping, and data processing assignments as determined.

Qualifications:

• B.A. degree in Finance, Accounting, or a related field.


• 3 to 5 years of relevant operational work experience including fund accounting, reconciliation and custody preferred.


• General understanding of post trade derivative settlements.


• Understanding of accounting controls as they relate to the investment management industry.


• Strong communication and interpersonal skills.


• Proficient in Microsoft Office applications including Excel.


• Possess exceptional organizational and time management skills as well as attention to detail.

Current anticipated annual base salary range: $95,000 - $105,000

Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications.

The Company does not offer visa sponsorship for this role.

Bracebridge Capital's policy is to provide equal opportunity for all applicants and employees without regard to race, color, religion/creed, sex (including pregnancy), national origin, ancestry, age, disability, sexual orientation, gender identity or transgender status, military or veteran's status or any other basis protected by applicable federal, state, or local laws. In compliance with our federal government data collection and reporting requirements, we invite you to complete the optional voluntary self-identification survey below used for compliance with the government regulations and record keeping guidelines. Information provided is used only for government reporting purposes; it is not used in connection with any employment decisions or actions.